If you like Apple, and you like crypto, good news: Cryptocurrency exchange, preparing to trade token versions of popular reserves, such Like Apple, Tesla and Nvidia. Except, if you are in the USA, that is. id = “h-xstocks”> xstocks
as WSJ explains:
Cracin His new tokens breed with the proprietary name “Xstocks”. They will be deployed on the Solana Blockchain platform. (…) Behind the scenes of the Xstocks tokens will support basic security shares, and Kraken’s partner company supports finances, acquiring new shares as necessary, the companies say. Tokens should be subject to ransom for the cash value of basic securities. Theoretically, this should keep the prices of tokens in accordance with the prices of the relevant shares and ETF.
In practice, this means that Xstocks will behave more like stubs tied to real assets than to real promotions. This will allow users to reflect on the price of Apple or Tesla without any voice rights or receiving dividends. ID = “H-Why-TOKENIZE-Apple-StOCK”> Why tocenize Apple shares? “There is a lot of friction,” said WSJ Kraken-co-author Arjun network. Xstocks seeks to fix this by offering instant settlement and round -the -clock global availability. Yes. And it did not end well.
binance briefly proposed tokenized reserves such as Tesla back in 2021, but after a few months they turned them off after they were faced with regulation pressure. To avoid this script, Kraken says that it works with regulators in each region.
and the landscape has changed. Tokenization is no longer just crypto. This is gradually filled in a financial mainstream. Apple Stock on a blockchain can sound like a niche experiment today, but if companies such as Kraken reproduce it correctly, it really can become the beginning of a new way for global investors to gain access to US assets.
