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Kraken Exec Says Tokenized Stocks Will Let You ‘Buy Coffee with Tesla’
Cryptocurrency exchange Kraken is taking a big swing at the emerging market for tokenized equities, launching a product called xStocks — 24/7, permissionless, and non-custodial tokenized stocks available worldwide.
“First, so xStocks are tokenized stocks. They're 24-7, non-custodial, permissionless, available anywhere. And we've launched a few months ago the first 60 of them, offering them on the Kraken platform through much of the world and hopefully in Europe soon,” said Mark Greenberg, Vice President and General Manager, Consumer Product and Business at Kraken.
Currently, the product is available in Kraken’s “rest of world” markets, spanning Latin America...