Anthropic IPO: Kraken allows you to participate with your stablecoins

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https://cryptoast.fr/ipo-danthropic-kraken-permet-dy-participer-avec-vos-stablecoins/

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Kraken has opened access to Anthropic's IPO on its app, website and Kraken Pro. Participation takes place through the xStocks IPOs, under the ticker ANTx, and can be financed in dollars, but also in USDC or USDG.

This is what distinguishes Kraken from traditional brokers who participate in the operation: it is not necessary to go through a bank account to mobilize funds already placed in stablecoins.

The principle is simple: you indicate the amount with which you wish to participate, and these funds are reserved without being debited. In case of allocation, you receive ANTx at the introductory price, plus a spread of 5%. As a reminder, Anthropic's price range is set between $70 and $78 per share.

The offer is open to verified customers residing in the European Economic Area, which includes France, but also Belgium and Luxembourg. Moreover, these two countries are not part of Anthropic's public offering intended for individuals, limited to 9 European countries. Kraken therefore offers them an entry point thanks to the xStocks IPOs.

Procedure to follow to try to obtain an allocation of ANTx tokens via Kraken

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ANTx is a tokenized stock: each token is backed 1:1 by a real Anthropic stock, held by Backed Assets (JE) Limited, the issuer of xStocks. Its value therefore follows that of the security listed on Nasdaq.

However, these are not actions in the strict sense. ANTx provides exposure to price only, without voting rights or shareholder status. Any dividends are passed on via an adjustment in the number of tokens.

In return, tokenization offers more flexibility. Allocated ANTx tokens arrive in your wallet on listing day and can be traded as soon as markets open without a lock-up period. In the EEA, they trade 24 hours a day, 5 days a week, therefore also outside Nasdaq hours.

Here are the steps to follow to submit your request on Kraken:

First, the allocation is not guaranteed. It is decided by the banks responsible for the introduction based on demand, and not according to the order of arrival. Given the excitement around Anthropic's IPO, which is already largely oversubscribed, it may be total, partial or zero.

The reserved funds remain blocked until the allocation is processed. Those which are not allocated are returned in dollars on the same day of the listing, including if they had been deposited in stablecoins.

Then the request can be canceled free of charge until the deadline indicated on your account. It is not possible to modify the amount: you must cancel, then submit a new request.

Want to know more? Discover our full review of Kraken

Clément invested in Bitcoin in 2017 and has been following the evolution of the crypto ecosystem for 9 years. Having become publication director of Cryptoast, he strives to make these subjects accessible to as many people as possible through rigorous, educational and in-depth content. He has published more than 2,000 articles covering Bitcoin, other cryptocurrencies, exchange platforms, wallets, DeFi and the taxation of crypto-assets. He is co-author of the book Bitcoin and other cryptocurrencies, published by Editions Larousse, a reference work intended to popularize the mechanisms of blockchain and cryptoassets to the general French-speaking public. He also collaborated with the bank Delubac & Cie to produce educational sheets on cryptocurrencies. Thanks to a dedicated and passionate team, Cryptoast has become an essential reference in the French-speaking sector, providing in-depth analyzes and relevant information for all enthusiasts and curious people in the world of cryptocurrencies and blockchain.

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