Facebook, Google, PayPal and Tesla Tokenized Stocks Coming to FTX

Digital Assets AG tokenized stocks will be moved from a private blockchain to FTX exchange on Solana’s network to be more efficient and cost effective, the company’s Corporate Development Lead Brandon Williams said.


DAAG’s Corporate Development Lead Brandon Williams.


key takeaways

  • Currently, tokenized stocks can be traded on a singular entity like an exchange or private blockchain network.
  • DAAG’s tokenized stocks will be moved from a private blockchain to Solana’s which will be more efficient and cost effective, the company said.

Swiss-based Digital Assets AG (DAAG), a firm focused on tokenized financial instruments, announced that it is bringing tokenized stocks, including Facebook, Google, PayPal and Tesla, to the Solana network and will launch the first free-floating security tokens through the network on the FTX exchange. 

The company previously used a private blockchain but now its products will be available on FTX exchange in addition to Binance and Bittrex. It has over 60 tokenized stocks issued and around $100 million worth of underlying collateral, said DAAG’s Corporate Development Lead Brandon Williams. 

Popular stocks that will be immediately available for trading include Facebook, Google, Netflix, Nvidia, PayPal, Square and Tesla. 

Tokenized stocks are transferable tokens that represent the value of the respective underlying, like an Apple share, and tokens function similarly to a stablecoin, Williams said. 

DAAG’s tokenized stocks will be moved from a private blockchain to Solana’s which will be more efficient and cost effective, the company said. Solana provides lower transaction fees, high-speed transactions and can enable up to 50,000 transactions per second, while Ethereum is a well-known blockchain for DeFi applications, the average cost for a single transaction on its platform is about $6, Williams said. 

The free-floating tokenized stocks on Solana will allow centralized and decentralized exchanges on the blockchain to be able to add tokenized stock trading to their platforms. So, DAAG’s new decentralized token will be able to be self-custodied, which means customers on FTX can withdraw or deposit their stock tokens to their own digital wallet and trade it 24/7, Williams said. 

“Security tokens and tokenized stock trading provides the same experience as any other electronic trading mechanism,” Williams said. 

DAAG combines liquidity and capital from traditional finance with the crypto industry to make everything related to capital markets more efficient, transparent and reliable, Williams said. 

“There is no reason the settlement of a stock trade should take two days or a company going public should have to spend tens of millions of dollars to get listed on a national exchange. With the ability to use traditional finance products in the DeFi space we enable the crypto industry to develop new products to really use the full potential of the crypto and DeFi industry,” he said. 

One caveat, however, is that citizens or residents of the United States, Iran, North Korea and Syria are not able to hold the tokenized stocks at the moment due to regulatory reasons, but in all other jurisdictions no restrictions apply to access the tokenized stocks, he said. But, with a securities prospectus endorsed by the Financial Market Authority (FMA) of Liechtenstein, DAAG’s tokenized stocks are valid in the European Economic Area (EEA), the company said. 

While the digital assets industry is still in its infancy, “more and more countries and institutions are realizing that it is here to stay, but it needs to evolve and it will,” Williams said. “Reducing the reliance on financial intermediaries while eliminating as much counterparty risk as possible will only help to promote efficient capital markets with deep useful liquidity in the future.”


Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2023

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Research Report Cover Vertex.jpg


The proliferation of new perp DEXs has led to fragmented liquidity across various DEXs and chains. Vertex, known for its vertically-integrated DEX that includes spot, perpetual, and integrated money markets, is now tackling cross-chain liquidity fragmentation through horizontal integration with the launch of new Edge instances. Vertex's integrated offerings and cross-margined account structure amplify the benefits of new instances: native cross-chain spot trading, optimized cross-chain basis trading, consistent interest rates, reduced bridging friction, and more.


I’ve come to the realization that more attention is needed to create and sculpt the digital spaces where we live


The NYSE went down yesterday after a glitch caused a string of erroneous trades. Does DeFi fix this?


Partnering with EtherFi and Angle, the fully on-chain perp DEX features bespoke collateral



Gavin Wood introduced the next evolutionary step for the Polkadot network: the Join-Accumulate Machine, or JAM


The side events were the places to be at Consensus 2024, according to attendees


Also, who’s come out swinging in the spot ether ETF fee war — and who could undercut them