Core Viewpoint - Kraken is launching tokenized versions of over 50 US stocks and ETFs for non-US customers, aiming to reduce barriers for global investors to access the US stock market [1][2]. Group 1: Tokenized Stocks - The tokenized stocks, referred to as "xStocks," will operate on the Solana blockchain and allow for 24/7 trading [1]. - Kraken has partnered with a fintech company to purchase and hold actual stocks and ETFs, issuing corresponding tokens that maintain price parity with the underlying assets [2]. - The tokens are classified as stablecoins, which are cryptocurrencies pegged to real assets to maintain price stability [2]. Group 2: Regulatory Compliance - To avoid regulatory issues, Kraken's tokenized stocks will not be available to US users, and the company is working with regulators to ensure compliance in various countries [2][5]. - Kraken has implemented three compliance strategies, including legal entity isolation and cash redemption clauses to mitigate risks associated with token price decoupling [5]. Group 3: Investor Rights and Risks - Investors in tokenized stocks will not have voting rights, which is a significant difference from direct stock ownership [6]. - Concerns about asset security and the ability to redeem tokens for actual stocks have been raised by investors [4][6]. Group 4: Market Impact - The issuance of tokenized stocks is expected to enhance liquidity and demand for already listed stocks [8]. - Regulatory bodies like the SEC are adapting to market demands, exploring frameworks for the tokenization of securities, which could transform the securities market [8].
7×24小时随时买卖热门股票 美股代币交易向非美客户开放
Zheng Quan Shi Bao·2025-06-06 17:41