Holders of stock tokens qualify for capital returns on the underlying equity, including potential dividends and stock splits, as they would from holding traditional shares.īinance users who are knowledgeable about crypto's fractional properties can now diversify into equity assets using a digital currency and platform they are familiar with. Stock tokens enable greater financial participation by fractionalizing a highly sought-after asset class of publicly-tradable equities into more affordable units. dollar and issued by Paxos Trust Company. Stock tokens are priced and settled in Binance USD ("BUSD"), a regulated stablecoin pegged to the U.S. The first stock tokens announced will be of Tesla, the largest automaker by market capitalization, and their minimum trade size is one-hundredth of a stock token, representing the same fraction of a Tesla share. Users will be able to trade fractional tokens. ![]() Each digital token represents one share of equity stock and is fully backed by a depository portfolio of underlying securities that represents the outstanding tokens. ![]() MUNICH, GERMANY / ACCESSWIRE / Ap/ Binance, the global blockchain company behind the world's largest digital asset exchange, today announces the launch of zero commission tradable stock tokens to broaden access across traditional capital and cryptocurrency in cooperation with CM-Equity AG, a licensed investment firm in Germany, and Swiss-based Digital Assets AG, an asset tokenization platform.
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