40% Extra Tokens? BlockchainFX Presale Has Whales Ditching ADA, SOL, and BTC – But Why?

The post Kraken Partners With Trust Wallet to Expand Tokenized Equities Reach appeared com. Crypto exchange Kraken, the main distribution partner for Backeds tokenized equities product xStocks, has partnered with Trust Wallet, one of the worlds largest self-custody crypto wallets, to extend the reach of tokenized equities to users. In a Friday announcement, Kraken said it is bringing interoperable tokenized equities to over 200 million users across the world by extending xStocks to Trust Wallet users, who will be able to trade tokenized equities by Backed, a provider of collateralized onchain assets. The integration will allow Trust Wallet users to buy and hold 60 different xStocks using a variety of local fiat currencies. It would also enable deposits and withdrawals across multiple chains, including Solana, BNB Chain, Tron and Ethereum. This is more than integration its a paradigm shift, said Kraken Co-CEO Arjun Sethi. Were accelerating the move to a future where global markets operate without borders, without barriers, and with the same openness and accessibility as the internet itself. XStocks not available everywhere Kraken framed the development as putting tokenized equities directly into the hands of millions. Trust Wallet CEO Eowyn Chen said the deal bridges the gap between Web3 and traditional markets, while Backed co-founder Adam Levi emphasized crosschain accessibility as a public good. However, the 200 million Trust Wallet users advertised in the announcement may not all be eligible to trade xStocks. Securities are regulated differently from crypto tokens, and laws diverge significantly across jurisdictions. Ross Shem, co-founder and chief operating officer at tokenization company Stobox, previously said that tokenized securities are still bound by securities laws. This means that they require Know Your Customer (KYC) rules and must respect investor protection standards. The only thing they share with crypto is the underlying technology, not the ethos, not the regulation, not the culture, Shem said. Kraken itself noted that xStocks.