Tokenized stocks expand: Kraken xStocks, Plume broker-dealer, NYSE on Avalanche
Kraken's xStocks plans 200+ UK and EU equities onchain, while Plume's broker-dealer affiliate won FINRA membership. NYSE is reportedly using Avalanche for its tokenized securities platform's clearing firm.
What we know
Kraken's xStocks is launching 200+ UK and EU-listed equities onchain, including on Solana, with Hong Kong-listed stocks to follow. Plume's affiliated broker-dealer Kimber Digital Securities was approved for FINRA membership and registered with the SEC. A trader says NYSE is using Avalanche as core ledger tech for the clearing firm behind its tokenized securities platform. An RWA researcher notes that one Zug firm, Security Agent Services AG, stands behind both Robinhood's and xStocks' tokenized stocks.
Sources
“KRAKEN'S TOKENIZED STOCKS PLATFORM XSTOCKS LAUNCHING 200+ UK AND EU-LISTED EQUITIES ONCHAIN”
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“Kimber Digital Securities, has been approved for FINRA membership”
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