Kraken Partners With Nasdaq In New Tokenized Stocks Move
Kraken parent Payward has partnered with Nasdaq to build what the companies describe as an “equities transformation gateway,” a new infrastructure layer designed to connect regulated tokenized equity markets with permissionless blockchain networks. For crypto markets, the significance is clear: one of the largest traditional market operators is now working directly with a crypto-native tokenization […]
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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....
Nasdaq, alongside Finnhub and Tiingo, will be providing its price feeds to DeFiChain, a DeFi platform built on the Bitcoin network. Tokenized stocks have had a shaky few months from a regulatory perspective, but that seemingly hasn't stopped legacy financial giants and decentralized finance (DeFi) advocates from inking new deals. Bloomberg reported today that Nasdaq, Finnhub and Tiingo, will be providing their price feeds to DeFiChain, a DeFi platform built on the Bitcoin (BTC) network.DeFiChain offers trading in tokenized stocks that correspond to the underlying price of major listed....
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....
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....
The "Coinbase pre-IPO contract" has seen extreme volatility on FTX derivatives exchange. Investors with tokenized exposure to Coinbase (COIN) shares experienced extreme volatility Tuesday, as the value of their holdings plummeted in a matter of minutes.The selloff took place on FTX, a leading derivatives exchange, where the COIN-USD stablecoin exchange rate fell from a high above $640 all the way to around $420. Three huge red candles highlighted the selloff, as per a screenshot from Bloomberg podcaster Joe Weisenthal.Coinbase tokenized shares are crashing on FTX https://t.co/PygqsjSpWQ....