Kraken parent company Payward has partnered with fintech infrastructure provider GTN to expand its xStock tokenization offering across the globe, according to an announcement on Wednesday.
The collaboration will begin by tokenizing equities from Hong Kong and then expand to the UK, Europe, South Korea, and other international markets, while also opening the door to tokenizing additional asset classes over time.
In other words, xStocks is attempting to make good on one of the core promises of tokenization, making it easier to offer stocks abroad and widening the range of assets traders have access to.
"For decades, we've accepted that capital markets should be fragmented by country, currency, and market hours," Global Head of Payward Services Mark Greenberg said.
"That's a legacy financial infrastructure problem.
