Binance Launches Tokenized Tesla Stocks

In line of Binance‘ aim to keep up with innovation and the growing market demand, it will now offer stock tokens for trading.

The leading cryptocurrency exchange launches commission free tradeable stock tokens that is fully backed by a depository portfolio of underlying securities representing the outstanding asset.

Leading the launch is Tesla (NASDAQ:TSLA) stock tokens with the minimum trade size is one-hundredth of a stock token, representing the same fraction of a Tesla share.

The tokens are priced and settled in Binance USD (BNB-USD), a regulated stablecoin pegged to the U.S. dollar and issued by Paxos Trust Company.

Token trading in unavailable in mainland China, Turkey and other restricted regions and users are subjected to identity verification.

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