Tokenized US Stocks & ETFs Coming To Telegram Wallet Via Kraken & BackedFi
Telegram is taking another step toward bridging traditional finance with crypto. Through a new partnership among Wallet in Telegram, xStocks operator Backed, and US-based crypto exchange Kraken, tokenized equities will soon be available directly within the messaging platform. The announcement, made on Wednesday, confirms that users will gain access to tokenized versions of US equities. Related Reading: Metaplanet Expands Bitcoin Holdings To Over 30K BTC – Details Wallet in Telegram, a third-party crypto wallet app integrated into the Telegram ecosystem, will serve as the gateway for this....
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The U.S. Securities and Exchange Commission (SEC) wants to facilitate tokenized exchange-traded funds (ETFs), according to chairman Jay Clayton. The agency is collaborating with other U.S. regulators to determine how to regulate different crypto products. SEC Open to Tokenization of ETFs SEC Chairman Jay Clayton talked about the commission’s approach to regulating crypto products during a panel discussion hosted by the Chamber of Digital Commerce earlier this month. The event, entitled “Two Sides of the American Coin: Innovation & Regulation of Digital Assets,” also....
BlackRock is moving deeper into tokenized funds, and the moves are starting to look like a bid to bring traditional ETFs onto blockchains. Related Reading: Vietnam To Test Crypto Market Over 5 Years With Heavy Rules Reports have disclosed that the firm’s tokenized money market product, known as the BlackRock USD Institutional Digital Liquidity Fund […]
The Nasdaq has filed a proposed rule change with the SEC to list tokenized stocks, marking a significant integration of blockchain technology into traditional finance (TradFi). Market experts have predicted that XRP is one of the crypto assets that stand to benefit massively from this move. Nasdaq Files To List Tokenized Stocks Nasdaq has filed with the SEC to allow investors to trade tokenized stocks on its platform. The exchange has proposed that these securities could be traded in either their traditional form, without using blockchain technology, or in their tokenized form, utilizing....
FTX is "weeding out the competition" with its new selection of tokenized stocks. Cryptocurrency derivatives exchange FTX has announced it is growing its line of tokenized stock offerings, with the addition of five cannabis-related businesses.The Wednesday announcement, tweeted by FTX and Alameda Research CEO Sam Bankman-Fried, came in a haze of ex-hemp-lary (sorry) marijuana puns.“To be blunt, this is one of the dopest joint listings we've done. FTX: blazing a path forward and weeding out the competition.”The newly listed tokenized stocks are some of the biggest names in the cannabis....
Announced on Twitter on February 11, 2015, Telebit started to gain traction earlier today. Telegram is an instant messaging app for smartphones, tablets and the web. Similar to Whatsapp, the popular instant messaging app acquired by Facebook in 2014 for $19 billion, Telegram offers better privacy and security, as well as an open protocol and API. These features have gained Telegram 50 million faithful users. A Bitcoin wallet integrated with Telegram, Telebit allows bitcoin to be exchanged among other Telegram users as well as external bitcoin addresses. "The [Telebit] system has been live....