[Brief] Kraken Parent Payward to Tokenize 100 London-Listed Stocks with LSE 24-Hour Trading
According to The Block, Payward, the parent company of crypto exchange Kraken, has announced it will tokenize 100 stocks listed on the London Stock Exchange (LSE) and plans to enable 24-hour trading on the exchange.
This initiative represents another major milestone in the convergence of traditional securities markets with blockchain technology. Through tokenization, stock assets can exist as digital tokens on a blockchain, enabling around-the-clock trading, instant settlement, and lower transaction costs.
Analysts believe this move will drive the development of Europe’s asset tokenization market, while potentially raising regulatory concerns about investor protection and market manipulation.
Editor: GoodInfo Global News Team