KRAKEN to offer US shares to non-American customers

The Crypto Exchange Crackon is planning to offer options for trading of tokens to non-American customers, which is part of the company’s push to offer more traditional assets via tokens.

According to a statement shared with cointelegraph, the products will be introduced through a new cracon partner. The statement stated that the tokens representing shares will be stored on Solana blockchain due to their “unmatched performance, low delay and rich global ecosystem”.

“The entire point of Crypto is that we are able to see things very transparently,” said Crackon cum-CO Arjun Sethi during the rapid incident of Solana on 22 May. “It is decentralized. It is an open-source. You can innovate as soon as possible, and there is no reason that companies like us cannot do it to do so.”

The decision to incorporate more traditional investment options may indicate a shift by Crackon to compete less with a copybase such as crypto-country exchanges and more with large brokerage such as Robinhoods, which offer a wide range of investment options.

Crackon on 14 April Exchange-traded funds and stock trading For American customers located in New Jersey, Connecticut, Vyoming, Oklahoma, Idaho, Iowa, Road Island, Kentaki, Alabama and Columbia districts.

In 2021, the Cryptocurrency Exchanges Binens launched a similar initiative, but eventually canceled it due to issues with regulatory agencies in various countries worldwide.

According to Sethi, the crackon is making customers a “a set of microsarvis” to score their products.

Connected: The discovery of Crypto Exchange Crackon is ahead of IPO ahead of $ 1b: Report

Crackon tokening trick

The real -world property (RWA) tokening has been a central theme in Crypto over the last few months. Market capitalization Has climbed On 3 January on 20 January, from $ 15.9 billion to $ 22.7 billion, represented 42.8% jump in this period.

Tokens are the major assets in private credit and American Treasury market, while stock Account For only $ 373.4 million.

Robinhood is also proceeding to offer token stock. According to a recent announcement, brokerage Token is working on a blockchain for securities This will offer to come in touch with European investors for US-list companies.

RWA tokening is receiving traction between brokerage, exchanges and firms due to many major benefits. This reduces advance costs by reducing dependence on traditional financial infrastructure. Additionally, Tokenization helps democrats access to investment opportunities, enabled retail investors to participate in markets that were limited to first recognized investors.

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