Crypto exchange Binance has plans to launch stock tokens of Nasdaq-listed companies like MicroStrategy, and tech giants such as Apple and Microsoft. The announcement came after the launch of tokens that trace the performance of electric automaker Tesla and Coinbase.
While announcing the launch on the 26th of April, Binance highlighted the schedule for each stock token. The exchange noted that MicroStrategy would list on the 26th at 1:30 pm UTC, Apple would list on the 28th at 1:30 pm UTC, and Microsoft on the 30th of April at 1:30 pm UTC.
In the announcement, Binance said that each stock token represents one ordinary share of the relevant stock. Binance added:
