The Crypto Exchange Kraken met with the US Securities and Exchange Commission’s Crypto Task Force on Monday to discuss the tokenization of traditional possessions and a tokenized trading system.
A memorandum filed on Monday mentioned The SEC staff met with four representatives of Payward, Inc., Kraken Securities LLC, and two from law firm Wilmer Cutler Pickering Hales and Dorr LLP.
The agenda is to discuss the tokenized trading system, the framework of regulation and legal requirements for system operation and the potential benefits of tokenization.
The Kraken’s Sec meeting arrived at a time when traditional associations in the exchange industry and global regulator SEC has been encouraged to take a tighter regulatory approach toward tokenized stock.
Associations argue that there is a lack of investor protection protections present in the traditional market.
Tokenized stocks usually do not depend on the restrictions of the traditional markets and can be exchanged 24/7. Kraken and Robinhood are the two well -known platforms that offer these services.
Kraken Its Tokenized Stock Service announced on May 22That allows investors not US to buy the equally of us around the clock.
Robinhood started offering tokenized stocks of US equities to users at European Union on June 30.
On Wednesday, Kraken announced that it had Expanded the tokenized stock product in the Tron Blockchain.
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Tokenized stocks are still in the early stages
Currently, tokenized stocks are in a nascent stages of growth.
The total amount of all tokenized stocks in circulation currently stands at $ 360 million, down 11% in the past 30 days, According to To RWA.XYZ.
It represents a 1.35% of all the real possessions of the world (RWAs) that are -old, which is almost $ 26.5 billion The value of RWW is currently onchain.
According to Binance Research, tokenized stocks represent a trillion-dollar opportunity. If 1% of the entire global equities market gets tokenized, the sector can be forced to Exceed $ 1.3 trillion marks in market capitalization.
A Kraken Survey Released last week revealed that 65% of 1,000 US investors invested in both equality and Crypto hopes that cryptoes are more than equities over the next decade.
In July, Mark Greenberg, Kraken’s global unit of business unit, told Cointelegraph that Tokenized stocks must offer new levels Accessing, programmability and global reach instead of simply replicating the Wall Street System Onchain.
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