Kraken Users Can Register for Ōura IPO Through xStocks

Payward Services has announced that users of Kraken and other xStocks Alliance partners in over 110 countries can register for Ōura's upcoming IPO through xStocks. This move comes as Payward seeks to connect the pre-IPO allocation process directly with the tokenized secondary market.

The registration is a non-binding indication of interest, which does not guarantee an allocation of shares. Users are not buying Ōura shares simply by submitting their interest through Kraken or another xStocks Alliance platform.

Payward says that if the IPO proceeds, Ōura will become the fourth company to move through its IPO Access pipeline this year, following SpaceX, Bending Spoons, and Jersey Mike's. The tokenized product, ŌURAx, is expected to be available on listing day for eligible users.

The model aims to extend what crypto exchanges have been doing with existing public stocks into the IPO process itself, allowing users to transition from private-company exposure to a tokenized public-market instrument almost immediately.