Solana blockchain used by Digital Assets AG to tokenize stocks

Karthik Subramanian

Digital Assets AG, a company that focuses on digitalising stocks, has announced that it has launched its tokenized stocks on the Solana blockchain.


This would be available for trading on FTX for 24 hours a day and a free-floating security token would also be launched by the company. For a long, the trading of many US stocks was restricted to market hours and specific regions and platforms as well. There have been some concerted efforts to truly democratize trading and that can be only achieved if all stocks around the world are available for everyone to trade. The first step to that would be to ensure that the stocks are available 24 hours a day for anyone to trade so that even traders living on different sides of the world would be able to trade them at their convenient time.

The solution for this from the crypto ecosystem has been to tokenize the stocks so that it is available along with the crypto market that operates 24×7. But so far, such stocks have been available only on specific blockchains and private exchanges. This restricts their usage as it becomes difficult to make deposits and withdrawals and if the stocks have to be moved to another exchange or chain, that becomes an issue as well. DAAG says that its free-floating tokenized stocks will allow centralized and decentralized exchanges that are built on Solana to add the trading of these stocks to their platform easily and reliably as well.

For now, the company has said that 55 tokenized stocks are available for trading and that includes some of the biggest names like Facebook, Google, Netflix, and others. For now, they are available for trading in specific regions only due to regulations but the company has said that it is working to expand its reach globally.

This is another leap forward for the Solana blockchain as more and more Dapps get built on the network. It is one of the fastest blockchains around and has been able to develop features that overcome some of the drawbacks that have been seen in the BTC and Ethereum blockchains. It has achieved great interest in the developer and investor community as it pushes ahead with its range of partnerships to help build a complete ecosystem around it. This is seen as a direct challenge to the Ethereum network who’s version 2.0 is expected to be launched in 2022 and cannot come any sooner.

  • Read this next

    Executive Moves

    Admirals appoints founder Alexander Tsikhilov as CEO

    “Striking the right balance between sourcing new talent and developing and harnessing the strength and capabilities of our current workforce, is key to achieving our vision.”

    Executive Moves

    GCEX appoints Ignacio Corral and Helen Man to UK operation

    GCEX has announced the appointment of Ignacio Corral and Helen Man to its UK FCA-regulated operation based in London as the firm further expands its global business on account of increasing demand for its digital prime brokerage services.

    Retail FX, Uncategorized to shut down UK operation after eight months’s UK withdrawal reflects broader market dynamics, where increased competition among retail investing platforms, including newcomers like Robinhood and Webull, pressures companies to consolidate their efforts in their most profitable or strategic markets.

    Industry News

    UK FCA commits to swifter enforcement actions

    “Reducing and preventing serious harm is a cornerstone of our strategy. By delivering faster, targeted and transparent enforcement, we will reduce harm and deter others. We will also make greater use of our intervention powers to stop harm in real time.”

    Digital Assets

    Ultimate Crypto Trading Software: Zent Launches Innovative Platform For All Institutional Needs

    Zent, a pioneering software provider for financial institutions, has unveiled its all-in-one platform for high-speed crypto trading across popular exchanges. The “ultimate tool tailored to institutional teams and trading volumes” offers distinct advantages, eliminating hurdles like delays and market impact.

    Digital Assets

    OKX officially launches Turkish crypto trading platform

    “With a crypto adoption rate close to 50%, Türkiye represents a very dynamic and promising market for the industry as it continues to develop. The population’s high level of engagement and understanding of digital assets makes it an ideal environment for OKX, and we’re strongly committed to helping continue to grow this already vibrant ecosystem.”

    Retail FX

    ZA Bank launches US stock trading service ZA Invest

    ZA Invest provides access to over 6,000 US stocks and 3,000 ETFs, and a promotional USD savings interest rate of up to 10% p.a. for eligible users.

    Podcasts, Women of the Industry

    FF Podcast delves into the rise of prop trading as Brokeree releases Prop Pulse

    In the latest FinanceFeeds Podcast, Tatiana Pilipenko discusses Prop Pulse, Brokeree Solutions’ platform for prop firms and retail brokers aiming to delve into prop trading. Offering a flat fee structure, Prop Pulse emerges as a scalable solution in an era where successful traders increasingly prefer prop firms over traditional retail brokers.

    Retail FX

    Swissquote renews with UEFA for Europa League and Europa Conference League

    “Football stands for passionate competition, the pursuit of triumph, and the spirit of enthusiasm shared by all. These are values that align perfectly with our company and our partnership with customers.”