Kraken lands his offer of tokenized actions ‘Xstocks’ in Europe

By Hannah Pérez

Kraken European users can now negotiate more than 50 shares and ETFs of the US market in Blockchain, 24/7 and without the need for intermediaries such as traditional corridors.

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• Kraken Xstocks are now available for European Union users.
• More than 50 shares and ETF of the US market represented in Blockchain.
• Kraken launched its offer in May, initially for Latin America, Asia and Africa.

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He Exchange of cryptocurrencies Kraken It is expanding its offer of tokenized actions, known as “Xstocks“, To the European market As the global interest in traditional financial instruments arises in Blockchain.

Kraken This Wednesday announced the expansion of its innovative offer to the European Union, opening the doors to European investors to negotiate shares and funds quoted in the stock market (ETF) of the US market in the form of tokens in the Blockchain.

The platform Xstocks, Initially launched in May for users in Latin America, Asia and Africa, it marks a milestone in the integration of traditional finances with block chain technology, eliminating traditional investment barriers.

Developed in collaboration with the Fintech Switzerland BACKED FINANCE, the Xstocks They are digital representations of shares and ETF of outstanding companies such as Apple, Nvidia, Tesla, goal and Gamestopas well as popular funds such as the SPDR S&P 500 and the SPDR Gold Shares. These tokens, which initially operate on the network of Solarium, They allow users to negotiate assets 24 hours a day, 7 days a weekwithout the need for intermediaries as traditional runners.

“For too long, it has been unnecessarily difficult to obtain exposure to US markets, and with Xstocks we are eliminating many of these barriers”said Mark Greenberg, global chief of consumption of Kraken. This statement reflects the objective of the platform to reduce friction such as currency conversions, delays in liquidation and high commissions, which have historically limited the access of international investors to US stock markets. UU.

Xstocks: Towards financial democratization

Since its launch in May, Xstocks has registered a volume of trade greater than the USD $ 3.84 billion on centralized and decentralized platforms, according to data from Dune Analytics.

The platform It offers more than 60 tokenized assets, which not only allow fractional property and greater liquidity, but are also compatible with decentralized finance protocols (DEFI). This means that investors can use their Xstocks as collateral or integrate them into defi applications, expanding the investment possibilities.

Kraken He has opted for a multicade approach to maximize accessibility. In addition to operating in Solariumknown for its speed and low costs, the platform extended last month the support to the network of Tronin collaboration with Tron daoand plan to be included in Binance Smart Chain, Ethereum and other high -impact networks such as Inkthe network Blockchain own of Kraken.

“Expand xstocks to three blockchains in less than 60 days shows what is possible when designed for opening from the beginning”, Said Arjun Sethi, co-zo de Kraken.

A booming market with great potential

The Tokenization of real world assets (RWA) are a trend that is gaining ground worldwide, even among traditional institutions, due to its potential to transform financial markets.

According to projections of Boston Consulting Group and McKinsey & Companythe global market for tokenized assets could reach a value of billion dollars for the 2030s, from the more than USD $ 28 billion, according to Rwa.xyz. Only the tokenized shares market has an current value of USD $ 421 million.

Unlike traditional actions, Xstocks They do not grant governance rights such as vote in companies, since they are structured as debt instruments backed by real values ​​guarded by BACKED FINANCE. This allows users to exchange their tokens for cash in a proportion of 1: 1, combining the stability of traditional assets with the flexibility of technology Blockchain.

Competition and challenges on the horizon

Kraken It is not the first to explore this space. Platforms like Robinhood They have ventured into the offer of tokenized values ​​in Europe, although with warnings of some companies, such as OpenAIthat have discouraged the purchase of certain tokens. Despite this, Kraken It is positioned as a strong competitor by offering a product that combines global accessibility, continuous operation and Compatibility with Defi, characteristics that distinguish it from traditional financial platforms.

The expansion of Xstocks To Europe, after its introduction in emerging markets and the recent integration with Tronunderlines the commitment of Kraken for leading the fusion between Wall Street and the crypto ecosystem. Although the offer is not available for users in the United States, it is expected to continue growing in other regions where the demand for access to global markets is increasing.

With this move, Kraken Not only extends its scope, but also promotes a change to more open, decentralized and accessible financial markets, marking the course for the future of global investment.

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Article written with the help of AI, edited by Diariobitcoin

Edited image of USNPLASH, with Kraken logo

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