Equities, which are stocks traded on regulated exchanges, are listed on FTX. FTX offers spot tokens that represent shares of stock held by CM-Equity, a fully regulated and licensed financial institution in Germany. These tokens can be exchanged for the underlying shares through CM-Equity. To trade tokenized stocks on FTX, users may need to become customers of CM-Equity, pass their KYC process, and comply with their regulations. CM-Equity also monitors the trading activity for compliance. The equities are held by a third-party brokerage firm, with CM-Equity providing the brokerage services instead of FTX Trading LTD.
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