tesla-tokenized-stock-bittrex logo download PNG or SVG

Information about tesla-tokenized-stock-bittrex

Tokenized stocks are digital representations of traditional securities, specifically shares in publicly traded companies listed on regulated exchanges. They offer a range of advantages such as fractional ownership of traditional securities, access to markets 24/7, and increased liquidity. These digital assets are directly linked to traditional stocks, meaning they provide owners with many of the same economic benefits as holding the actual stock.

To explain further, tokenized stocks are the result of tokenizing a digital total return swap contract (similar to contracts for differences). Their value is determined and secured by the underlying asset, which is typically a publicly traded equity. Essentially, the value of the tokenized stock is based on the value of the corresponding traditional security. For example, if a tokenized stock represents $100 of traditional security, it will be collateralized with an equivalent notional amount of $100 in the traditional security. This design enables tokenized stocks to reflect the economic performance of the original traditional securities.

Bittrex Global, the platform mentioned, lists tokens that are backed by derivative contracts collateralized by the underlying traditional equities. These tokens, powered by DigitalAssets.AG, are supported by actual shares of stock. However, currently, they cannot be withdrawn from Bittrex Global or exchanged for the underlying shares. Although in the future, there might be opportunities to withdraw these tokens from Bittrex Global or redeem them for the original stocks.

At present, only spot markets for tokenized stocks are available on Bittrex Global. DigitalAssets.AG, a Swiss-based company, plays a crucial role in facilitating the tokenization of traditional financial assets. They collaborated with German company CM-Equity AG to introduce stocks trading on another major cryptocurrency exchange in December 2020.

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