BiyaPay Analyst: Kraken to Launch Tokenized US Stocks for Non-US Customers, How Does This Differ from BiyaPay's USDT Trading of US Stocks

Blockbeats
26 May

BlockBeats News, May 26th. Recently, the cryptocurrency exchange Kraken announced plans to allow non-US customers to trade popular stocks such as Apple, Tesla, and Nvidia in tokenized form on the digital ledger. This new product, called "tokenized stocks," aims to streamline the process for non-Americans to invest in US stocks.These tokenized stocks will operate similar to Bitcoin, allowing for 24/7 trading even when the US stock market is closed, offering trading opportunities seven days a week. This feature provides a significant advantage to international investors looking to trade outside of traditional US stock market hours.Kraken stated that the launch of these tokenized stocks will begin in the coming weeks, initially targeting customers in Europe, Latin America, Africa, and Asia. However, Kraken's US customers will not be able to trade these tokenized stocks.Essentially, Kraken is introducing a service that digitizes stocks of popular companies, allowing them to be traded as tokens on their cryptocurrency exchange. This move represents an important step in the integration of traditional financial markets and digital currencies, providing international investors with a new platform to access US stocks.Unlike Kraken's tokenized US stocks, BiyaPay offers a more direct USDT trading for US stocks service: using the stablecoin USDT to exchange USD one-to-one to buy and sell real US stocks. It provides a fully compliant securities trading channel, supporting a more diversified US-Hong Kong stock investment portfolio, and offering fiat currency services for deposits and withdrawals in USD, HKD, EUR, and other currencies.While Kraken extends US stock trading hours, BiyaPay's USDT trading solution avoids price deviation risks in the tokenization process, ensuring that investors directly hold the underlying stocks. Both models are driving the integration innovation between cryptocurrency and traditional finance.

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