📈 Kraken expands xStocks: adds 200 UK and European stocks, assets exceed $1.1 billion
According to CoinDesk, Payward (Kraken’s parent company) has announced that the xStocks platform has added 200 stocks from the UK and EU markets. Total assets held in xStocks now exceed $1.1 billion.
As for how it works, each xStocks token is backed by an actual stock. However, token holders do not own a stake in the company that issued the stock. Traders should understand this distinction before trading these assets.
The expansion into UK and EU stocks shows that tokenized stocks are gaining momentum beyond just US-listed names. A value of over $1.1 billion also suggests there is significant demand for this type of product. However, the report did not provide further details about the list of stocks or trading volumes, so it’s worth keeping an eye out for more official information.
Do you think tokenized stocks will become a major segment of crypto, or will they remain a niche market? (Not investment advice)
#hoangducinvest #Kraken #xStocks #RWA
Source: CoinDesk
According to CoinDesk, Payward (Kraken’s parent company) has announced that the xStocks platform has added 200 stocks from the UK and EU markets. Total assets held in xStocks now exceed $1.1 billion.
As for how it works, each xStocks token is backed by an actual stock. However, token holders do not own a stake in the company that issued the stock. Traders should understand this distinction before trading these assets.
The expansion into UK and EU stocks shows that tokenized stocks are gaining momentum beyond just US-listed names. A value of over $1.1 billion also suggests there is significant demand for this type of product. However, the report did not provide further details about the list of stocks or trading volumes, so it’s worth keeping an eye out for more official information.
Do you think tokenized stocks will become a major segment of crypto, or will they remain a niche market? (Not investment advice)
#hoangducinvest #Kraken #xStocks #RWA
Source: CoinDesk