Arjun Sethi, co-CEO of Kraken, said the launch of tokenised US stocks addresses global demand for more accessible equities trading, noting the high fees and friction international investors face

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Access to traditional U.S. equities remains slow, costly, and restricted.”

Overseas investors can currently buy U.S. stocks through local brokerages, but “it typically involves very high fees and slow settlement times,” Kraken co-Chief Executive Arjun Sethi said in an interview. “There’s a lot of friction.”