The crypto derivatives exchange FTX will soon offer tokenized shares of some of the world’s biggest companies—including Tesla, Apple, Amazon and Alphabet. From next week, fractionalized versions of these tech stocks will be paired against Bitcoin and stablecoins, opening the stock market to a new sub-section of investors.
Algorand-based microequity exchange launches token tracking top tech stocks
Mese.io launched a token that tracks the performance of MSFT, AAPL, TSLA, TWTR, AMZN, NFLX and GOOGL stocks
Mese.io—a microequity exchange based on proof-of-stake blockchain Algorand (ALGO)—has launched a token dubbed MESX that tracks the performance of top tech stocks.
MESE.io brings stock trading to the unbanked
The Microequity stock exchange seeks to give the poor access to a few dollars worth of tech stocks like Tesla and Apple
“Imagine trying to invest a single dollar in a way that would have any tangible return as an asset without being high risk? It’s virtually impossible,” said International Blockchain Monetary Reserve managing director Sinjin David Jung. “Even with financial inclusion, price point accessibility is not enough if the overhead fees of traditional finance are still in place like bank ATMs or agent fees.”