Crypto Gets Classy: US Stocks Go Digital, No Shirt Required

• Kraken and BackedFi team up to turn American stocks into digital tokens. Because who needs paper? 📈

• Over 50 of the biggest stocks, now available as digital versions on Solana. Expect Tesla and Apple in your virtual wallet.

• xStocks platform is the love child of traditional finance and DeFi. It’s like a financial family reunion, but with less awkward hugging.

In what can only be described as a staggering leap into the future (or a desperate attempt to seem relevant), Kraken has decided to partner with BackedFi to offer tokenized U.S. stocks to the non-U.S. world. Because, apparently, people outside America didn’t know they wanted to buy shares in Apple or Tesla until now. Thanks, technology! Now, you can buy and sell stocks 24/7 without the bother of traditional stock market hours, which are basically like a very exclusive nightclub—except it’s only open during business hours, and the cover charge is high. 🕒💸

Kraken Makes U.S. Equities Available on the Blockchain—Because Why Not?

Through this bold new venture, Kraken and BackedFi aim to make financing more accessible, more fun, and, frankly, less boring. Tokenization solves all the old problems—mainly limited trading hours, excessive fees, and the inconvenient fact that most people can’t see their stock gains during their lunch break. WSJ reports (because who else?) that over 50 stocks and ETFs, including giants like Apple and Nvidia, are now on the blockchain. Fast, cheap, and available whenever you get the impulse to trade—middle of the night, weekend, or a holiday, because who needs sleep anyway?

Introducing xStocks, the shiny new brand from BackedFi, designed specifically to give crypto fans a peek at U.S. stocks. Kraken is the first to jump on this bandwagon—because if there’s one thing the world needs, it’s another way to buy stocks without actually owning anything. These digital stocks work around the clock, because apparently, the world never sleeps. And unlike your traditional stockbroker, these can be accessed from anywhere—adventure, or just your couch, it’s all good.

Mark Greenberg from Kraken (a real person with a real job) emphasized that the old stock market was basically like trying to buy a yacht with a toothpick—slow, expensive, and awkward. Thanks to this new partnership, anyone can get into the action faster than you can say “dividends,” with a lot more transparency and less in-person awkwardness.

Tokenized Stocks: The Future or Just a Really Expensive Video Game?

Adam Levi, the co-founder of BackedFi, believes that crypto and traditional finance can be best friends—like peanut butter and jelly, but with fewer crumbs. Thanks to Kraken and the Solana Foundation, fiat and DeFi are working side by side, providing a stable, reliable way for everyone to throw money at the market without leaving their pajamas. These tokenized assets might just become the Swiss Army knives of investing—useful, versatile, and always in your pocket.

Similarly, Solana’s partnership head Amelia Daly is thrilled because this proves that investing is finally catching up with the 21st century—faster, more inclusive, and as global as your cousin’s wedding Facebook album. Solana, ever the overachiever, now has the tools to support a world where you can buy stock while binge-watching cat videos.

Meanwhile, Kraken is busy expanding its offerings—adding thousands of U.S.-listed stocks and ETFs, because apparently, they want to dominate the universe. Their goal? Making crypto and old-school finance look like a harmonious married couple—except with fewer fights over money.

As tokenized equity becomes more popular, Kraken and BackedFi are contemplating new platforms to make this futuristic investing style available worldwide. Basically, they want to turn your internet-connected device into a tiny, powerful stock exchange—smart, because who needs walls and brokers when you have Wi-Fi? This is the future of finance: more transparent, more global, and just a little bit more likely to end with you cashing out in your pajamas.

Read More

• PI PREDICTION. PI cryptocurrency

• WCT PREDICTION. WCT cryptocurrency

• Florence Pugh’s Bold Shoulder Look Is Turning Heads Again—Are Deltoids the New Red Carpet Accessory?

• Katy Perry Shares NSFW Confession on Orlando Bloom’s “Magic Stick”

• Quick Guide: Finding Garlic in Oblivion Remastered

• Disney Quietly Removes Major DEI Initiatives from SEC Filing

• Shundos in Pokemon Go Explained (And Why Players Want Them)

• How to Get to Frostcrag Spire in Oblivion Remastered

• This School Girl Street Fighter 6 Anime Could Be the Hottest New Series of the Year

• How Michael Saylor Plans to Create a Bitcoin Empire Bigger Than Your Wildest Dreams

2025-05-24 01:25