🔥 KRAKEN BRINGS MORE THAN 200 UK AND EUROPEAN STOCKS ONTO THE BLOCKCHAIN!
📈 Payward – Kraken’s parent company – has expanded its xStocks platform with more than 200 tokenized stocks from the UK and Europe.
Notably, the new list includes all 40 of Germany’s largest companies, including prominent names like SAP and Siemens.
📌 Key highlights:
Trading availability: Eligible users can trade on Kraken and partner platforms. However, investors in the UK are currently not supported.
1:1 backing: Each token is backed by the corresponding real stock, but holders only benefit from price movements and have no voting rights or direct ownership of the underlying stock.
Platform size: xStocks now has more than 1,500 assets, cumulative trading volume exceeding $45 billion, and a market capitalization of around $1.1 billion, making it the third-largest in the market after Binance and Ondo Finance.
Further expansion: Payward plans to add hundreds more stocks from Hong Kong.
Tokenization can help traditional assets access blockchain trading infrastructure, but it is important to distinguish between the two: owning a token representing a stock does not mean directly owning that stock.
#Kraken #xStocks #Tokenization
$AAPLB $NVDAB
📈 Payward – Kraken’s parent company – has expanded its xStocks platform with more than 200 tokenized stocks from the UK and Europe.
Notably, the new list includes all 40 of Germany’s largest companies, including prominent names like SAP and Siemens.
📌 Key highlights:
Trading availability: Eligible users can trade on Kraken and partner platforms. However, investors in the UK are currently not supported.
1:1 backing: Each token is backed by the corresponding real stock, but holders only benefit from price movements and have no voting rights or direct ownership of the underlying stock.
Platform size: xStocks now has more than 1,500 assets, cumulative trading volume exceeding $45 billion, and a market capitalization of around $1.1 billion, making it the third-largest in the market after Binance and Ondo Finance.
Further expansion: Payward plans to add hundreds more stocks from Hong Kong.
Tokenization can help traditional assets access blockchain trading infrastructure, but it is important to distinguish between the two: owning a token representing a stock does not mean directly owning that stock.
#Kraken #xStocks #Tokenization
$AAPLB $NVDAB
