Kraken plans to launch tokenized trading of US stocks, allowing non-US users to buy and sell major stocks like Tesla 24 hours a day
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The American cryptocurrency exchange Kraken announced that it will launch tokenized versions of over 50 U.S. stocks and ETFs in the coming weeks, targeting non-U.S. customers. The tokens will be based on the Solana blockchain, supporting 24-hour trading, aimed at lowering the barriers for global investors to enter the U.S. stock market. Kraken is collaborating with Backed Finance to ensure that the tokens are aligned with the actual stock prices and can be redeemed for cash. This service is not open to U.S. users to avoid regulatory issues, marking the integration of traditional finance and cryptocurrency
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