Kraken parent company Payward Services has opened non-binding interest registration for the expected initial public offering of Ōura through the xStocks ecosystem. Eligible Kraken users in more than 110 countries, along with customers of xStocks alliance partners, can register their interest before Ōura lists on Nasdaq. Payward said that if the IPO goes ahead, eligible investors will be able to access exposure to Ōura on the day of listing through a tokenized product called ŌURAx. The company said Ōura would be the fourth name handled this year through its IPO Access channel, following SpaceX, Bending Spoons, and Jersey Mike's. Payward described the model as an extension of how crypto exchanges already offer access to shares of listed companies, but applied to the IPO process itself by linking pre-IPO allocation workflows with a tokenized secondary market. xStocks is a tokenized equities product designed to support blockchain-based 24/7 trading. Payward also noted two limits: tokenized stocks are still unavailable in several jurisdictions, and the pre-IPO registration is explicitly non-binding and does not guarantee any allocation.
Payward Services, the parent company of Kraken, has opened non-binding interest registration for the expected IPO of Ōura through the xStocks ecosystem.
According to Payward, eligible Kraken users from more than 110 countries, as well as customers of xStocks alliance partners, can register interest before Ōura lists on Nasdaq. If the IPO proceeds, eligible investors will be able to access exposure to Ōura on the listing day through a tokenized product called ŌURAx.
Fourth company handled through IPO Access this year
Payward said that if Ōura completes its listing, it would become the fourth company processed this year through its IPO Access channel. The earlier names were SpaceX, Bending Spoons, and Jersey Mike's.
The company said this structure extends the approach crypto exchanges use for shares of already listed companies into the IPO process itself, with the aim of directly linking pre-IPO allocation workflows to a tokenized secondary market.
xStocks targets blockchain-based round-the-clock trading
xStocks is a tokenized equities product designed to support blockchain-based 24/7 trading. At the same time, tokenized stocks are still unavailable in several jurisdictions.
Payward also said the pre-IPO interest registration is explicitly non-binding and does not guarantee any allocation.
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