Kraken's new xStocks vaults let investors earn returns on tokenized versions of stocks such as Nvidia, and ETFs. Users can lend these digital assets in decentralized finance (DeFi) markets to gain yield.
Kraken has launched its new xStocks vaults, allowing investors to earn returns from tokenized stocks and Exchange-Traded Funds (ETFs). These vaults convert traditional assets like Nvidia shares and major US stock market ETFs into digital tokens. Users can then lend these tokenized assets within decentralized finance (DeFi) markets. DeFi refers to financial services built on blockchain technology, enabling lending and borrowing without banks. This new feature provides a way for crypto users to access traditional stock market exposure while potentially earning yield in the Web3 ecosystem.
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