Within the next few days tokenized shares of Apple (AAPL), Microsoft (MSTR), and MicroStrategy (MSFT) will become available for purchase on the widely-used cryptocurrency network Binance. Thus, together with Tesla and Coinbase, Binance now introduces five stock tokens overall.
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New Stock Tokens to Be Made Available on https://t.co/QILSkzOI1K (2021-04-26)
— Binance (@binance) April 26, 2021
➡️ https://t.co/4k1wZViyIp pic.twitter.com/9om3JP98es
Microsoft tokens will be released within a few hours, at 1:30 pm UTC on April 26. AAPL will be brought out on April 28 and MSFT on April 30.
Binance network launched its primary stock token Tesla on April 12. These units are non-commission digital tokens completely backed by a deposit portfolio of definite securities. There is also an option of buying divisions of the tokens, the smallest limit of which is one-hundredth.
Users can acquire them through Binance's stablecoin BUSD.
The platform's customers from the US, Turkey, China, and other restrained locations are disallowed to shop for products.In the published post Binance says the team will follow the general demand and introduce more stock tokens in the future.
While Binance keeps adding new stock tokens, there are still some regulatory matters the platform faces.
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On April 22, the United Kingdom's regulatory FCA started examining if the new product corresponds to the country's security laws.