Binance has introduced the first tokenized security for trading on the exchange.
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:
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.
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