Key facts
- Kraken is tokenizing shares for the Jersey Mike's IPO.
- Retail investors can access the IPO through tokenized shares.
- Eligible US users can request direct allocations.
- Global customers can access tokenized shares backed 1:1 by the underlying stock.
- Tokenized shares are tradable 24/7 on Kraken's platform.
Kraken, a cryptocurrency exchange, is facilitating access to the upcoming Jersey Mike's IPO for both US and global retail investors through tokenized shares. Eligible US-based users of Kraken will have the opportunity to request direct allocations in the IPO. For customers outside the United States, Kraken is offering tokenized shares that are backed 1:1 by the underlying Jersey Mike's stock. These tokenized securities will be available for trading around the clock, 24 hours a day, seven days a week, directly on Kraken's trading platform. This initiative aims to broaden participation in the IPO beyond traditional institutional investors and accredited investors, making it accessible to a wider range of retail participants globally.