Kraken and Backed Launch Tokenized Stocks on Ethereum as ERC-20 Tokens

TLDR Kraken and Backed are launching xStocks (tokenized equities) on Ethereum as ERC-20 tokens This follows earlier deployments on Solana, BNB Chain, and TRON that have generated $3.5B in trading volume Eligible Kraken clients can deposit and withdraw tokenized stocks directly on Ethereum Tokens are fully collateralized 1:1 by underlying equities The expansion aims to [...]

The post Kraken and Backed Launch Tokenized Stocks on Ethereum as ERC-20 Tokens appeared first on Blockonomi.