Facebook tokenized stock FTX logo

Facebook tokenized stock FTX

FB

Price
$90.00
12/1/2022, 7:17:12 AM
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Facebook tokenized stock FTX price is unchanged in the past week.

The current price is $90.00 per FB. The new price represents a new all time high of $90.00.

About

What IsFacebook Tokenized Stock FTX (FB)?

Facebook Tokenized Stock FTX (FB) is a token version of the Facebook stock allowing users to acquire a piece of the stock using cryptocurrency or traditional currencies. The tokenized stock is available on FTX, an advanced digital asset trading platform developed for customers with an easy-to-use interface. 

FTX is a cryptocurrency exchange developed by traders. FTX offers new and innovative products, including industry-first derivatives, options, volatility products, and leveraged tokens. The platform strives to develop a powerful platform for professional trading firms and be intuitive enough for first-time users.

As per the website, tokenized stocks aim to offer users the following: 

  1. Easier and cheaper to trade tokenized stocks vs. real stocks. 

  2. Unlike the stock market, users can trade tokenized stocks 24/7. 

  3. Tokenized stocks are backed 1:1 to traditional stocks, entitling holders to the same economic benefits of owning the underlying stock.

All FTX users who trade tokenized shares also become customers of FTX Switzerland and pass its KYC and compliance. Additionally, FTX Switzerland monitors all trading activity for compliance. FTX Switzerland also hosts shares of third-party brokerage firms. 

To trade tokenized shares on FTX, users need to meet at least level 2 KYC. After completing KYC, they submit information to FTX Switzerland by going to their tokenized shares KYC page. Users should not be members of one of the FTX's restricted jurisdictions, including the United States. FTX collects all KYC documents and IP addresses from the users.

Holding tokenized shares on FTX entitles users to dividends on the underlying shares, etc. FTX takes all reasonable actions to have the tokens on FTX reflect the corporate actions of the underlying stock, including dividends and stock splits. Although FTX Switzerland does so at its sole discretion, these shares are not expected to exercise voting rights.

History of Facebook Tokenized Stock FTX (FB)

The CEO and founder of FTX is Sam Bankman-Fried. The other team members include Gary Wang, the CTO and founder; Nishad Singh, the head of engineering; Jen Chan, the chief of staff; Dan Friedberg, the regulatory officer; and Can Sun, the general counsel. 

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Last update: 7:17 AM

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FAQ

What is the current price of Facebook tokenized stock FTX?

The price of 1 Facebook tokenized stock FTX currently costs $90.00.

What other assets are similar to Facebook tokenized stock FTX?

Assets that have a similar market cap to Facebook tokenized stock FTX include Ethereum, Ethereum 2, Tether, and many others. To see a full list, see our comparable market cap assets.