Coinbase tokenized stock Binance price 

COIN

Unlike traditional stocks, users can purchase fractional shares of the listed companies with stock tokens. For instance, for a Tesla share that trades at over $700 per share, stock tokens enable investors to buy a piece of the underlying share (e.g., 0.01) instead of the entire unit. In addition, Binance does not charge a commission for stock token transactions, offering traders the opportunity to save money on fees. Token holders will also enjoy benefits such as dividends and other economic benefits of holding the underlying stock. However, token holders are not entitled to voting rights.

Stock tokens are denominated, settled, and collateralized in BUSD; this makes the calculation of returns easier and quicker in fiat. Tokens are cash-settled, meaning there will be no physical redemption of underlying shares. Stock tokens are created on collateral held by a third party. Therefore, each token represents a share in a publicly listed company. This way, the token’s price is pegged to the price of the underlying shares.