Kraken Launches Tokenized Stocks with $14 Billion Trading Volume
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Tokenized Stock Innovation: Kraken's launch of tokenized stocks attracted over 80,000 wallets and achieved $14 billion in trading volume since its second-quarter debut, marking a significant expansion in the crypto trading space and enhancing its market competitiveness.
- Enhanced Asset Liquidity: Tokenization allows users to swiftly transfer assets between trading platforms, with Greenberg noting that unlike traditional finance, crypto asset transfers can occur in seconds, significantly improving trading efficiency and user experience.
- Massive Market Potential: According to RWA.xyz, nearly $415 billion worth of real-world assets are currently tokenized on-chain, with projections suggesting this figure could rise to $16 trillion by 2030, highlighting the substantial growth potential of the tokenization market.
- Challenge to Traditional Finance: The instant settlement capability of tokenized stocks addresses the limitations of traditional securities infrastructure, with Greenberg emphasizing that this will drive transformation in financial markets, prompting more platforms like Robinhood and Coinbase to pursue tokenization initiatives.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
