As traditional finances intertwine more with Blockchain technology, said a Kraken executive who simply brings traditional financial products in a blockchain won the reduction and is not the ultimate goal of tokenization.
Mark Greenberg, a global head of the Kraken consumer business unit, told Cointelegraph that tokenized actions should go beyond replicating Wall Street Ochain systems. Instead, he said they should unlock new levels of accessibility, programability and global scope.
He argued that it is an opportunity to base how global markets work when it comes to accessibility, programability and access of users to inherited tools.
“Tokenized actions cannot only be” Wall Street in a block chain. “That loses the point,” Greenberg told Cointelegraph. He said the actions must “feel like the Internet,” what is always on the way, self -directed and accessible worldwide.
The reconstruction of financial assets to be as fluid as cryptography
Greenberg said that most of the inherited institutions underestimate how transformer could be the change. “It’s not just about wrapping old assets in the new technology,” Greenberg told Cintelegraph. “It’s about rebuilding financial access to be as fluid and programmer as cryptography.”
He added that retail users should be able to access global markets in real time, with tools once preserved for coverage funds. For developers, tokenized stocks sacrifice a platform to create applications, as well as stable and protocols defi today.
When asked about the role of tokenization regulations, Greenberg told Cointelegraph that Kraken believes that the future of capital markets lies in the program and the open infrastructure it meets.
On June 30, Kraken associated with financed finances to launch Xstocks, a product that allows users to exchange more than 60 tokenized actions.
The product, which allows users to exchange actions such as Netflix, Meta and Coinbase, was launched in Kraken, Bybit and several decentralized finance protocols (Defi) in Solana.
“With tokenized actions such as Xstocks, we are building base layer systems that are not permits and compounds, while ensuring that assets themselves adhere to eliminating legal work,” Greenberg told Cointelegraph.
He said that this approach gives users decentralization without abandoning protections on which regulators focus. “The regulation must evolve to support this balance, not suppress it,” Greenberg added.
Related: Rates, guarantee give defi edge as tradfi eyes crypto loans: 1 inch Exec
Stock tokenization in Ethereum
In addition to Kraken, the Etoro negotiation platform plans to launch tokenized actions. However, unlike Kraken, which uses the Solana Red, the company will token 100 shares of the United States in Ethereum.
While companies run to Token size shares, Ethereum Group works with regulators to create industry standards for tokenized values.
On July 21, organizations aligned by Ethereum with the Bag and Securities Commission to discuss standards that contain technology in the chain with traditional regulatory requirements.
https://www.youtube.com/watch?v=RY9MI57PBJS
Magazine: Tradfi is building Ethereum L2s to Tokenizar Billones in Rwas – Inside Story
