How to purchase Square tokenized stock FTX (SQ)
What is Square tokenized stock FTX
What are tokenized stocks?
Equities are stocks that trade on traditional regulated exchanges. FTX lists tokens on select equities. These spot tokens are backed by shares of stock custodied by CM-Equity. They can be redeemed with CM-Equity for the underlying shares if desired.
CM-Equity is fully regulated in Germany, and is a licensed financial institution permitted to offer such products. All FTX users who trade tokenized stocks may also have to become customers of CM-Equity, and pass through CM-Equity's KYC and compliance. Furthermore, all trading activity may be monitored for compliance by CM-Equity. CM-Equity custodies the equities at a third party brokerage firm. CM-Equity (not FTX Trading LTD) provides the brokerage services.
How to buy SQ?
How to buy SQ on Neko Invest app
: Create/Login to your Neko Invest app account
: Go to Market page, click on the Search icon and search SQ in the search bar.
: Click on SQ logo and choose Invest.
: Entering the amount of SQ that you want to buy. Then click on the Get Quotes button.
: Swipe the Swipe to swap button and now you own SQ. You can check your SQ balance in your wallet by going to Wallet page.