TechFlow, May 25 — According to Crowdfund Insider, cryptocurrency platform Kraken announced a strategic partnership with tokenized stock issuer Backed and the Solana Foundation to launch xStocks, aiming to provide global investors with tokenized U.S. equities and ETF investment opportunities.
xStocks will initially deploy digital versions of U.S.-listed stocks and ETFs as SPL tokens on the Solana blockchain, with the first batch of tokenized assets made available through the Kraken app to qualified customers in select non-U.S. markets.
"We are reimagining equity investing by delivering an open, instant, and borderless experience through blockchain technology," said Mark Greenberg, Kraken's Global Head of Consumer.
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