Have you ever wondered: why can’t I exchange actions at 2 am? Why is it still as difficult and expensive to access American actions from outside the United States? Can’t repair Crypto?
The truth is simple: traditional finance (tradfi) has not followed the rhythm of innovation. The global markets still operate on obsolete rails, with limited hours, high fees and friction layers that exclude far too many people. We consider the crypto revolution as a disruptive force that can solve the financial problems of the real world – and token actions are the next border.
Today we are Excited to announce that Kraken will soon offer XSTOCKS – A new brand of exciting tokenized actions developed by supported – customers in certain non -American markets in the world.
These customers will be able to expose themselves to several popular American actions and ETF listed, delivered in the form of SPL tokens on the Solana blockchain. These XSTOCKS active ingredients can be exchanged both on our platform as well as on compatible portfolio suppliers, allowing users to take advantage of their XSTOCKS in guarantee in a way that is simply not possible via Tradfi.
“We reinvent actions and inaugurate actions and inaugurate a new wave of customer demand for better alternatives to the status quo,” said Mark Greenberg, World Consumer Manager. “Access to traditional American actions remains slow, costly and limited. With XSTOCKS, we use blockchain technology to offer something better – an open, instant, accessible and borderless exhibition to some of the most emblematic companies in America. This is what the future of investment looks like. ”
This decision marks an important step in our wider strategy to fill Tradfi and Crypto. It follows our recent deployment of merchants for American customers, giving millions of Americans access to more than 11,000 shares and ETF listed in the United States directly in the Kraken application. We plan to extend this offer to customers in the United Kingdom, Europe and Australia soon.
With XSTOCKS, we go to the next step: democratize access to actions on a global scale. We plan to regularly broaden both the range of token assets and the courts where the XSTOCKS are available, unlocking global access to stock markets like never before.
Stay listening – The next generation of equity investment is just beginning.
These documents are for general purposes only and are not investment advice or a recommendation or solicitation to buy, sell, enforce or maintain a cryptoasset or to engage in a specific negotiation strategy. Kraken makes no representation or guarantee of any kind, express or implicit, as to accuracy, exhaustiveness, speed, relevance or validity of this information and will not be responsible for errors, omissions or delays in this information or any loss, injury or damage resulting from its display or use. Kraken does not work and does not work to increase or decrease the price of a particular cryptocurrency that it makes available. Some cryptographic products and markets are regulated and others are not regulated; Be that as it may, Kraken may or may not be obliged to be recorded or otherwise authorized to provide specific products and services on each market, and you cannot be protected by governmental remuneration and / or regulatory protection plans. The unpredictable nature of cryptocurrency markets can cause loss of funds. The tax may be payable on any declaration and / or on any increase in the value of your cryptocurrency and you should request independent advice on your tax position. Geographic restrictions can apply. Not available in the United States, see legal disclosure for each jurisdiction here.
The value of an investment can drop as well as past and past performance is not a reliable indicator of future results. Read the basic prospectus and the related final terms for XSTOCKS (available on sustained) to find out more.
