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Fake Tesla, Apple, Amazon stocks have started trading on blockchains

The synthetic shares join a strange new world of assets, such as digital artwork and highlights of NBA games now trading on blockchains

Blockchain is a list of records or transactions, similar to a ledger, that keeps growing as more entries are added
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Michael P Regan | Bloomberg
For years, the powers that be on Wall Street have toyed with questions about whether it would be feasible to move the stock market onto a blockchain, the underlying technology behind cryptocurrencies.

The innovators in the fast-moving world of decentralised finance — or DeFi — aren’t waiting around to see how those discussions unfold. Instead, they’ve built synthetic versions of equities that track some of the world’s biggest companies. In essence, the anti-establishment ethos of the crypto world is being applied to a rough facsimile of the stock market.

Fake versions of Tesla, Apple, Amazon.com, and other big stocks, as well as