Users can now trade tokenized stocks on the Binance platform
April 13, 2021
The tokenized stock offers users with a low budget to buy Tesla stocks and gain dividends.
Binance will be starting the project with Tesla, but other companies and features will be added in future.
Binance will use a depository portfolio of the underlying securities, managed by a German firm.
Cryptocurrency exchange Binance has announced it will enable tokenized stock trading service, allowing users to purchase fractions of companies’ shares. The exchange has already started with Tesla, as users can now but a fraction of the car maker’s shares.