You can buy tokenized Tesla securities on the Binance exchange

12-04-2021

Binance announced the opening of sales of a tokenized Tesla stock. This product was launched jointly with CM-Equity AG (Germany) and the online platform Digital Assets AG (Switzerland). Shares of the electric-car maker will be available for a portion of the tokens, rather than the entirety. At the same time, each of them is fully secured by real securities. The minimum transaction price is 0.01 tokens.

How to buy tokenized Tesla stock

Traders will be able to make fractional transactions with tokens without commission. The digital coins will be valued and exchanged for Binance USD Stablecoins. This cryptocurrency asset is issued by Paxos and is pegged to the U.S. dollar. Owners of the tokenized securities can receive potential dividends from Tesla-like holders of standard stock.

“By connecting traditional and cryptocurrency markets, we are building another technological bridge for a more inclusive financial future,” said Binance CEO Changpeng Zhao.

Buying the new product on the Binance exchange is available to residents of Chinese, Turkish, and U.S. jurisdictions. The launch of trading in tokenized Tesla shares is considered only the initial stage of the promotion of such crypto-assets.

It is worth noting that the value of the cryptocurrency exchange Binance’s own token has increased approximately 17 times since the beginning of 2021. At the auction on 12.04.2021, the price of the digital coin for the first time passed the $628 mark. Experts believe that this year the rate of the BNB token could rise to $1,000.

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