Kraken to offer tokenized US stocks to non-US clients

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Coin Telegraph 12h ago

Kraken to offer tokenized US stocks to non-US clients - Coin Telegraph

Quick Summary:

Tokens representing the stocks will be stored on the Solana blockchain due to its “unmatched performance, low latency and thriving global ecosystem,” the statement said.“The whole point of crypto is that we're able to see things very transparently,” Kraken co-CEO Arjun Sethi said during Solana's Accelerate event on May 22.”It's decentralized.It is open-source.

Crypto exchange Kraken is planning to offer non-US customers the option of trading tokenized US stocks, part of the company’s push to offer more traditional assets via tokenization.

Related: Crypto exchange Kraken exploring $1B raise ahead of IPO: Report Kraken’s tokenization moveReal-world assets (RWA) tokenization has been a central topic in crypto over the past few months.