Very like FTX listed pre-IPO Airbnb inventory on its platform, it has listed Coinbase as effectively. FTX is providing “CBSE” contracts forward of the “COIN” ticker image Nasdaq debut.
FTX notes that these aren’t tokenized shares or a digital fairness consultant of an organization’s future inventory. Within the case of tokenized shares, shares are issued as digital belongings (like cryptocurrency). As an alternative, FTX is providing contracts that monitor Coinbase’s market capitalization. When Coinbase really goes public via a direct itemizing by April 14, these contracts will convert into tokenized fractional shares primarily based on the quantity of fairness every investor holds.