Kraken Bridging Traditional Stocks to Ethereum with xStocks

Kraken and Backed are shaking up finance by launching xStocks on Ethereum, bridging traditional stocks with the DeFi world! Eligible Kraken users can now deposit and withdraw tokenized stocks on Ethereum, backed 1:1 by real equities, opening access to thousands of DeFi applications. With xStocks already seeing billions in trading volume, this move to Ethereum offers unprecedented flexibility, despite regulatory hurdles in the evolving landscape of tokenized real-world assets. Hosted on Acast. See acast.com/privacy for more information.