Feed: Slashdot
Feed Link: https://slashdot.org/
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Title: Kraken Launches Digital Tokens To Offer 24/7 Trading of US Equities

Link: https://news.slashdot.org/story/25/05/23/2135...

Kraken is launching tokenized versions of U.S. equities for 24/7 trading
outside the U.S., giving global investors blockchain-based access to major
companies like Apple and Tesla. Reuters reports: Tokenization refers to the
process of issuing digital representations of publicly-traded securities.
Instead of holding the securities directly, investors hold tokens that
represent ownership of the securities. The tokens' launch outside the U.S.
comes amid growing interest in blending traditional finance with blockchain
infrastructure. While tokenized securities have yet to gain widespread
adoption, proponents say they hold the potential to significantly reshape how
people access and invest in financial markets. In a January opinion piece for
the Washington Post, Robinhood CEO Vlad Tenev said tokenization could also
allow retail investors to access private companies' stocks. Kraken's tokens,
called xStocks, will be available in select markets outside the United
States, it said, without naming the markets. The move was earlier reported by
the Wall Street Journal. The offering is currently not available for U.S.
customers.

Read more of this story at Slashdot.

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