Kraken will offer tokenized actions from Apple, Nvidia, Tesla and more in Latin America
By Canuto
Kraken’s new offer of shares and ETF tokenized will be available for users in Europe, Asia, Africa and Latin America in the coming weeks. The tokens “Xstocks ”will be based on Solana.
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- Kraken will offer Xstocks: tokens that represent more than 50 American actions and ETFs.
- Tokenized actions are launched on Solana, backed by real values maintained by Backed Finance.
- The offer will be available for investors outside the US, starting with Latin America and Europe.
- It is part of Kraken’s plans to expand towards traditional finances.
Kraken He is jumping beyond cryptocurrencies towards traditional finances of the hand with technology Blockchain.
The exchange of cryptocurrencies based in San Francisco has planned to start offering financial instruments of the American traditional stock exchange, such as actions and funds quoted in the stock market (ETF), to global investors.
Specifically, customers of Kraken They can begin to negotiate tokenized shares of companies such as Nvidia, Apple, Teslaas well as ETF that are traded in the US Stock Exchange, the news agency reported first Wall Street Jornal.
More than 50 shares and ETF will be available for negotiation from the platform, Starting in markets such as Europe and Latin America. Investment vehicles will be offered in the form of tokens on the network Solariumunder the name of “Xstocks”
Kraken Lanza Xstocks: Tokenized shares available 24/7
Tokenization, a growing trend within the financial sector, consists of converting real -world assets, often financial instruments such as actions or bonds, in digital representations (tokens) housed on a Blockchain. This offers greater accessibility, liquidity while allowing negotiation globally and any time of the day.
Kraken It will offer your Shares trade service uninterruptedly, allowing users to buy and sell Xstockswhich will represent popular actions and funds such as the ETF of SPDR S&P 500 and the ETF of SPDR Gold Shares, which provide direct exposure to the popular S&P 500 index and gold, respectively.
Unlike traditional values markets, where the schedule of operations is restricted to specific days and hours, tokenized actions will be available to be negotiated during the 24 hours of the day and 7 days a week. This opens the doors to investors from all corners of the planet, eliminating temporary and geographical barriers.
The issuance and management of these digital assets will run on the Blockchain of Solariumknown for its low rates and high transaction speed. Behind the support of each token is BACKED FINANCEwhich will be in charge of keeping real values in custody allowing users to redeem their 1: 1 tokens for cash.
“Backed is delighted to present Xstocks, a new line of more than 55 tokenized and ETF actions, which will soon be released in Kraken and will integrate with the best Defi de Solana applications“, Said the entity in a statement.
Global expansion and competition in the financial industry
This initiative places Kraken In direct competition with traditional Fintech platforms such as Robinhoodknown for creating accessibility to stock market investments, but restricted by conventional hours and operation territories.
The last release of Kraken It is not an isolated event, but the continuation of an expansion process that began months ago to provide access to both cryptocurrencies and traditional Wall Street assets from one place.
In April, the company had announced plans to offer its customers access to shares and ETF quoted in the United States market. At that time, the Exchange He released a collaboration with Alpaca to display operations without commissions for more than 11,000 stock stock actions and funds quoted in the stock market.
Although that offer was presented for users in the United States, the new launch will exclude customers in that country to cover regions such as Latin America, Europe, Asia and Africa, and is expected to be released in the coming weeks.
This advance could mark the beginning of a paradigm shift for cryptocurrencies and their merger with traditional financial markets, representing a new stage for both the industry and for the investors of the sector.
Article written with the help of AI, edited by Hannah Pérez / Diariobitcoin
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