Apple, Tesla, and Nvidia shares to trade as digital tokens on crypto exchange Kraken
Kraken, a cryptocurrency exchange, intends to offer non-U.S. customers the ability to trade tokenized versions of popular stocks like Apple, Tesla, and Nvidia on a digital ledger. These “tokenized equities” aim to simplify access to U.S. stocks for international investors, enabling 24/7 trading, even outside U.S. stock market hours, similar to bitcoin.
Kraken said the rollout would start in the coming weeks, with the tokenized stocks going live in Europe, Latin America, Asia, and Africa. Kraken’s U.S. customers won’t be able to trade these tokenized equities.
Alexander Osipovich for The Wall Street Journal:
Kraken — which is based in the U.S. and has customers in more than 190 countries — plans to launch…
