Singapore Asset Manager Launches Kraken's xStocks Service in Asia

Alpha Ladder Finance, a Singapore-based asset management company, has announced it will offer Kraken's subsidiary xStocks service to institutional and qualified investors in certain Asian markets. The firm is acting as the regional distributor for xStocks under a partnership agreement with fintech company MetaComp and Payward. xStocks provides tokens collateralized 1:1 with listed stocks, supporting over 700 assets according to Dune Analytics.