Bitcoin exchange Calanobit announced the listing of tokenized shares with zero commissions to expand access to traditional financial instruments. This is according to a press release from the platform.
Calanobit will be the first exchange to add shares of electric car manufacturer Tesla (ticker: TSLA). Holders will be able to buy/sell tokens that entitle them to a portion of the company’s real securities.
Calanobit has promised to expand the list of tokenized shares traded as demand increases. Traders must go through a KYC process because the new product is not available to residents of China, Turkey, the U.S. and some jurisdictions.
Calanobit Exchange will launch the new product jointly with an investment firm and a Swiss platform.