Blockchain tokenization is reshaping how money is defined, according to Kraken. The shift allows users to hold, move, and trade tokenized assets beyond fiat currencies, Kraken Head of Consumer Mark Greenberg said during a televised interview this week.
Speaking to CNBC, Greenberg said money no longer needs to be limited to national currencies.
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He stated that blockchain tokenization makes it possible for many asset types to function as stores of value.
He explained that users can now save value in tokenized stocks, digital assets, stablecoins, or commodities.
“Anything can be money” under a tokenized structure, he said, as long as the asset can move easily across platforms.
Tokenized Assets Expand Savings Options Beyond Fiat Currencies
Greenberg said blockchain tokenization lets users save value in different formats without relying only on fiat currencies.
He cited examples such as Tesla xStock, Bitcoin, US dollars, euros, euro-denominated stablecoins, and gold.
He described tokenized assets as portable and platform neutral. Instead of keeping value locked inside one financial system, users can move tokenized assets between wallets and exchanges.
The remarks reflect a wider push among crypto platforms to support real world assets tokenization.
Exchanges increasingly list tokenized stocks alongside digital assets, bringing traditional instruments on chain.
Kraken xStocks Records 80,000 Wallets and $14 Billion Volume
Kraken launched its tokenized stocks product, known as xStocks, in the second quarter of the year. The product is not available to users in the United States.
According to Greenberg, tokenized stocks on Kraken have attracted more than 80,000 unique wallets since launch.
He also said the platform recorded around $14 billion in trading volume for these assets.
The figures show steady activity as crypto platforms expand beyond spot trading.
Tokenized stocks now sit alongside crypto pairs, offering users more asset types under one interface.
On Chain Real World Assets Near $415 Billion, Forecasts Extend to 2030
Data from RWA.xyz shows nearly $415 billion worth of real world assets are currently tokenized on chain.
The data tracks tokenized value across sectors such as bonds, commodities, and equities.
Long term projections vary. Boston Consulting Group estimated that real world assets tokenization could grow to $16 trillion by 2030.
A separate estimate from McKinsey & Co placed the figure closer to $2 trillion by the same year, reflecting a slower adoption path across markets.
Tokenization Enables Instant Settlement and Faster Transfers
Greenberg compared tokenized assets with traditional securities infrastructure. He said transferring equities between brokers in Canada can take weeks or months.
By contrast, tokenized assets can move between crypto platforms in seconds. He used transfers between Coinbase and Kraken as an example of faster settlement enabled by blockchain systems.
He also said instant settlement addresses limits in legacy markets, where settlement processes have remained mostly unchanged for more than 50 years.
Crypto Platforms Expand Tokenization Offerings
Several major platforms now support tokenized assets. Gemini and Coinbase have introduced tokenized stock products alongside crypto trading.
Robinhood has focused its tokenization efforts on private stocks, including companies such as OpenAI and SpaceX. The move targets users seeking exposure to non public equity.
At the same time, Coinbase is developing a real world assets tokenization platform aimed at institutions.
The effort aligns with broader industry activity as crypto platforms integrate tokenized stocks, on chain assets, and digital asset settlement under one structure.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: December 25, 2025 • 🕓 Last updated: December 25, 2025
