Kraken’s xStocks adds 200 UK and EU shares as its assets top $1.1 billion
Summary
Kraken's xStocks platform has expanded its offering by introducing two hundred new shares for clients in the United Kingdom and the European Union. Total assets held on the platform have now surpassed one billion dollars. These digital tokens are fully backed by traditional equities, though holders do not receive direct corporate ownership rights.
Payward says xStocks holds over $1.1 billion. Each token is backed by a share but gives no ownership of the underlying company.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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