Kraken’s new push marks mounting Wall Street crypto land grab – DL News
The Roundup
- Kraken’s new tokenised equities initiative marks a trend.
- It comes as financial services and crypto grow closer.
- Not everyone’s happy about it, though.
A version of this article appeared in our The Roundup newsletter on May 23. Sign up here.
Hi! Eric here.
Wall Street’s crypto landgrab just got turbocharged.
If you missed it, that’s understandable.
It’s been a firehose of a week. Bitcoin hit a new record. US President Donald Trump hosted crypto bigwigs at his memecoin dinner. New laws are taking shape in Washington.
But quietly in the background, finance firms are ramping up their plans to tokenise finance.
US banking giants — including JPMorgan Chase, Bank of America, Citigroup and Wells Fargo — are in talks to launch…
