Kraken to offer tokenized US stocks to non-US clients 📈
Crypto exchange Kraken is expanding its offerings by introducing tokenized US stocks for non-US customers, leveraging the Solana blockchain. This move aims to enhance transparency and performance in trading traditional assets, following a successful expansion in the US market.
The initiative marks a strategic shift as Kraken aims to compete with bigger brokerages like Robinhood rather than just crypto-native exchanges. Tokenization is gaining popularity, offering lower costs and wider investment access.
Real-world asset tokenization, including private credit and US Treasurys, has seen substantial growth, impacting the market landscape and attracting exchanges and firms.
Source: cointelegraph.com ↗
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