Facebook, Google, Apple, Tesla Stocks Coming to Solana

Facebook, Google, Apple, Tesla Stocks Coming to Solana

Share this article

Digital Assets AG is bringing tokenized stocks for 55 companies to Solana. FTX exchange will be the first platform to enable trading for users who complete its KYC process. 
Blue Chip Stocks on Solana
Solana will host tokenized stocks for a range of companies including Facebook, Apple, Google, Netflix, Nvidia, PayPal, Square, and Tesla.
Digital Assets AG (DAAG) plans to list the 55 tokenized stocks on the Layer 1 blockchain platform. The Swiss firm provides free-floating stocks on exchanges like Binance and FTX, as well as on private blockchains. Free-floating tokens are regulated assets that represent the publicly issued supply of those shares.
The securities prospectus of DAAG Tokenized Stocks is endorsed by the Financial Market Authority (FMA) of Liechtenstein, making the stocks valid in the European Economic Area.
According to a press release shared with Crypto Briefing, FTX exchange will pilot trading DAAG’s stock tokens on Solana. Any users who complete the exchange’s KYC process and live in permitted jurisdictions will be able to trade the tokens.
FTX is a leading supporter of Solana as a hub for next-generation DeFi applications. The exchange is run by Sam Bankman-Fried, who also owns Alameda Research, a trading firm that’s backed many projects in the blockchain’s ecosystem. Speaking of the launch, Bankman-Fried said:

“DAAG’s tokenized stock infrastructure will help facilitate a paradigm shift in the underlying market structure, and we’re excited to continue working with Solana and DAAG to set the standard in this industry.”
Anatoly Yakovenko, CEO of Solana Labs, added that DAAG was “primed to expand the financial technology that can be built on Solana, with DeFi products ready to support these new equity tokens.”
Tokenized stocks are not new in the crypto world. FTX, Binance, and Bittrex Global enable trading of multiple stock and commodity tokens, but the tokens are not transferable across platforms. DAAG’s stock launch will allow for transfers to the secondary market, external apps, other Solana addresses, or applications, opening the gateway for access in DeFi applications.

This news was brought to you by ANKR, our preferred DeFi Partner.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.

FTX Bets on Solana, Not Ethereum, for Its New Decentralized Exchange

FTX is spearheading the launch of a new decentralized exchange (DEX) to kickstart a new DeFi ecosystem on the Solana blockchain. Touted as an “Ethereum Killer,” can Solana’s high throughput…

Ren Bridge Adds Support for Bitcoin on Solana

A tokenized version of Bitcoin is now available on Solana via Ren’s bridge.  Ren Integrates Solana  Ren has launched a bridge to Solana.  The project announced the integration Thursday, remarking…

Polygon, Solana, DeFi on Grayscale’s Radar

Grayscale is exploring 13 new cryptocurrencies as tentative investment offerings, including Polygon and Solana’s native tokens. Grayscale Considering 13 New Assets Grayscale is weighing up adding a new list of…

What is Polygon (MATIC): Ethereum’s Internet of Blockchains

In terms of both decentralized app (DApp) development and adoption, no blockchain has been more successful than Ethereum (ETH). But despite its relative success, the Ethereum network still contains several…

bitcoin
Bitcoin (BTC) $ 97,472.12
ethereum
Ethereum (ETH) $ 3,459.69
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.26
bnb
BNB (BNB) $ 680.40
solana
Solana (SOL) $ 194.46
dogecoin
Dogecoin (DOGE) $ 0.316040
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,453.99
cardano
Cardano (ADA) $ 0.941605
tron
TRON (TRX) $ 0.248525
avalanche-2
Avalanche (AVAX) $ 39.53
chainlink
Chainlink (LINK) $ 23.28
wrapped-steth
Wrapped stETH (WSTETH) $ 4,112.06
the-open-network
Toncoin (TON) $ 5.52
sui
Sui (SUI) $ 4.53
shiba-inu
Shiba Inu (SHIB) $ 0.000022
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,171.03
stellar
Stellar (XLM) $ 0.370091
polkadot
Polkadot (DOT) $ 7.25
hedera-hashgraph
Hedera (HBAR) $ 0.266446
hyperliquid
Hyperliquid (HYPE) $ 29.14
weth
WETH (WETH) $ 3,461.17
bitcoin-cash
Bitcoin Cash (BCH) $ 447.49
leo-token
LEO Token (LEO) $ 9.37
uniswap
Uniswap (UNI) $ 13.47
litecoin
Litecoin (LTC) $ 100.67
pepe
Pepe (PEPE) $ 0.000018
wrapped-eeth
Wrapped eETH (WEETH) $ 3,650.50
near
NEAR Protocol (NEAR) $ 5.33
bitget-token
Bitget Token (BGB) $ 4.26
ethena-usde
Ethena USDe (USDE) $ 1.00
aptos
Aptos (APT) $ 10.29
usds
USDS (USDS) $ 1.00
internet-computer
Internet Computer (ICP) $ 10.52
aave
Aave (AAVE) $ 323.46
crypto-com-chain
Cronos (CRO) $ 0.161902
mantle
Mantle (MNT) $ 1.26
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.496047
ethereum-classic
Ethereum Classic (ETC) $ 27.34
vechain
VeChain (VET) $ 0.047684
render-token
Render (RENDER) $ 7.36
mantra-dao
MANTRA (OM) $ 3.97
ethena
Ethena (ENA) $ 1.21
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.36
monero
Monero (XMR) $ 191.56
bittensor
Bittensor (TAO) $ 476.87
whitebit
WhiteBIT Coin (WBT) $ 24.51
dai
Dai (DAI) $ 1.00
arbitrum
Arbitrum (ARB) $ 0.791449