Tokenization Expands the Definition of Money: Kraken Exec
A Kraken executive stated that tokenization moves the definition of money beyond fiat to include virtually any asset.Summary
Mark Greenberg, Kraken's Head of Consumer, asserted that blockchain tokenization is redefining money beyond traditional fiat currencies, allowing users to save and instantly transfer nearly any asset across platforms. He noted that tokenization enables saving in assets like tokenized stocks (e.g., Tesla xStock), Bitcoin, or even gold-backed stablecoins. Tokenized stocks on Kraken, though unavailable in the US, have seen significant adoption with over 80,000 wallets and $14 billion in trading volume since Q2. Greenberg highlighted tokenization's advantage over traditional finance (TradFi) by enabling near-instant asset transfers between platforms, contrasting sharply with the weeks or months it can take for traditional equity transfers. This technology also facilitates instant settlement for equity transactions, modernizing outdated securities infrastructure. Industry data suggests tokenized real-world assets currently total nearly $415 billion on-chain, with projections estimating this could reach $16 trillion by 2030.
(Source：Cointelegraph)