500,000 euros or a questionnaire: two access rules for tokenized stocks

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Tokenized stocks court everyone but let only some subscribe. At Ondo, a retail client in the EEA needs a portfolio of 500,000 euros; for the xStocks range via Kraken, a passed questionnaire is enough. What the paperwork of both providers yields for investors in Germany.Tokenized stocks are tokens that track the price of a real share, trade around the clock and fit into a wallet. The marketing addresses everyone. The offering documents do not. If you live in Germany, you run into two entirely different answers depending on the provider: with one, a retail client needs a financial portfolio of 500,000 euros; with another, a questionnaire is enough. That difference is not buried in one firm's small print. It follows from the law under which a token is issued. We looked at the eligibility and risk documents of two providers that both show up in German search results, and put their terms side by side. A stock token is a security, not a crypto-asset under MiCA The starting point deter...