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Tokenization becomes eye-catchy in 2019 - Apple, Facebook tokens accessible through Abra platform

Despite the downturn of the cryptocurrencies that is observed in the past year, may have caused apprehensions for aspirant cryptocurrency investor, we kept reiterating that the buzz world, ‘tokenization mechanism’ is quite distinctive. 

Symbiont, a blockchain technology company, raised by a round of funding about $20 million that has been led by Nasdaq.

The company is in the business of developing distributed ledgers and smart contracts for the capital markets’ operations. The two companies have partnered to bring compliant security tokens to the United States. That is how Nasdaq is intending to access the gamut of blockchain driven-securities.

No central authority issue ‘exchange tokens’, nor backed by them. Please be noted that these tokens are utilisable directly as a means of exchange. The security denoting “exchange tokens can be used as a means of exchange, they are not currently recognized as legal tender in the UK, and they are not considered to be a currency.” Currently, exchange tokens do not fall within the regulatory perimeter of the FCA.

Elsewhere, Abra, the renowned cryptocurrency exchange and wallet service provider has now come up with brand service of purchasing shares/securities and ETF (Electronic Traded Funds) against Bitcoin.

Trade conventional stocks with tokens:

Abra appears to be a ‘trend-setter’ in the prevailing crypto gamut, their platform announces the registration for investors across the globe, as per the sources, according to which, new conventional assets with tokens are available for investors’ classes.

Abra is going to be the pioneer in the crypto-space and investment universe to offer such specialized service, enabling more cryptocurrencies and fiat currencies. 

Abra’s all in one platform to access stocks, fiat, crypto, and ETF contain the stock from major companies including Amazon, Apple, Facebook, Netflix, Google. On top of all commodities like SPDR Gold Trust, shares of ETFs like Vanguard Growth and the S&P 500. Besides this, Indexes like the Russell 2000 by keeping Bitcoin at the core.

Bill Barhydt, the CEO of Abra stated that “they begin with popular US stocks and ETFs and add more global assets going forward. All the great features for investing in cryptocurrencies and fiat currencies remain fully integrated as well.”

Currency Strength Index: FxWirePro's hourly BTC is at -56 (bearish), hourly USD spot index is inching towards 93 levels (bullish), while articulating at 11:53 GMT. 

For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex

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