Recently, the Binance blog posted a message that shares of major global companies, such as Microsoft, Apple, and MicroStrategy, will be presented on the platform as tokenized shares. MicroStrategy tokenized shares arrived on the platform on Monday, and Apple shares became available on April 28th. Microsoft tokenized shares went online on April 30th.
The meaning is that the Binance users will be able to claim economic returns on the underlying stock, including possible dividends.
According to the platform's official announcement, the tokens will only be available for trading during traditional trading hours. Residents of China, Turkey, the United States, and other limited jurisdictions can't buy or own it.
Security Tokens (STO) can uniquely benefit investors and companies. The main advantages for companies and private investors are:
Companies can raise funds for a specific project or division, so there's no need for investors to place a bet on the whole company at once;
- Firms are more flexible as STOs allow them to define the rights and conditions of token ownership. STO has a low investment entry because tokens can be split into pieces. This will help companies attract many global investors, including risk-averse individuals.
- So, individuals can only buy part of a share instead of buying a whole share.