Binance cryptocurrency exchange has announced that it’s going to list the tokenized shares of Apple, Microsoft, and MicroStrategy by the end of April. While MicroStrategy’s token will be tradable from today, Apple and Microsoft stock tokens will be listed on the exchange on April 28 and April 30, respectively.

Binance is Launching Stock Tokens of MicroStrategy, Apple, and Microsoft

On April 26, Binance announced that it’s going to launch the tokenized stock pairings for leading business intelligence firm, Microstrategy (MSTR), in addition to tech behemoths such as Apple (AAPL) and Microsoft (MSFT).

MicroStrategy’s MSTR token is slated to go live at 1:30 pm UTC on April 26, while Apple’s AAPL tokens will launch at the same time on April 28. Meanwhile, Microsoft’s MSFT tokens will be tradable from April 30.

The upcoming listings will bring the total number of stock tokens on Binance to five, following the launch of stock tokens of Tesla and Coinbase shares earlier this month. The tokens will allow the users to trade fractionalized units of the share tokens with a minimum trade sizing set at one one-hundredth of a token.

All the tokenized stocks listed on Binance are going to be denominated in the Binance USD (BUSD) stablecoin.

The crypto platform has further assured that its stock tokens are fully backed by a depository portfolio of underlying securities held by German financial services provider, CM-Equity AG.

Binance Initially Launched Its Stock Tokens on April 12

The stock listed token trading will follow the timings of U.S. market hours and aren’t made available for residents in Mainland China, Turkey, or the United States and other jurisdictions restricted by CM-Equity.

Binance initially launched its first stock token trading on April 12 that allowed its customers to speculate on the price of Elon Musk’s electric car manufacturing company Tesla (TSLA). The exchange also listed fractional shares for rival cryptocurrency exchange Coinbase that recently went public on Apr. 14.

Stock tokens are collateralized and cash-settled in BUSD, meaning there will be no physical redemption of the underlying shares. Similar to FTX, Binance will also offer commission-free trading for the stock-listed tokens.