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Alongside of the FinTech advancement, the ancient method of trading and investment is also taking paradigm shift into tokenized mechanism. The recent instance of this matter has been evidenced by DE exchange who renders specialized services to those whose favourite company stocks such as Apple, Amazon and Facebook could be available on digital tokens.
DX Exchange reportedly appears to be on board with this latest trading facility as they universally broadcasted their announcement on Twitter on January 7th. Thereby, the clients at DX Exchange are enabled to trade on tech stocks using digital tokens in addition to the existing business of popular cryptocurrencies.
Well, the tokenization mechanism hasn’t been the latest, we witnessed umpteen number of instances in the recent trend. Digix also has a DAO governance token (DGD) which allows access to the platform to tokenize any real asset.
We also reported that the U.S. managing director of eToro, Guy Hirsch says that “Late 2018 has seen the cryptocurrency market take a huge tumble, but that has not stymied investors’ interest in the asset class and its potential. Online investors are still keeping their eye on cryptocurrencies, but this survey revealed that there is a serious lack of educational resources available to those who would like to invest in or learn more about crypto. As we move toward a future where assets will become increasingly tokenized, it’s important to give investors access to the resources they need to invest in the assets they want and truly consider crypto-assets as part of their long-term investment plan.”
Elsewhere, the JP Morgan’s application of patent, the U.S. Patent & Trademark Office (USPTO) summarizes a method whereby users on a distributed network such as a blockchain can tokenize assets and trade these virtual depository receipts also.
Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards 47 levels (which is bullish), while hourly USD spot index was at -86 (bearish) while articulating (at 06:58 GMT).
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex
