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Tesla Stock on a Blockchain Offers Hint of Where Crypto's Headed

  • DX.Exchange plans to offer digital versions of big U.S. stocks
  • Tokenization of real-world assets is a hot trend in crypto
Bloomberg business news
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A digital exchange opening next week will enable investors to trade in companies including Apple Inc., Facebook Inc. and Tesla Inc. outside of the U.S. even when the stock markets are closed.

DX.Exchange, which has offices in Estonia and Israel, will offer digital tokens based on share of 10 Nasdaq-listed companies with plans to expand to the New York Stock Exchange as well as in Tokyo and Hong Kong. Each digital security is backed by one regular share and holders will be entitled to the same cash dividends, even though the companies themselves aren’t involved.