Hi, traders! Let’s discuss some crypto news. As you know the fundamentals are essentially important in trading. Thus, we’ll try to speak about them more in future. From the latest news, Switzerland-based token issuer Digital Assets AG, or DAAG, has officially launched its stock-tokenization infrastructure on the Solana blockchain, offering users of the FTX trading platform a novel way for accessing traditional equity markets.
During the initial rollout, FTX users who have completed Know Your Customer documentation will have access to 55 free-floating stocks, available 24 hours a day, 365 days a year, Digital Assets AG announced Thursday. That means users in permitted jurisdictions will be able to buy, sell and withdraw the assets at any time. Free-floating stocks are assets that have received regulatory approval to trade on tokenized platforms. As DAAG explained, they represent the number of shares of a given asset excluding locked-in shares, such as those held by company executives. Solana has received tremendous support from investors, venture capitalists and other market participants.
The crypto startup recently raised $314 million from several high-profile investors to expedite the development of its high-performance blockchain. Andreessen Horowitz and Polychain Capital led the raise, with additional contributions from the likes of Alameda Research, Blockchange Ventures, CMS Holdings and CoinShares, among others.
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