Bitcoin exchange Binance has announced a listing of zero-fee tokenized shares to expand access to traditional financial instruments. This is stated in the platform’s press release.
The exchange will be the first to add shares in electric car maker Tesla (ticker: TSLA). Holders will be able to buy / sell tokens, which give the right to a part of the company’s real securities.
Binance promised to expand the list of tradable tokenized shares as demand. Traders must go through the KYC procedure, as the new product is not available to residents of China, Turkey, the United States and some jurisdictions.
The exchange launched a new product in partnership with investment company CM-Equity AG and Swiss platform Digital Assets AG.
In March 2021, Binance entered into a strategic partnership with the private capital markets platform CapBridge Financial, regulated by the Monetary Authority of Singapore.
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