- Major financial institutions are partnering to develop and participate in tokenized asset markets and money market funds.
- Financial firms like BlackRock, Kraken, and Robinhood are expanding into tokenized assets and digital money market strategies across Europe.
- Kraken is facing competitive pressure from new tokenized equity platforms, with tokenized assets moving away from its platform.
Tokenized EU Equities Expand Beyond US Listings on Kraken and Ink
What happened
Payward Services launched its tokenized equities framework, expanding beyond US listings to include UK and European publicly listed assets. The framework, developed by GTN xStocks, now covers over 200 actively traded companies in the UK and EU. These assets are available to trade on Kraken and other platforms, embedded in DeFi ecosystems like Ink.
From finanznachrichten.de
Why it matters
This expansion significantly broadens the tokenized equities market beyond US listings. By ensuring tokens are backed 1:1 by underlying shares held at a regulated custodian, the framework opens a new demand channel for traditional public listings.
Kraken is facing competitive pressure from new tokenized equity platforms, and financial firms are expanding into tokenized assets and digital money market strategies across Europe.
From finanznachrichten.de
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- InkSpeculative
Ink may see increased demand for its DeFi ecosystem as new tokenized EU assets are embedded within it.
- London Stock ExchangeSpeculative
London Stock Exchange could see increased demand for its UK public listings due to the tokenization framework.
Keep exploring
The entities involved
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Kraken
cryptocurrency exchange
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Ethereum
public blockchain platform with programmable transaction functionality
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Ink
UK business
Nothing else this week.
Related events
- Binance is offering tokenized assets on the Ethereum network, while Robinhood is simultaneously enabling tokenized stock trading.
- Tokenized stocks are being offered and traded across various blockchains, involving major platforms like OKX, Ethereum, and Solana.
- A new protocol utilizing Solana and Ethereum provides a centralized gateway for trading tokenized US stocks, involving Ondo Finance and OKX.