Payward aims to give retail investors access to IPO shares at the offering price through tokenized equities. Payward, the parent of crypto exchange Kraken, plans to let retail investors buy into U.S.-listed IPOs at the same offering price as institutional investors through tokenized shares. Under the xStocks framework, IPO allocations will be aggregated across participating platforms, with tokenized shares backed one-for-one by underlying stock held by a regulated custodian. The initiative aims…
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