Major crypto derivatives exchange FTX has partnered with two financial companies in Europe to launch tokenized equities. The European countries include German financial company CM-Equity AG and Swiss-based firm Digital Assets AG.
CM Equity AG will be in charge of the traded equities. FTX traders interested in holding actual stock will gain access through the German company. The Block that the product would be going live in the coming week.
The product, which was launched on the 29th of October, will give FTX users access to trade on top stocks, including Amazon, Apple, and Tesla.
However, a by CryptoBriefing noted that some regions, including the US, would not have access to the newly launched product.
In a Cointelegraph , FTX CEO Sam Bankman-Fried said:
“These fractional stock products reflect the reality that today’s traders are industry and sector spanning and want trading opportunities that fully match their interests and mindset.”
Shortly after the launch, FTX opened registrations for users.
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