raininess pfp
raininess
@raininess
Crypto KOL @_FORAB explains how platforms like Kraken and Bybit enable stock trading with crypto. A Swiss parent company controls Backed Assets in Jersey. They buy stocks via IBKR Prime, then store them in Clearstream, a German depository. After purchase, Solana smart contracts mint tokens 1:1 (e.g., 1k TSLA shares = 1k TSLAx tokens). Backed manages the token contract. Exchanges list these tokens. Holders can redeem them for real stocks through Backed. This completes the stock-to-crypto fl
0 reply
0 recast
0 reaction