Digital Stocks Explained – Stock Token on the Blockchain

Digital Stocks are tokenized versions of stocks. Essentially one token equals one stock, Example: 1 Tesla Stock = 1 Tesla Digital Stock. The tokens are of course blockchain based and maybe issued on various blockchains such as Ethereum. Digital Stocks can be traded when stock exchanges are closed as the tokens themselves are not listed on stock exchanges such as the NYSE or Nasdaq. Rather the tokens are on a crypto or digital asset exchange which are generally open 24/7. In many cases the Digital Stock owners are entitled to the dividends that are…

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Fidelity Digital Assets To List Top 5-7 Cryptos In Planned Expansion

In October 2018, Fidelity announced it would be launching an institutional cryptocurrency trading and storage platform called Fidelity Digital Assets. Fidelity is one of the five largest financial services providers in the world, maintaining some $7.2 trillion in client assets. Now it is looking to expand its crypto asset platform to include trading services for the top five to seven cryptocurrencies aside from the confirmed Bitcoin and Ethereum listings. Tom Jessop, head of Fidelity Digital Assets, spoke about the planned expansion at the Block FS conference in New York on November 29th. “I think there is…

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