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DeFiChain will offer tokenized stocks corresponding to the underlying price of listed companies such as Apple Inc., Tesla Inc., Amazon.com Inc. and GameStop Corp., the statement said. The tokenized stocks will be collateralized by cryptocurrencies, which means traders won’t have to go through an intermediary such as a broker.
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“This will open the door to many people who are frustrated by traditional markets,” said Julian Hosp, a co-founder of DeFiChain, in an interview Thursday. “As a community, we’re excited about that.”
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