The Crypto Exchange Kraken, the main distribution partner for Back tokenized Equities Product Xstocks, has partnered with the Trust Wallet, one of the world’s largest crypto wallets worldwide, to expand the reach of tokenized equality to users.
In an announcement on Friday, Kraken Says It “brings interoperable tokenized equities to over 200 million users worldwide” by expanding Xstocks to trust wallet users, who can trade Tokenized equities By backing up, a giver of collateralized onchain assets.
Integration will allow users to trust the wallet to buy and hold 60 different xstocks using different local Fiat currencies. It will also enable deposits and backwards in many chains, including Solana, BNB chain, tron and Ethereum.
“It’s more than just a combination-it’s a paradigma shift,” said Kraken co-Ceo Arjun Sethi. “We speed up the move to a future where global markets operate without boundaries, without obstacles, and with the same openness and accessibility as the Internet itself.”
Xstocks are not available anywhere
Kraken didn’t even develop the development of tokenized equally “directly into the hands of millions.”
Wallet CEO Eowyn Chen’s confidence said the deal was bridge between the web3 and traditional market, as backed co-founder Adam Levi emphasized access to Crosschain as a “good public good.”
However, 200 million trust wallet users who are converted to the announcement may not all be eligible to exchange Xstocks. Security is controlled differently from crypto tokens, and the laws are different from different constituents.
Ross Shem, co-founder and chief operating officer of tokenization company Stobox, previously said that tokenized securities are “dependent on security laws.”
This means that they are asking for your customer’s (KYC) policies and Need to respect investor protection standards. “The only thing they share in crypto is the underlying technology, not the ethos, not the regulation, not the culture,” Shem said.
Kraken himself mentioned that the Xstocks are “not available to the US or the people of us.” The exchange also added that geographical restrictions are in place.
This indicates that the number that is converted to the exchange announcement may overstating the immediate pool of the right users for the new product.
Cointelegraph handed Kraken to comment, but did not get a response by publishing.
Related: Kraken met with the SEC Crypto Task Force to discuss tokenization
Xstocks formed more than $ 4 billion in quantity
From their debut, Kraken said Xstocks formed More than $ 4 billion in the combined volume of trade in centralized and decentralized exchanges, which signed strong demand for exposure to tokenized US capital markets.
So Karken has Roll support for EU-based eligible clients. The company also said the initial control is covering all countries except the US, the United Kingdom, Canada and Australia.
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