Kraken is set to introduce tokenized US stocks for its non-US customers, expanding its traditional asset offerings through a partnership with Backed. This initiative aims to provide transparent and decentralized access to stock trading, utilizing the Solana blockchain for its efficiency and performance. Kraken co-CEO Arjun Sethi emphasized innovation and transparency as key components of this endeavor. This development follows Kraken's recent regulatory challenges, as it had to cease operations for US clients in various states. By incorporating more traditional investment options, Kraken is shifting its focus to compete with larger brokerages like Robinhood. The tokenization of real-world assets (RWA) has seen significant growth lately, with the market capitalization rising substantially. Tokenization offers reduced costs and broader access to investment opportunities, particularly benefiting retail investors. Overall, this move signifies a growing trend among exchanges to innovate in the realm of traditional finance and expand their product offerings.

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