Tokenization has moved past money only meaning fiat: Kraken exec

Blockchain tokenization is radically expanding the definition of money, enabling anyone to trade, save, and spend in virtually any asset they like, says Kraken’s Mark Greenberg.

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.

“I think we’re past the point where money only means fiat or your local currency,” Kraken Head of Consumer Mark Greenberg told CNBC on Wednesday, adding that “anything can be money” with tokenization.

Kraken’s xStocks 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 and have pushed betting via prediction markets as another offering to hook users.

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