{"id":57808,"date":"2025-12-25T10:40:27","date_gmt":"2025-12-25T03:40:27","guid":{"rendered":"https:\/\/hbbgroup.net\/tokenization-has-moved-past-money-only-meaning-fiat-kraken-exec\/"},"modified":"2025-12-25T10:40:27","modified_gmt":"2025-12-25T03:40:27","slug":"tokenization-has-moved-past-money-only-meaning-fiat-kraken-exec","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/tokenization-has-moved-past-money-only-meaning-fiat-kraken-exec\/","title":{"rendered":"Tokenization has moved past money only meaning fiat: Kraken exec"},"content":{"rendered":"
\n

Blockchain tokenization is transforming money beyond fiat currencies such as the US dollar by allowing users to save and instantly move virtually any asset across platforms, says a Kraken executive.<\/p>\n

\u201cI think we\u2019re past the point where money only means fiat or your local currency,\u201d Kraken Head of Consumer Mark Greenberg told<\/a> CNBC on Wednesday, adding that \u201canything can be money\u201d with tokenization.<\/p>\n

\u201cYou can save in Tesla xStock, you can save in Bitcoin, or \u2014 as a Canadian \u2014 you can save in US dollars, euros, euro-denominated stablecoins, or even gold.\u201d<\/p><\/blockquote>\n

Kraken\u2019s xStocks<\/a> is one of several tokenized stock offerings to hit the market this year as crypto exchanges look to expand beyond offering crypto trading. Coinbase and Gemini have also begun to offer tokenized stocks<\/a> and have pushed betting via prediction markets as another offering to hook users.<\/p>\n

Greenberg said tokenized stocks on Kraken, which aren\u2019t available in the US, have attracted more than 80,000 wallets and saw roughly $14 billion in trading volume since it launched the offering in the second quarter of this year.<\/p>\n

Mark Greenberg speaking to CNBC on Wednesday. Source: <\/em>CNBC<\/em><\/a><\/figcaption><\/figure>\n

Data from RWA.xyz<\/a> shows nearly $415 billion worth of real-world assets<\/a> are currently tokenized on-chain. Boston Consulting Group estimated that figure could increase to $16 trillion by 2030, while McKinsey & Co predicted a more conservative $2 trillion over the same timeframe.<\/p>\n

Tokenization is faster, more flexible than TradFi<\/h2>\n

Greenberg said tokenization also enables users to move assets between trading platforms more easily than ever.<\/p>\n

\u201cIf you\u2019re trading equities here in Canada […] moving assets from one broker to another can sometimes take weeks or even months. With crypto assets, if I want to move funds from Coinbase to Kraken or vice versa, that can happen in seconds,\u201d he said.<\/p>\n

Related: <\/strong><\/em>Crypto heads into 2026 with privacy, decentralized identity on the line<\/strong><\/em><\/a><\/p>\n

Blockchain tokenization<\/a> also enables instant settlement for equity transactions, addressing limitations of traditional securities infrastructure that has remained largely unchanged for more than 50 years, Greenberg said.<\/p>\n

Crypto doubles down on tokenization<\/h2>\n

Robinhood is also among the financial platforms that are pursuing a tokenization<\/a> offering.<\/p>\n