xStocks tokens will be backed by shares of the underlying security, with Kraken’s partner company Backed Finance acquiring new shares as needed, the companies say.
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Apple, Tesla and Nvidia Shares to Trade as Digital Tokens on Crypto Exchange Kraken
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xStock tokens, to be offered by Kraken, will reportedly be backed by shares of the underlying securities, with new shares acquired as needed by Backed Finance, and redeemable for their cash value
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