Kraken exec: Tokenization will redefine money

Mark Greenberg, head of Kraken's consumer division, told CNBC that tokenization allows anything to become money and is changing the very concept of the term. He argued that the era of money being limited to just fiat or local currencies is over. Greenberg explained that tokenization enables nearly any asset to be stored and transferred instantly between platforms, facilitating immediate settlement for stock trades. He assessed that this will overcome the limitations of a securities infrastructure that has remained largely unchanged for the past 50 years.