Based on the latest announcement from the FTX exchange – where ONUS takes liquidity for tokenized shares, Tesla (TSLA) will perform a token split and migrate to the new TSLA in the ratio 3:1 (1 old TSLA = 3 new TSLA).
To support this token split, ONUS has halted all features for TSLA assets, including: Off-chain, Exchange.
Maintenance time: From 08:00 UTC August 25th
After the maintenance period:
- The entire amount of TSLA in circulation before August 25th, at 6:00 AM UTC, will be converted to new TSLA tokens at a ratio of 3:1(1 old TSLA = 3 new TSLA).
- Customers who buy TSLA after August 25th, at 6:00 AM UTC, will keep the amount of tokens purchased.
- All features of TSLA 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.