AMC Criticizes Tokenized Stocks as Kraken and Bullish Push Forward
Despite AMC Entertainment's criticism of tokenized stocks, both Kraken parent company Payward and Bullish are advancing their initiatives in the space. On CoinDesk’s Public Keys podcast from the New York Stock Exchange, Mark Greenberg discussed Payward’s partnerships with SoFi and the London Stock Exchange to launch xStocks, which aims to offer 24/7 trading of tokenized equities globally. Bullish's President Chris Tyrer highlighted its $4.2 billion acquisition of transfer agent Equiniti and shared details about its first tokenized-share trades on a GFSC-regulated venue. The episode also covered the growing momentum in Bitcoin and Ethereum ETFs, as well as macroeconomic shifts that could influence crypto markets. The discussion emphasized differing models for tokenizing stocks and their potential to reshape equity trading structures.
Topics: Bullish Equiniti acquisition Kraken tokenized stocks xStocks