Airbnb tokenized stock FTX is a token version of the Airbnb stock allowing users to acquire a piece of the share or stock using cryptocurrencies. The tokenized stock is available on the FTX platform. According to the website, FTX is a digital-asset-trading platform developed for customers with a user-friendly interface to trade in tokenized stocks.

The FTX platform offers new and innovative products, including industry-first derivatives, options, volatility products, and leveraged tokens. The platform strives to develop a platform robust enough for professional trading firms and intuitive enough for first-time users. It claims to be an exchange platform that is built by traders and for traders. The platform’s mission is to donate to the world’s most effective charities.

As per the website, tokenized stocks aim to offer users a more accessible and cheaper to trade tokenized stocks when compared to real stocks. Also, unlike the stock markets, users can trade tokenized stocks anytime during twenty-four hours. Moreover, the tokenized stocks are backed by a one-to-one ratio to the traditional stocks, providing holders with the same economic benefits of owning as the original stock.

To trade tokenized shares on FTX, users need to meet at least level 2 KYC (know your customer). After completing KYC, users submit information to the FTX platform by going to their tokenized shares KYC page. The FTX platform also collects all KYC documents and IP addresses from the users who wish to register.

Holding tokenized shares on the FTX platform, the users get entitled to dividends on the underlying shares. FTX takes all reasonable actions to have the tokens on FTX reflect the corporate activities of the underlying stock, which also includes dividends and stock splits. Although FTX does so at its sole discretion, the shares provided on the platform are not expected to exercise voting rights.

The FTX platform was founded in 2019. The founders of the FTX platform are Sam Bankman-Fried (CEO) and Gary Wang (CTO). The other team members include Nishad Singh (head of engineering), Jen Chan (chief of staff), Dan Friedberg (regulatory officer), and Can Sun (general counsel).