Tokenized stocks are digital assets that mimic the price action of publicly traded stocks. These tokens allow cryptocurrency traders to gain exposure to the price action of stocks without leaving the crypto ecosystem. What Is a Tokenized Stock? There are key differences when it comes to cryptocurrency vs. stocks.
What is tokenization of assets?
In the financial context, tokenization of assets refers to the process of issuing a digital token that runs on a blockchain. This token is a digital representation of an asset – tangible or intangible – and its value is based on the value of the asset it represents, like the process of traditional securitization, but digitized.
Is tokenization the future of financial markets?
Tokenization: The future of financial markets? Blockchain technology is revolutionizing the financial services industry. One of the most recent – and potentially most disruptive – of blockchain-based innovations is asset tokenization.
What are tokenized stocks on Bittrex?
Bittrex issues tokenized stocks in association with a Switzerland-based asset-tokenization platform known as DigitalAssets.AG. All the tokenized stocks issued on Bittrex are backed by actual equity shares that are kept in reserve by DigitalAssets.AG. Features of tokenized stocks on Bittrex include the following:
