The exchange of crypto based in San Francisco Kraken provides tokenized versions of popular stocks listed in the United States and funds on the stock market (ETF) to its customers on certain non-American markets.
In a press release, Kraken said that he had established a partnership with tokenized actions and supported ETF issuers to launch XSTOCKS on the Solana Blockchain (Sol).
XSTOCKS, a brand of tokens actions developed by supported, operates the blockchain technology to offer tokenized versions of listed actions in the United States.
Said Kraken Global, Mark Greenberg consumption manager,
“”Access to traditional American actions remains slow, expensive and restricted. 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. »»
Kraken says that XSTOCK active ingredients will be issued in the form of SPL tokens, the standard token format on Solana blockchain, and will be available for eligible customers via its application.
“These XSTOCK 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.”
Kraken says that Solana is selected as Xstocks launch chain due to the performance of the blockchain, the low latency and the prosperous world ecosystem.
The exchange indicates that it plans to extend the range of token workers and the jurisdictions where XSTOCKS is supported.
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