"xStocks will be available to Cake Wallet users directly on the app, presumably with little, if any, personal information required for users to be able to trade the assets. While details of the implementation on Cake were not shared, Cake Wallet's privacy-first design implies a similar user experience. Wallets like Phantom have also recently launched similar access to tokenized equities, without requiring any information from users beyond control over their private keys - familiar to many users as 12 words they should store securely."
"as younger, more tech-adept users grow tired of the controls and restrictions of traditional finance, willing to take the risks of custody into their own hands. Crypto, for all its faults, has led to the widest distribution of cryptographic material to the public in the history of cryptography. Hundreds of millions of people throughout the world likely have crypto wallets of one kind or another on their mobile phones, and that gives them access to cryptography so powe"
Cake Wallet will integrate xStocks into its supported tokens in the next update. xStocks offers tokenized exposure to global equities such as Google, Amazon, and Nvidia in a crypto-native format designed to reduce privacy loss and high friction associated with traditional finance. The integration is expected to allow trading with little or no personal information by leveraging Cake Wallet's privacy-first, self-custody design. Comparable wallets like Phantom already provide tokenized equity access using only private-key control. The trend signals younger, tech-savvy users increasingly preferring custody and crypto-native access to world-class financial assets.
Read at Bitcoin Magazine
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