Google tokenized stock FTX (GOOGL) is a token of Google stock network. The Google stock permits users to gain a piece of stock utilizing cryptocurrencies or traditional currencies. According to its whitepaper, the tokenized stock is the equities that trade on standard regulated exchanges. In addition to tokenized stocks, FTX also offers tokens on the exchange-traded fund (ETFs), futures, currencies, or other similar products. FTX records tokens on the equities. An ETF is a type of pooled acquisition deposit.
Adding to that, FTX is a cryptocurrency exchange created by traders for traders. FTX aims to provide innovative products that include industry-first derivatives, volatility products, and purchased tokens. The FTX also seeks to expand a platform concentrated on experienced trading firms and automatic for first-time users.
Further, to trade tokenized stocks on FTX, users are supposed to have at least KYC level 2. Every FTX user who trades tokenized stocks tends to pass via Canco GmbH's KYC and compliance. Once the users are at KYC 2, they submit the information to FTX. Moreover, the users cannot trade tokenized stocks on FTX from any of the restricted jurisdictions. Trading futures on tokenized stocks on FTX needs the exact KYC process as trading tokenized stocks themselves.