Update: Market Chatter: Nvidia, Apple, Tesla Shares to Trade as Digital Tokens on Kraken
(Updates with additional details starting in the second paragraph.)Kraken, the cryptocurrency exchange, intends to allow non-US customers to trade popular stocks like Nvidia , Apple and Tesla as tokens over a digital ledger, The Wall Street Journal reported Thursday. The cryptocurrency exchange will roll out tokenized versions of over 50 stocks and exchange-traded funds in the coming weeks, according to the report. The tokens will trade continuously seven days a week, even when US stock markets are closed, in the same way as bitcoin and other cryptocurrencies, the report said, adding that US customers of the exchange won't be able to trade the tokens. Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.