It’s just my feeling and it went quietly, unless you follow the stock market and crypto at the same time.
But the launch of xstocks is more than just another crypto–equities crossover; it’s an early example of how digital tools start to improve, maybe even bypass, the old system.
Traditional equity markets still rely on slow settlement cycles, rigid barriers, share rigidity and, most importantly, fixed timeframes.
With xStock on Kraken (and maybe others I’m not aware of), crypto has finally made the crossover I expected years ago: decentralized, fractional, 24/7 access to realworld assets. It’s still limited when it comes to shareholder rights and dividends, but it’s certainly a step forward compared to the archaic structure of traditional stock exchanges.
After years of waiting for crypto to enter stock exchanges, we’re now seeing the reverse: stock exchanges (outside of their will) moving onto crypto rails.
Curious what the next step for blockchain will be, but this feels like the start of something bigger, especially around shareholder representation and a potential longterm challenge to ETFs.
This is in no sense marketing for any of the mentioned products, but rather a step in blockchain I was expecting 2 years ago already, for which I’m curious where it will land.
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