{"id":224786,"date":"2021-04-12T14:00:00","date_gmt":"2021-04-12T11:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/binance-launches-tradable-stock-tokens-in-tesla\/"},"modified":"2021-04-12T14:00:00","modified_gmt":"2021-04-12T11:00:00","slug":"binance-launches-tradable-stock-tokens-in-tesla","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/binance-launches-tradable-stock-tokens-in-tesla\/","title":{"rendered":"# Binance launches tradable stock tokens in Tesla"},"content":{"rendered":"<p>&#8220;<strong># Binance launches tradable stock tokens in Tesla <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvOTM0MjllZmEtNjkwNy00ZTY2LWJiOTUtMjk3OWU3NWFiNWU0LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Cryptocurrency exchange Binance is launching tradable stock tokens that aim to enable a wider section of the public to pocket capital returns on equities, including potential dividends, without having to purchase full, traditional shares.<\/p>\n<p>The first publicly tradable equity in the form of a Binance stock token will be Tesla, the share price of which currently hovers around the $700 mark. Rather than purchase a full, traditional share, for which custody of a physical share certificate is required, users can purchase as little as one-hundredth of a Tesla share represented by a digital token. Binance stated:<\/p>\n<blockquote><p>\u201cEach digital token represents one share of equity stock and is fully backed by a depository portfolio of underlying securities that represents the outstanding tokens. Users will be able to trade fractional tokens.\u201d<\/p><\/blockquote>\n<p>One-hundredth of a stock token therefore represents the same fraction of a Tesla share, and stock prices will be settled in Binance USD (BUSD), a stablecoin pegged to the U.S. dollar and issued by Paxos Trust Company. Stock tokens are not redeemable for shares.<\/p>\n<p>Binance CEO Changpeng Zhao believes that digital stock tokens will provide a bridge between traditional and crypto markets and broaden access to equity markets, resulting in a \u201cmore inclusive financial future.\u201d<\/p>\n<p>Trading of the digital stock tokens will be commission-free, and the product has been developed together with licensed German investment firm CM-Equity AG\u00a0and the Swiss-based asset tokenization platform Digital Assets AG. Participation in their trading is not open to restricted jurisdictions such as China, Turkey and the United States, and a Know Your Customer process must be completed to become eligible as a digital stock token trader on the exchange.\u00a0<\/p>\n<p>Binance&#8217;s Q1 2021 has been a strong one, according to today&#8217;s announcement, with 260% growth in traded volume and a 346% increase in users. Meanwhile, the exchange&#8217;s native token Binance Coin (BNB) has rallied by more than 900% so far this year.\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/binance-launches-tradable-stock-tokens-in-tesla\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Binance launches tradable stock tokens in Tesla &#8221; Cryptocurrency exchange Binance is launching tradable stock tokens that aim to enable a wider section of the public to pocket capital returns on equities, including potential dividends, without having to purchase full, traditional shares. The first publicly tradable equity in the form of a Binance stock&#8230;<\/p>\n","protected":false},"author":1,"featured_media":224787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvOTM0MjllZmEtNjkwNy00ZTY2LWJiOTUtMjk3OWU3NWFiNWU0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,75014,74863,74860,75493,117,4965,36402],"class_list":["post-224786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-binance","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-stablecoin","tag-business","tag-technology","tag-tesla"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/224786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=224786"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/224786\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/224787"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=224786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=224786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=224786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}