TOKENIZED SHARES OF APPLE AND TESLA COULD BECOME THE NEXT CRYPTO-HIT
On Monday, the Estonian cryptocurrency organization DX.Exchange has launched a trading platform that gives investors the opportunity to buy shares placed on the Nasdaq stock exchange via security tokens, such as Apple, Tesla, Facebook and Netflix shares.
Each token is backed by a company share and gives the right to receive dividends. DX operations Director Amedeo Moscato noted that “the crypto community has been talking about security tokens for more than a year” and now the company has managed to “make progress”.
Investors will be able to trade tokens 24 hours a day, even after the markets will be closed.
DX emphasizes that digital shares are classified as derivatives and that the platform is designed in accordance with EU law. Licensed in Cyprus, the company MPS MarketPlace Securities holds shares in a common account, and the DX platform is based on the Matching Engine technology from Nasdaq, which is used in more than 70 international markets.