‘Wall Street on a blockchain’ isn’t tokenization endgame: Kraken exec
A Kraken executive told Cointelegraph that tokenized equities shouldn’t just copy Wall Street onto the blockchain but reinvent how users access financial assets.
As traditional finance becomes more intertwined with blockchain technology, a Kraken executive said simply bringing traditional financial products on a blockchain won’t cut it and is not the end goal for tokenization.
Mark Greenberg, the global head of Kraken’s Consumer Business Unit, told Cointelegraph that tokenized equities must go beyond replicating Wall Street systems onchain. Instead, he said they should unlock new levels of accessibility, programmability and global reach.
He argued that it’s an opportunity to fundamentally rethink how global markets function when it comes to accessibility, programmability and user access to legacy tools.