Kraken’s Tokenization Leap: Beyond Fiat, Redefining Asset Movement

Kraken just flipped the script. The exchange isn't just tokenizing dollars anymore—it's turning the entire concept of asset ownership into a digital stream.

The New Plumbing

Forget slow wires and settlement delays. This move builds a new rail system for value. Stocks, bonds, even that vintage car in your garage—anything with a legal claim can now flow across Kraken's network at the speed of the internet. It cuts out the traditional custodians, bypasses the paperwork, and turns illiquid assets into tradable positions overnight. Wall Street's middlemen are watching their moats evaporate.

A Cynical Nod

Of course, the old guard will call it risky. They always do when their fees are under threat. But while they debate compliance in committee rooms, the market is voting with its wallet.

The real revolution isn't in creating a new asset class. It's in making every existing asset class behave like one. Liquidity becomes a feature, not a privilege reserved for the big players. This isn't just an expansion—it's the beginning of the great financial compression, where the distance between an asset and its owner collapses to zero. The movement has started, and it's leaving the traditional system playing catch-up.