Kraken Meets SEC to Discuss Tokenized Stocks and Trading Systems

Crypto exchange Kraken met with the U.S. Securities and Exchange Commission (SEC) on Monday to discuss tokenization of traditional assets and a potential tokenized trading system. This meeting follows Kraken’s launch of xStocks, a service offering tokenized versions of over 50 US stocks and ETFs, which has seen $2.5 billion in combined DEX and CEX trading volume. The discussion covered the regulatory framework for operating a tokenized trading system, legal obligations, and potential benefits of tokenization.