Based on the latest announcement from the FTX exchange – where ONUS takes liquidity for tokenized shares, Google (GOOGL) will perform a token split and migrate to the new GOOGL in the ratio 20:1.
To support this token split, ONUS has halted all features for GOOGL assets, including: Off-chain, Exchange and Credit Line.
Maintenance time: From 02:00 UTC July 18
After the maintenance period:
- The entire amount of GOOGL in circulation before July 17, at 8pm UTC will be converted to new GOOGL tokens at a ratio of 20:1 (
- Customers who buy GOOGL after July 17, at 8pm UTC will keep the amount of tokens purchased.
All features of GOOGL assets will be reopened at the time when the migration is complete. ONUS will make an announcement.
About tokenized stock
Currently ONUS is listing tokenized stocks – stocks that are traded on traditional exchanges, and those that are tokenized and listed on the FTX exchange. These tokens are backed by securities shares that are overseen by CM-Equity, and they can be redeemed with CM-Equity if desired.
ONUS presents as a support platform to transfer users’ buy/sell orders to the FTX exchange.