What Is Uber tokenized stock FTX (TSM)?
Equities are stocks that trade on traditional regulated exchanges. In addition to tokenized stocks, Uber tokenized stock FTX may be offering tokens on ETFs, futures, currencies, or other similar products. Canco GmbH (FTX Switzerland) is an authorized financial intermediary permitted to offer these products. All FTX users who trade tokenized stocks may also become customers of FTX Switzerland, and pass through it’s KYC and compliance.
Furthermore, all trading activity may be monitored for compliance by FTX Switzerland. FTX Switzerland custodies the equities at a third party brokerage firm. Canco GmbH (FTX Switzerland), instead of Uber tokenized stock FTX Trading Ltd, FTX Digital Markets Ltd or other affiliates, provides the brokerage services.
Uber tokenized stock FTX Storage Key Points
|Coin Name||Uber tokenized stock FTX|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
What exactly is traded on FTX?
FTX itself lists tokens on the equities. For instance, ftx.com/trade/TSLA/USD is a market to trade tokens on Tesla stock. These spot tokens are backed by shares of Tesla stock custodied by Uber tokenized stock FTX Switzerland. They can be redeemed with FTX Switzerland for the underlying shares if desired. In the future, there may be other ways to withdraw the tokens from FTX. If you are interested in getting set up to redeem the stocks, please email support.
Who can trade tokenized stocks on FTX?
In order to trade tokenized stocks on FTX, you must be at least KYC level 2. All FTX users who trade tokenized stocks must also pass through Canco GmbH’s (FTX Switzerland’s) KYC and compliance. Once you are KYC 2, you can go to your settings page to submit your information to FTX Switzerland. You cannot trade tokenized stocks on FTX from any of the banned jurisdictions, including the United States. Note that the set of allowed jurisdictions is subject to change.
How do you trade tokenized stocks on FTX?
Mechanically, you trade tokenized stocks the same way you trade other spot markets. Fees, API calls, and GUI instructions are all the same. In order to register for tokenized stocks trading on FTX, go Uber tokenized stock FTX to submit your KYC information to and become a customer of Canco GmbH (FTX Switzerland). Following that, you may be asked to answer some information on your trading experience.
How long does KYC take?
First, you must be KYC 2 on Uber tokenized stock FTX. That can take up to a day. Then, you submit your KYC information to FTX Switzerland. That could be quite fast, but generally takes a couple business days. The process takes substantially longer if you submit incomplete or unclear KYC information. Note that if you have an institutional account on FTX, KYC with FTX Switzerland will likely take at least a day or two. Individual accounts are often faster.
How are corporate actions handled?
Holding tokenized stocks on Uber tokenized stock FTX entitles users to dividends, etc. of the underlying stock. FTX will pursue all reasonable actions to have the tokens on FTX reflect the corporate actions of the underlying equities, including through dividends and stock splits. It is not anticipated that the shares will exercise their voting rights but FTX Switzerland may do so in its discretion.
For listed products, the dividends on FTX will be paid out at 2pm HKT on ex-date. At this time equities are closed, and it’s between after-hours and pre-open trading. They will continue to investigate but for now dividends will be paid out gross of tax, and it will be up to each user to understand the tax consequences of any dividends they receive.