In brief
- FTX, a Hong Kong-based crypto derivatives exchange, is launching tokenized equities.
- The offering is being launched alongside Germany based company Digital Assets AG.
- Traders will gain access to trading equity and crypto pairs including TSLA/BTC and AMZN/BTC.
Hong Kong based crypto derivatives exchange FTX is launching regulated tokenized equities alongside Digital Assets AG (DAAG).
Digital Assets AG is a German based company that offers professional clients the opportunity to tokenize financial products.
Together with DAAG, this offering will give traders access to more than a dozen in-demand trading equity and crypto pairs, including TSLA/BTC, and AMZN/BTC.
“Our traders have never seen crypto as a niche field,” said Sam Bankman-Fried, founder and CEO of FTX.
“These products demonstrate a powerful future, in which assets are digitized and tokenized and traders have unlimited creative potential to express their beliefs about the markets,” Bankman-Fried added.
FTX isn’t the only thing on Bankman-Fried’s plate at the moment; he’s been making waves in the decentralized finance (DeFi) space too, reserving some choice words for DEX volumes and stepping in to save decentralized exchange SushiSwap.