Digital Assets develops tokenized FTX inventories based on Solana

Digital Assets AG, a Swiss financial instrument-token company, debuted the Solana blockchain with its tokenized shares. Binance, FTX and Bittrex Global employed a private blockchain to tackle stock trading for crypto bonds.

However, for present, the Solana-based service is only accessible for FTX subscribers. Solane and FTX are tightly related; Alameda Research, a sibling business in FTX, invests in Solana, and also administers the Solana blockchain's own decentralized exchange called Serum.

Brandon Williams, head of business development at Digital Assets, says, "The transition from operating on a private blockchain into Solana will provide a far more efficient, cost-efficient environment for trading and use of tokenised equities. "We intend to operate on the blockchain throughout the traditional financial and capital markets. Solana, viewed as an Ethereum rival, is quicker and cheaper to carry out transactions than Ethereum.

Initially, 55 tokenised companies located in Solana, including Facebook, Google and Tesla, would provide trading 24/7. Blockchain-based assets representing the shares of publicly traded businesses are tokenized equities.

Centralized and decentralized Solana-building exchanges will now also be able to incorporate digital assets to their platforms.

 

Tag :

Digital Assets AG has launched tokenized stocks on the Solana blockchain, available for trading exclusively on FTX.
a leading Swiss-based firm focusing on ... With the launch of Digital Assets AG free-floating tokenized stocks on Solana, ... At launch, FTX will be the exclusive home for KYC'd buyers and sellers in ... and scalable infrastructure framework that creates a new dimension and limitless ...
solana token
ftx equity token
tokenized stocks
ftx tokenized stocks
solana vs ethereum
how to buy tesla token
digital assets ag
solana crypto review

Share:

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Hot Topic

Algorand’s general value staked soars forty% in 2 months amid spiking weekly on-chain activity

With most of the people of assets in the cryptocurrency quarter persevering with to exchange in a sideways sample, some are recording succes...

counter, at the bottom of the page, in a table, div or under a menu.