Today Binance lists three more stock tokens that are tradable through crypto coins. The three stock tokens that Binance lists today are Microstrategy (MSTR), Apple (AAPL) and Microsoft (MSFT).
Basically, Binance Stock Tokens are tokens of stocks that trade on traditional stock exchanges. These tokens are created on collateral held by a third party. If the price of the stock rises the stock token is expected to rise accordingly.
- Microstrategy (MSTR/BUSD) at 2021-04-26 1:30 PM (UTC)
- Apple (AAPL/BUSD) at 2021-04-28 1:30 PM (UTC)
- Microsoft (MSFT/BUSD) at 2021-04-30 1:30 PM (UTC)
According to the official blog post of Binance, “Stock Tokens are fully backed by a depository portfolio of underlying securities held by CM-Equity AG, Germany (“CM-E”).”
“Holders of Stock Tokens will qualify for economic returns on the underlying shares, including potential dividends.”
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