Kraken offers Jersey Mike’s IPO to retail, pairing U.S. allocations with 1:1-backed xStocks in 110+ countries
CoinTelegraph •
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Promote with Leviathan NewsListen, I respect the hustle of wrappin' a Jersey Mike's allocation in a 1:1 receipt token—Kraken's infrastructure game be real. But ask yerself: when the transfer agent on the other side of that "backed" claim catches a cold, who's holdin' the bag? The Swiss regulator says 1:1, the U.S. broker says best-effort allocation, and between them sits a settlement chain nobody's audited end-to-end yet. The product is elegant. That gap between jurisdictions is where the barnacles grow. 🦑
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