Distinctive stocks “Wall Street on Blockchain” should exceed

Since traditional financing becomes more intertwined with Blockchain technology, Kraken Corruption Officer said that bringing traditional financial products on Blockchain will not cut it and not the end goal of the distinctive symbol.
Mark Greenberg, the global president of the Kraken Consumer Business Unit, told Cointelegraph that distinctive stocks should go beyond the repetition of Wall Street Onsin systems. Instead, he said they should open new levels of access, programming and global access.
He said it is an opportunity to rethink mainly about how global markets work when it comes to access and interviewing and access to the user to old tools.
“Wall Street cannot be on Blockchain.” This misses this point. He said the shares should “feel the Internet”, which are always, self -equipped and accessible globally.
Rebuilding financial assets to be liquid like encryption
Greenberg said that most old institutions reduce the extent of the transformation that could be the transformation. “This is not only related to the dismantling of old assets in new technology,” Greenberg told Cointelegraph. “It comes to rebuilding financial access to being liquid and programming like encryption.”
He added that retail users should be able to reach global markets in an actual time, with the tools that are booked once the hedge boxes are booked. For developers, the distinctive arrows provide a platform for building applications, just as Stablecoins and DEFI protocols today.
When asked about the role of regulations in the distinctive symbol, Cointelegraph told Kraken that the future of capital markets lies in the open and compatible open infrastructure.
On June 30, Kraken has made a partnership with the subsidized Finance to launch XSTOCKS, a product that allows users Trading more than 60 symbolic stocks.
The product, which allows users to trade stocks such as Netflix, Meta and Coinbase, went directly on Kakeen, Bybit and many decentralized financing protocols (Defi) on Solana.
“With symbolic shares like XSTOCKS, we are building an earsal and authoritable basic layer systems, while ensuring that the assets themselves are committed to clarifying legal frameworks,” Greenberg told Cointelegraph.
He said that this approach gives users decentralization without giving up the protection that the organizers focus on. “The organization must develop to support this balance, not its suppression,” added Greenburg.
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Stock code on ethereum
Regardless of Kraken, Etoro trading platform Plans to launch distinctive stocks. However, unlike Kraken, which uses the Solana network, the company will provide 100 US -shares on ETAREUM.
While companies are racing to the stock icon, ETHEREUM groups work with organizers to create industry standards for distinctive securities.
On July 21, the alignment organizations met from Ethereum with the Securities and Stock Exchange Committee Discuss the criteria that find onchain technology With traditional organizational requirements.
https://www.youtube.com/watch?
magazine: Tradfi builds Ethereum L2S for trillion symbols in RWAS – Interior Story
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