#Tokenization Redefines Money Beyond Fiat Currency, Says Kraken Exec


#Blockchain tokenization is expanding the definition of money beyond traditional fiat currencies by enabling users to save and transfer virtually any asset across platforms instantly, says Kraken’s global head of consumer Mark Greenberg. The technology allows individuals to hold value in diverse forms, from Tesla stocks to #Bitcoin or euro-denominated stablecoins.


Greenberg stated that money no longer means only fiat or local currency in the tokenization era. Users can save in tokenized equities, precious metals, or foreign currencies depending on their preferences and financial strategies.


Kraken's xStocks platform, unavailable in the U.S., has attracted over 80,000 wallets and generated approximately $14 billion in trading volume since launching in the second quarter of 2025. The service represents one of several tokenized stock offerings as #crypto exchanges expand beyond traditional crypto trading.


#Coinbase and Gemini have introduced tokenized stocks and prediction markets to diversify their product lines. The moves reflect broader industry efforts to create comprehensive financial platforms that compete with traditional brokerage services.

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December 25, 2025 at 2:48 PM
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