Cryptocurrencies

Tesla is going into cryptos? In any case, on FTX, Elon Musk’s company is already present! – Cryptocurrencies

The insignia of Tesla on the wheel of the plug-in electric car Model 3, a mid-size / compact executive luxury four-door sedan manufactured and sold by Tesla, Inc.

FTX tokenizes companies, so investing in stocks is no longer just for big portfolios.

Jeff Bezos, Elon Musk and Tim Cook are playing the game: prestigious names that will likely ensure the success of FTX’s new cryptophyla offering.

A Tesla for all thanks to cryptos

The exchange FTX specializing in trading in cryptocurrency derivatives, launched fractional stocks offerings, tokens representing corporate shares.

This new range of products has been available since October 29, 2020. It was designed in partnership with the German investment firm CM-Equity and the company Digital Assets AG.

A dozen shares and cryptocurrencies are available for trading, including shares of You’re here (TSLA), Amazon and Apple.

According to FTX, this splitting allows assets to be broken down into small units and facilitates speculation in expensive stocks like those of You’re here.

FTX: between tradition and modernity

The CEO of FTX, Sam Bankman-Fried, indicates that the digitization of traditional assets paves the way for a promising future.

In his words, traders today come from many different industries and their interest spans many industries. Creating new trading opportunities matches this reality and the mindset of these traders.

FTX indicates that only traders based in jurisdictions not subject to exchange restrictions will be able to access these products.

The operational base of FTX it is located at Hong Kong but, the headquarters of the parent company is in Barbados.

Bankman-Fried does not seem to want to stick to a single cryptocurrency sector. Indeed, it is also active in DeFi.

He had participated in the in extremis rescue of the decentralized exchange Sushiwap (SUSHI), after the withdrawal of its creator, Chief Nomi.

Pub

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.

What would a collaboration with a dynamic crypto player like FTX and a large asset manager like Kingdom Trust look like? Tokenize Wall Street and the other temples of traditional finance: a project that seems crazy at first sight but which could very well be carried out during the next decade. This would make it possible to diversify the profile of shareholders of large listed companies. Blocking is not technical, it is above all legal. When will there be a massive entry of smart contracts into the legal field? Current financial regulators understand little or do not want to understand the very basic logic of the cryptosphere.

Tags

Related Articles

Back to top button
Close
Close