Changing the Face of Finance One Tokenized Stock at a Time

Brandon Smith
Digital Assets AG
Published in
2 min readJun 24, 2021

Announcing the launch of Digital Assets AG free-floating token

For the longest time, stock trading was limited to the regular trading hours of the New York Stock Exchange and the Nasdaq Stock Market, but we’re changing the game. DAAG is proud to announce the launch of our tokenized stocks on the Solana blockchain, available exclusively on FTX along with the launch of the first-ever free-floating security token.

Currently, tokenized stocks can only be traded on a singular entity, for example, an exchange or private blockchain. On these entities, users can only open or close positions and are unable to make withdrawals, transfer cross-chain, or to an external party, but that is about to change. Our free-floating tokenized stocks will allow for centralized and decentralized exchanges built on Solana to add tokenized stock trading to their platform.

Buyers and sellers in permitted areas will be able to buy, sell, and withdraw 55 different free-floating stocks, including but not limited to some of the largest stocks in the market right now:

Facebook, Google, Netflix, Square and Tesla will be available with near-instantaneous settlement times and no counterparty risk in a 24/7/365 trading cycle.

If your country of residence isn’t in the permitted area, don’t worry, we’re working on it!

In a digital world, we know that security is important for you, it is for us too. That’s why our securities prospectus is endorsed by the Financial Market Authority (FMA) of Liechtenstein, so our tokenized stocks are valid in the European Economic Area (EEA).

We believe that operating on the Solana blockchain will offer a much more efficient and cost-effective environment for trading and see the future of traditional finance and capital markets operating on the blockchain. So come and change the face of finance with us!

Curious to know more? Contact us here.

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