Binance has introduced the first tokenized security for trading on the exchange.
See: https://www.coindesk.com/binance-allows-users-to-trade-tokenized-stock-tokens-starting-with-tesla
This is very cool. I would like to see Binance introduce tokenized Berkshire Hathaway stock next. :)
I would love to hear what Warren Buffett had to say about that.
It would be extremely convenient to sell cryptocurrencies at the end of a bull market and to get into stocks without having to transfer money in and out of platforms. At the end of a subsequent bear market, getting back into crypto could be done with a couple of mouse clicks.
If this is not bullish for BNB, I don't know what is.
Here's a list of assets owned by Berkshire Hathaway:
https://en.wikipedia.org/wiki/List_of_assets_owned_by_Berkshire_Hathaway
These are primarily not tech companies, although Apple is a big chunk of the whole. Berkshire Hathaway also has a very large cash position, which means that its stock should be somewhat shielded from stock market fluctuations. At the end of last year, it had $138 billion worth of cash and short term investments while its market cap was a little north of half a trillion dollars.