Summary
- Step Finance announced the acquisition of Moose Capital to expand its tokenization business.
- With this acquisition, they plan to support the tokenization and trading of stocks like NVIDIA and Tesla on the Solana blockchain.
- They stated that they will provide a tokenized stock infrastructure that addresses the issues of geographical accessibility and high fees.
Decentralized Finance (DeFi) platform Step Finance announced the acquisition of tokenization startup Moose Capital.
According to The Block's report on the 12th (local time), Step Finance plans to support the tokenization and trading of corporate stocks like NVIDIA and Tesla on the Solana blockchain through this acquisition.
George Harrap, co-founder of Step Finance, emphasized, "Moose Capital utilizes tokenization licenses in various jurisdictions such as Canada and the UAE. By leveraging this, we aim to provide a tokenized stock infrastructure that overcomes the limitations of existing geographical accessibility and high fees."
YM Lee
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