Kraken has opened a brand new spherical of dialogue with the US Securities and Alternate Fee’s (SEC) Crypto Job Drive, specializing in how tokenization could possibly be built-in into regulated monetary markets.
An inner company memo confirmed that the change met with the duty drive on Aug. 25 to current concepts on how tokenized buying and selling methods may operate beneath present US legislation.
Throughout the session, Kraken’s presentation outlined the structure of such a system, defined the lifecycle of assorted transaction sorts, and examined the authorized obligations tied to securities laws.
The crypto change additionally pressed for clearer regulatory steering, stressing that constructive oversight might encourage innovation whereas safeguarding buyers.
The engagement follows the change’s current launch of “xStocks,” a platform designed to concern tokenized variations of greater than 50 US equities and exchange-traded funds.
The belongings have been launched on Solana and the Binance-backed BSC blockchain, however are at present restricted to offshore shoppers.
Tokenization positive factors momentum
The timing of this assembly displays wider trade curiosity in real-world asset (RWA) tokenization.
Advocates argue that shifting conventional devices comparable to bonds or equities on-chain might increase entry to funding alternatives and decrease prices for market contributors.
Curiously, that argument has just lately discovered help from US regulators.
On the Wyoming Blockchain Symposium, Federal Reserve Vice Chair for Supervision Michelle Bowman mentioned:
“The pace and price of wholesale funds, particularly internationally, is a longstanding downside that tokenization might assist to deal with. Banks of all sizes, together with neighborhood banks, can profit from effectivity positive factors that circulation from asset tokenization.”
So, it’s unsurprising that the RWA sector is quickly increasing. Knowledge from analytics agency RWA.xyz reveals tokenized belongings reached $26.5 billion in August, a month-on-month improve of greater than 4%. Pockets addresses holding these devices grew by 11% to about 367,000.
Contemplating this degree of development, trade specialists anticipate the sector to scale considerably. The 2025 Skynet RWA Safety Report estimates that tokenized RWAs might characterize as a lot as $16 trillion in worth by 2030.
