Kraken exec says tokenized stocks will let you ‘buy coffee with Tesla’

Kraken’s head of asset tokenization, Mark Greenberg, believes tokenizing equities could make company shares usable for everyday purchases—like “buying coffee with Tesla.”

The product is already live in Latin America, where Kraken customers can trade and spend tokenized versions of major stocks. A European launch is planned for the coming months, expanding access to new markets.

Greenberg says tokenization allows stocks to move seamlessly between trading and payments, with instant settlement and 24/7 availability—blending investing with daily spending.

Kraken’s push reflects a growing race among exchanges to bring traditional financial assets onto blockchain rails.

Source: finance.yahoo.com