#FOMCWatch Kraken expands its tokenized U.S. stocks to BNB Chain.
$BNB ✨✨✨✨💲✨✨✨
#BinanceHODLerLA In a new step marking the rise of stock assets on the blockchain, Kraken made an announcement of interest. The exchange confirmed that it will expand its tokenized U.S. stocks to the Binance network (BNB Chain). Thus, users will be able to trade stocks of U.S. publicly traded companies as BEP-20 tokens.
This initiative includes both the Kraken exchange and the Swiss firm Backed, which is responsible for minting these tokens that represent stock shares. It is worth mentioning that the exchange recently began its journey in offering blockchain-based stocks. In a report by CriptoTendencia on the matter, the launch of these stocks on the Solana network was described.
Now, this option encompasses a new network, according to a recent statement from Kraken. Additionally, it is expected that shortly this will extend to other relevant blockchains in the crypto environment. With this step, Kraken aims to position itself as one of the main players in the world of digitization and democratization of access to U.S. stocks.
The trend of tokenized U.S. stocks is rapidly gaining ground, and its proponents enjoy significant momentum. According to experts, this financial option could open the door to billions in foreign capital for companies in the northern country.