
Phoenix Group
@phoenixgroup
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Kraken will launch tokenized U.S. stocks for international users
#Kraken is set to launch tokenized U.S. stocks, like #Apple, #Tesla, and #Nvidia, for international users. These digital tokens backed 1:1 by shares of the actual underlying stocks, called #xStocks, will be available for 24/7 trading on the #Solana blockchain, providing global investors with more affordable and accessible exposure to U.S. equities. Tokens can be stored in digital wallets or used as collateral for cryptocurrency trades.
The service is set to launch in Europe, Latin America, Africa, and Asia in the coming weeks but will be unavailable to users in the U.S.
π wsj.com/finance/currencies/kraken-crypto-exchange-stock-tokens-e4fc1bb9 0 reply
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