THELOGICALINDIAN - FTX barter is arch the barrage of tokenized stocks on Solana alongside Digital Assets AG
Digital Assets AG is bringing tokenized stocks for 55 companies to Solana. FTX barter will be the aboriginal belvedere to accredit trading for users who complete its KYC process.
Blue Chip Stocks on Solana
Solana will host tokenized stocks for a ambit of companies including Facebook, Apple, Google, Netflix, Nvidia, PayPal, Square, and Tesla.
Digital Assets AG (DAAG) affairs to account the 55 tokenized stocks on the Layer 1 blockchain platform. The Swiss close provides free-floating stocks on exchanges like Binance and FTX, as able-bodied as on clandestine blockchains. Free-floating tokens are adapted assets that represent the about issued accumulation of those shares.
The balance announcement of DAAG Tokenized Stocks is accustomed by the Financial Market Authority (FMA) of Liechtenstein, authoritative the stocks accurate in the European Economic Area.
According to a columnist absolution aggregate with Crypto Briefing, FTX exchange will pilot trading DAAG’s banal tokens on Solana. Any users who complete the exchange’s KYC action and alive in acceptable jurisdictions will be able to barter the tokens.
FTX is a leading supporter of Solana as a hub for next-generation DeFi applications. The barter is run by Sam Bankman-Fried, who additionally owns Alameda Research, a trading close that’s backed abounding projects in the blockchain’s ecosystem. Speaking of the launch, Bankman-Fried said:
“DAAG’s tokenized banal basement will advice facilitate a archetype about-face in the basal bazaar structure, and we’re aflame to abide alive with Solana and DAAG to set the accepted in this industry.”
Anatoly Yakovenko, CEO of Solana Labs, added that DAAG was “primed to aggrandize the banking technology that can be congenital on Solana, with DeFi articles accessible to abutment these new disinterestedness tokens.”
Tokenized stocks are not new in the crypto world. FTX, Binance, and Bittrex Global accredit trading of assorted banal and article tokens, but the tokens are not communicable beyond platforms. DAAG’s banal barrage will acquiesce for transfers to the accessory market, alien apps, added Solana addresses, or applications, aperture the aperture for admission in DeFi applications.
