Hong Kong Exchange FTX Launches Regulated Tokenized Equities

The offering is being launched together with German-based firm Digital Assets AG.

1 min read

Oct 29, 2020

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.

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