‘Wall Street on a blockchain’ isn’t tokenization endgame: Kraken exec
Main Idea
Kraken executive Mark Greenberg argues that tokenized equities should not merely replicate traditional Wall Street systems on blockchain but should enhance accessibility, programmability, and global reach.
Key Points
1. Tokenized equities must go beyond replicating Wall Street systems onchain and should unlock new levels of accessibility, programmability, and global reach.
2. Kraken partnered to offer more than 60 tokenized stocks, allowing users to trade stocks like Netflix, Meta, and Coinbase on Kraken, Bybit, and DeFi protocols.
3. Kraken's approach involves building base-layer systems that adhere to clear legal frameworks, providing users with programmable and compliant open infrastructure.
4. eToro plans to launch tokenized stocks on Ethereum, unlike Kraken which uses the Solana network, aiming to tokenize 100 U.S. securities.
Description
A Kraken executive told Cointelegraph that tokenized equities shouldn’t just copy Wall Street onto the blockchain but reinvent how users access financial assets.
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