We are sure that more Stock Tokens are going to follow TSLA and they are going to be tokenized by the end of 2021. Conclusion About Stock Tokens on Binanceīinance did not surprise us at all as a leading and innovative cryptocurrency exchange with this fantastic move. Yes! That’s more than accepting payment via cryptocurrency, that’s the future. So, it’s no surprise for us that they are the first Stock Token on Binance as TSLA.īitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency. also invested officially to Bitcoin and announced that they are going to accept payment as Bitcoin (BTC). His recent tweets about crypto markets, Bitcoin and Doge coin really hyped the market. Tesla is also one of the largest global suppliers of battery energy storage systems, with 3 GWh of battery storage supplied in 2020.Įlon also well-known with his interest in crypto world. Through its subsidiary SolarCity, Tesla develops and is a major installer of solar photovoltaic systems in the United States.
Tesla is ranked as the world’s best-selling plug-in and battery electric passenger car manufacturer, with a market share of 16% of the plug-in segment (which includes hybrids) and 23% of the battery electric (purely electric) segment 2020 sales. Tesla’s current products include electric cars, battery energy storage from home to grid scale, solar panels and solar roof tiles, as well as other related products and services. Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Elon Musk is the co-founder and CEO of Tesla, he also leads critical product design to engineering and manufacturing of the company’s electric vehicles and products. Tesla is the largest automaker by stock market capitalization. So all stock token investments made by Binance are going to be fully backed which means real. Short story long: if you purchase a TSLA stock on Binance their German partners are going to purchase the share from the stock market. Here is an important point to mention these stocks are backed by real share of equity stocks.Įach stock token on Binance will represent one share of equity stock, which is fully backed by shares stored in a depository portfolio of underlying securities, in cooperation with investment firm CM-Equity AG and asset tokenization platform Digital Assets AG.
And vice versa you could buy Bitcoin, Ethereum, BNB on Nasdaq! Especially the second part is going to take some time, but this is really the beginning! Think big: You can buy Amazon, Apple, Samsung, Alphabet (Google) stocks and more on Binance or on other cryptocurrency exchanges. Even more this seems as a baby step for now, but every stock in the market might be tokenized in the near future.
Why? This is a first step of the bridge which merge cryptocurrency exchanges into stock markets. This is huge and this can be the new era for Cryptocurrency & Stock markets. 🙂 What do Stock Tokens mean for Cryptocurrency and Traditional Investors? This announcement just published before the 15th BNB burn, such a coincidence.
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