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Digital Assets AG, a financial firm based in Switzerland, is making digital tokenized assets available on the Solana blockchain(Solana is a blockchain network that relies on the “Proof of History” protocol to help build scalable and secure Apps) while only permitting users of the FTX Crypto Exchange to buy these assets. Stocks of major companies like Facebook, Apple, Google, Netflix, Nvidia, PayPal, Square, and Tesla are going to be listed on the Exchange. This is still in its infancy as it is limited to users who live in certain areas and complete the required KYC processes. It seems like the major companies have acknowledged the rise and potential of cryptocurrency usage in the future, which will definitely attract other behemoths like Walmart and Amazon to follow suit.However, this is not the first time an Exchange has listed stocks as tokenized shares. Binance did a similar thing in April where it listed Microsoft, Coinbase, Apple, Tesla, and MicroStrategy, this, too, is only limited to people who pass the KYC process.This step is great for companies and people alike who are looking to have a portfolio that is based on cryptocurrencies rather than fiat-based currencies. Although the process will still remain more or less the same it still adds an element of decentralization that is always great to see.
