2 hours ago
Kraken has opened a caller circular of dialog with the US Securities and Exchange Commission’s (SEC) Crypto Task Force, focusing connected however tokenization could beryllium integrated into regulated fiscal markets.
An interior bureau memo confirmed that the speech met with the task unit connected Aug. 25 to contiguous ideas connected however tokenized trading systems mightiness relation nether existing US law.
During the session, Kraken’s presumption outlined the architecture of specified a system, explained the lifecycle of assorted transaction types, and examined the ineligible obligations tied to securities regulations.
The crypto speech besides pressed for clearer regulatory guidance, stressing that constructive oversight could promote innovation portion safeguarding investors.
The engagement follows the exchange’s caller launch of “xStocks,” a level designed to contented tokenized versions of much than 50 US equities and exchange-traded funds.
The assets person been launched connected Solana and the Binance-backed BSC blockchain, but are presently constricted to offshore clients.
Tokenization gains momentum
The timing of this gathering reflects wider industry involvement successful real-world plus (RWA) tokenization.
Advocates reason that moving accepted instruments specified arsenic bonds oregon equities on-chain could grow entree to concern opportunities and little costs for marketplace participants.
Interestingly, that statement has precocious found enactment from US regulators.
At the Wyoming Blockchain Symposium, Federal Reserve Vice Chair for Supervision Michelle Bowman said:
“The velocity and outgo of wholesale payments, particularly internationally, is simply a longstanding occupation that tokenization could assistance to address. Banks of each sizes, including assemblage banks, tin payment from ratio gains that travel from plus tokenization.”
So, it is unsurprising that the RWA assemblage is rapidly expanding. Data from analytics steadfast RWA.xyz shows tokenized assets reached $26.5 cardinal successful August, a month-on-month summation of much than 4%. Wallet addresses holding these instruments grew by 11% to astir 367,000.
Considering this level of growth, manufacture experts expect the assemblage to standard significantly. The 2025 Skynet RWA Security Report estimates that tokenized RWAs could correspond arsenic overmuch arsenic $16 trillion successful worth by 2030.
The station Kraken lobbies SEC to integrate tokenization into fiscal markets appeared archetypal connected CryptoSlate.
English (US) 