Singapore asset manager to offer Kraken’s xStocks in parts of Asia

Singapore-based asset manager Alpha Ladder Finance said it will offer Payward’s Kraken-affiliated stock token service xStocks to institutional and accredited investors in selected Asian markets. Under a memorandum of understanding previously signed with fintech firm MetaComp and Payward, Alpha Ladder will serve as xStocks’ regional distribution partner. xStocks are tokens backed one-to-one by listed shares and support more than 700 assets, according to Dune Analytics.