Kraken to Launch Tokenized Stock Trading on Solana
- Kraken will offer xStocks to overseas customers via the Solana blockchain.
- The initiative is in partnership with tokenization firm Backed.
- Over 50 U.S.-listed stocks and ETFs will be available for trading.
- xStocks will be represented using SPL tokens, similar to Ethereum’s ERC-20 standard.
- The company aims to provide global access to U.S. equities, addressing current limitations.
Kraken, in collaboration with Backed, is set to offer tokenized U.S.-listed stocks and ETFs on Solana, enhancing global access through xStocks represented by SPL tokens.
Source (2.6)https://decrypt.co/321611/kraken-offer-tokenized-stock-trading-solana-overseas-customers?rand=52368
