Goldman Sachs Discloses $1.1B Position In Bitcoin Holdings
Kraken-backed tokenized stocks are making their debut in the European Union, marking a significant milestone for institutional crypto adoption. The xStocks tokenized equities launch on 360X enables Deutsche Börse Group clients to trade five tokenized securities against stablecoins in a fully regulated environment.
Kraken-backed tokenized stocks now available on 360X
The Kraken-backed tokenized stocks platform xStocks is now tradable on 360X, a BaFin- and ESMA-regulated secondary venue owned by Deutsche Börse Group. This regulatory approval allows institutional clients on 360X to trade CRCLx, GOOGLx, NVDAx, SPYx, and TSLAx against stablecoins, providing secure access to traditional equity markets through blockchain technology.
What makes Kraken-backed tokenized stocks unique
The listing of Kraken-backed tokenized stocks follows months of regulatory preparation and compliance work. These tokenized securities represent ownership in real-world stocks while benefiting from blockchain’s 24/7 trading capabilities, instant settlement, and fractional ownership options. Institutional investors can now diversify their portfolios with Kraken-backed tokenized stocks while maintaining regulatory compliance under European financial law.
The integration of Kraken-backed tokenized stocks into Deutsche Börse Group’s infrastructure signals growing mainstream acceptance of tokenized assets in traditional finance. This development positions Europe as a leader in regulated digital asset markets and provides a blueprint for similar initiatives globally.
Sources: CoinDesk, CoinGecko, Bloomberg
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