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Kraken plans to allow non-U. S. customers to trade many popular stocks as tokens over a digital ledger. Such “tokenized equities” would make it easier for non-Americans to invest in U.S. stocks, the company says. Like bitcoin, they would trade 24 hours a day, seven days a week—even when the U.S. stock market is closed.
Proponents of blockchain technology have argued for years that tokenization provides various advantages over the traditional way of setting stock trades. Such discussions have heated up in recent months as the Trump administration and Congress have moved to rewrite the rules for crypto trading. The Securities and Exchange Commission hosted a roundtable discussion on tokenization earlier this month, and firms such as BlackRock and Robinhood Markets have advocated tokenizing securities.
https://www.wsj.com/finance/currencies/kraken-crypto-exchange-stock-tokens-e4fc1bb9
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