Binance is expanding its pool of tokenized stocks. This week the “stock tokens” from Apple, Microsoft and MicroStrategy will be tradable.
Binance begins trading MicroStrategy tokenized shares (MSTR) today. That shared the world’s largest crypto exchange in one announcement With. The start of trading is scheduled for 3:30 p.m. CET. In addition, tokenized versions of Apple (AAPL) and Microsoft shares (MSFT) will appear every two days. As Binance assures, the “stock tokens” represent the common shares of the respective companies and are too “complete” by the German asset manager CM equity covered. Thus, owners of the tokens would also have a right to economic income from the underlying shares, including possible dividends.
Trading hours will be in accordance with normal stock exchange hours and will not be available to residents of mainland China, Turkey, the United States and other restricted jurisdictions as finalized by CM-E. In addition, only investors are admitted to trading who meet the necessary KYC regulations and other relevant compliance requirements.
Binance: further stock tokens planned
These are not the first stock tokens that Binance is releasing for trading on its platform. In mid-April, the crypto exchange introduced similar products for Tesla (TSLA) and Coinbase (COIN). The notification also states that Binance may be planning further stock tokens. To do this, however, one wants to first observe the current market demand.
Binance is now expanding its pool of investment opportunities for tokenized stocks these weeks. The Austrian crypto exchange Bitpanda announced similar steps last week. Trading in tokenized stocks and ETFs started there on April 21, as BTC-ECHO already reported. Since then, customers have been able to invest 50 companies, including big players like Amazon, Alphabet, Facebook and Netflix, as well as seven ETFs like the S&P 500. “Another thousand” options are to follow soon.