Kraken to allow trading in Apple, Tesla and Nvidia shares as digital tokens, WSJ reports

May 22 (Reuters) - Crypto exchange Kraken plans to launch tokenized versions of more than 50 stocks and exchange-traded funds, including shares of Apple (AAPL.O), opens new tab, Tesla (TSLA.O), opens new tab, Nvidia (NVDA.O), opens new tab, the Wall Street Journal reported on Thursday.

The move will allow non-U.S. customers to trade shares of these and other high-profile companies in the form of tokens, the report said, citing a company statement.

Tokenization refers to the process of issuing digital representations of publicly-traded securities.

Instead of holding the securities directly, investors hold tokens that represents ownership of the securities.

The tokenized versions of the stocks would trade 24 hours a day, 7 days a week on Kraken, the report added.

Kraken did not immediately respond to a Reuters request for comment.