Swiss-based Digital Assets AG (DAAG), a firm focused on tokenized financial instruments, announced that it is bringing tokenized stocks, including Facebook, Google, PayPal and Tesla, to the Solana network and will launch the first free-floating security tokens through the network on the FTX exchange.
The company previously used a private blockchain but now its products will be available on FTX exchange in addition to Binance and Bittrex. It has over 60 tokenized stocks issued and around $100 million worth of underlying collateral, said DAAG’s Corporate Development Lead Brandon Williams.
Popular stocks that will be immediately available for trading include Facebook, Google, Netflix, Nvidia, PayPal, Square and Tesla.
