Kraken Parent Company Makes Moves to Offer xStocks From Global Markets
DECRYPT ·
Payward and GTN aim to expand xStocks beyond U.S. markets into equities from Hong Kong, the U.K., Europe, and South Korea. GTN will provide execution, custody, and record-keeping for the assets underlying each new token; institutional distribution follows pending regulatory approval per market. The move puts xStocks in direct competition with Robinhood Chain, Coinbase's planned tokenized offering, and Nasdaq's own tokenized equities gateway. Payward, the parent company of crypto exchange Kraken, teamed up with global fintech GTN on Wednesday to push xStocks outside the U.S. market for the first time. At the moment, xStocks only come in the form of U.S. equities, but are only available for trading to investors outside the United States. This move would expand the offering to equities from other markets around the world. Kraken’s xStocks are blockchain-based tokens, each backed one-to-one by a real company share held in regulated custody. Extending their reach beyond U.S. equities is a move to take tokenized stocks, a buzzy sector in the crypto market, to the next step.
AI 시장 분석
xStocks plans to expand into the stock markets of Hong Kong, UK, Europe, and Korea, which will put it in direct competition with Robinhood Chain, Coinbase's Tokenized Offering, and Nasdaq's Tokenized Stock Gateway.
상승 영향
- Electric Vehicles — xStocks' expansion will provide opportunities for entry into key global markets, which is expected to have a positive impact on the electric vehicle industry. Additionally, xStocks' expansion will enable investors to enter key global markets, providing them with new opportunities.
하락 영향
- Oil — xStocks' expansion will increase investors' sensitivity to oil price fluctuations as they will have more opportunities to invest in key global markets.
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