Kraken Warns UK is Missing Out on Millions in Tokenized Asset Flows Due to Slow Rules

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Slow regulatory progress is causing the UK to miss out on significant financial innovation and capital flows, Kraken UK’s Managing Director has warned.

Bivu Das revealed that the exchange’s tokenized equities product, “xStocks,” which is available in the EU but not the UK, is already drawing millions in daily net inflows.

He urged British regulators to accelerate their rule-making for tokenization and stablecoins to allow UK investors access to these new markets and prevent the country from falling behind as a crypto hub.