Binance will list Microstrategy (MSTR), Apple (AAPL) and Microsoft (MSFT) Stock Tokens

After Tesla (TSLA) and Coinbase (COIN), Binance exchange will list Microstrategy (MSTR), Apple (AAPL) and Microsoft (MSFT) Stock Tokens on 2021-04-26 (UTC). According to the press release today, Binance will be listing the schedule as below:

  • Microstrategy (MSTR/BUSD) at 2021-04-26 1:30 PM (UTC)
  • Apple (AAPL/BUSD) at 2021-04-28 1:30 PM (UTC)
  • Microsoft (MSFT/BUSD) at 2021-04-30 1:30 PM (UTC)

Stock tokens are tokens that closely track the performance of traditional financial securities, particularly shares of publicly traded companies. Stock tokens are delta-one products that are backed by physical shares. This means for a given instantaneous move in the price of the underlying asset there is expected to be an identical move in the price of the derivative.

Nevertheless, the stock tokens are not shares, but they will entitle the holders to gain exposure to the underlying assets. Unlike traditional equities, though, Binance’s new product can be fractionalized, allowing users to access the particular shares in more affordable units.

Binance partnered with German investment firm CM-Equity AG and Swiss-based Digital Assets AG to offer the tokens.

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