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Kraken will let eligible US users request direct IPO allocations of Jersey Mike's, while customers in over 110 countries can buy tokenized shares backed 1:1 by the underlying stock. The move pushes tokenized equities from secondary-market trading into primary issuance, expanding the real-world-asset narrative and positioning crypto exchanges as distribution rails competing with traditional brokerages. Watch allocation demand and regulatory response to cross-border tokenized IPO access, which would determine whether other issuers and platforms like Coinbase follow with similar offerings.
As a Crypto signal, watch whether it changes price action, volatility, or flows around COIN.
Original Source: Cointelegraph
This page is market information analysis, not investment advice.
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