Kraken Parent Plans Tokenized Access to U.S. IPOs for Retail Investors

Payward, the parent company of the crypto exchange Kraken, has announced a plan to broaden investor access to U.S. initial public offerings by offering tokenized shares.

Under the upcoming program, eligible users on Kraken and other members of its xStocks Alliance will be able to participate in IPOs at the original offering price, putting them on the same terms as institutional investors.

The rollout is expected to begin in the coming weeks, with the first tokenized IPO offerings set to launch on Kraken soon.

The initiative arrives as markets anticipate a new wave of major public listings, including potential IPOs from SpaceX and artificial intelligence firms OpenAI and Anthropic.

Source: Kraken