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Nasdaq to provide price feed services for DeFiChain's tokenized assets trading.

From a regulatory perspective, tokenized stocks have had a bumpy few months, but that doesn't seem to be deterring legacy financial giants and promoters of decentralised finance (DeFi) from striking new deals.

DeFiChain, a DeFi platform based on the Bitcoin network, will be providing their price feeds from Nasdaq, Finnhub, and Tiingo, according to Bloomberg.

Trading of tokenized stocks that correspond to the underlying pricing of major publicly traded companies is available on DeFiChain such as ,Amazon, Apple and Tesla.

The tokenized equities, like a now-retracted Binance offering earlier this year, can be purchased in fractions rather than forcing investors to purchase a whole, traditional share, which requires custody of a real share certificate.

The tokenized equities are secured by cryptocurrencies, eliminating the need for a middleman, and may also be purchased as decentralised loans. The purchase of a tokenized stock that can be traded 24 hours a day, seven days a week, does not grant ownership of the underlying asset on the bearer; rather, it allows them to profit from price changes in the asset.

DeFiChain's decentralised stock trading system uses DFI, its native currency, as well as Bitcoin (BTC) and USD Coin, a stablecoin tethered to the US dollar (USDC). Julian Hosp, the platform's co-founder, said the "offering will open the door to many people who are disappointed by traditional markets." However, supporters like Hosp will increasingly have to deal with regulators' heightened interest in the DeFi space.

The United States announced last week that The Securities and Exchange Commission has revealed that it is investigating Uniswap, the company behind the world's largest decentralised cryptocurrency exchange. In late July, hundreds of tokens and tokenized stocks have been removed from the platform's listing, citing growing regulatory pressure.

Earlier that month, sales of Binance's popular stock tokens, which represented fractions of equity shares in a company like Tesla and Coinbase, were abruptly halted in response to pressure from Hong Kong's securities regulator and earlier reports that European and British regulators were scrutinising the offering for possible noncompliance with securities laws.