In the latest example of the ongoing convergence between the worlds of crypto and traditional assets, investors can now purchase tokenized versions of popular stocks and store them off-line in a secure physical device. This new arrangement—which harkens back in a sense to the days when people held paper stock certificates in a safe—comes via a partnership announced on Thursday between the hardware wallet maker Ledger and Payward, the parent company of longtime crypto exchange Kraken.
For those unfamiliar with crypto hardware wallets, they are considered highly secure because they allow users to store digital assets on a physical device that is not connected to the internet. This method of holding assets, known as “cold storage,” has long been popular with hardcore Bitcoin devotees who are reluctant to entrust their assets to a third party or store them online where hackers can target them.
