{"id":282742,"date":"2021-06-24T16:30:00","date_gmt":"2021-06-24T13:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/swiss-based-digital-assets-ag-launches-tokenized-stock-offerings-on-solana\/"},"modified":"2021-06-24T16:30:00","modified_gmt":"2021-06-24T13:30:00","slug":"swiss-based-digital-assets-ag-launches-tokenized-stock-offerings-on-solana","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/swiss-based-digital-assets-ag-launches-tokenized-stock-offerings-on-solana\/","title":{"rendered":"# Swiss-based Digital Assets AG launches tokenized stock offerings on Solana"},"content":{"rendered":"<p>&#8220;<strong># Swiss-based Digital Assets AG launches tokenized stock offerings on Solana  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvZWM3MGMwYWQtMTZjOS00MmVjLWE1OGUtMjhjZjY1ZDIxNmYwLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Switzerland-based token issuer Digital Assets AG, or DAAG, has officially launched its stock-tokenization infrastructure on the Solana blockchain, offering users of the FTX trading platform a novel way for accessing traditional equity markets.\u00a0<\/p>\n<p>During the initial rollout, FTX users who have completed Know Your Customer documentation will have access to 55 free-floating stocks, available 24 hours a day, 365 days a year, Digital Assets AG announced Thursday. That means users in permitted jurisdictions will be able to buy, sell and withdraw the assets at any time. <\/p>\n<p>Free-floating stocks are assets that have received regulatory <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roval to trade on tokenized platforms. As DAAG explained, they represent the number of shares of a given asset excluding locked-in shares, such as those held by company executives. <\/p>\n<p>The tokenized stock offerings are valid in the European Economic Area, or EEA, through a prospectus endorsed by Liechtenstein\u2019s Financial Market Authority, DAAG said. <\/p>\n<p>DAAG executive Brandon Williams explained his firm\u2019s rationale for launching on Solana:<\/p>\n<blockquote><p>\u201cThe move from operating on a private blockchain to operating on Solana will offer a much more efficient, and cost-effective environment for the trading and utilization of tokenized stocks [&#8230;] We envision the entirety of traditional finance and capital markets being able to operate on the blockchain and Solana was the obvious choice.\u201d <\/p><\/blockquote>\n<p>Meanwhile, FTX already offers tokenized stock trading. As Cointelegraph reported, FTX debuted the Coinbase pre-IPO contract on the eve of the company\u2019s public listing in April. <\/p>\n<p>Sam Bankman-Fried, founder and CEO of FTX, said, \u201cDAAG\u2019s tokenized stock infrastructure will help facilitate a paradigm shift in the underlying market structure\u2026\u201d<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Metaplex NFT marketplace launches on Solana<\/em><\/strong><\/p>\n<p>Solana has received tremendous support from investors, venture capitalists and other market participants. The crypto startup recently raised $314 million from several high-profile investors to expedite the development of its high-performance blockchain. Andreessen Horowitz and Polychain Capital led the raise, with additional contributions from the likes of Alameda Research, Blockchange Ventures, CMS Holdings and CoinShares, among others.<\/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\/swiss-based-digital-assets-ag-launches-tokenized-stock-offerings-on-solana\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Swiss-based Digital Assets AG launches tokenized stock offerings on Solana &#8221; Switzerland-based token issuer Digital Assets AG, or DAAG, has officially launched its stock-tokenization infrastructure on the Solana blockchain, offering users of the FTX trading platform a novel way for accessing traditional equity markets.\u00a0 During the initial rollout, FTX users who have completed Know&#8230;<\/p>\n","protected":false},"author":1,"featured_media":282743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvZWM3MGMwYWQtMTZjOS00MmVjLWE1OGUtMjhjZjY1ZDIxNmYwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74860,89897,92498,70359],"class_list":["post-282742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cryptocurrency-exchange","tag-sam-bankman-fried","tag-solana","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/282742","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=282742"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/282742\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/282743"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=282742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=282742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=282742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}