Kalshi, a CFTC-regulated exchange in the US overseen by the Commodity Futures Trading Commission, has announced the strategic commencement of integrating its tokenized event contracts with the Solana blockchain. This move, part of a phased rollout, aims to merge the Traditional Finance (TradFi) market with the Decentralized Finance (DeFi) space, broadening access to prediction markets and offering new features for digital asset users, reports The WP Times with reference to Telegram.
Kalshi decided to tokenize its event futures contracts, converting them into Non-Fungible Tokens (NFTs) that will be represented on the Solana network. This mechanism will allow users of the Solana ecosystem not only to trade these assets but also to use them natively in the DeFi environment—for example, for lending or as collateral. The integration’s goal is to attract billions of dollars of liquidity already existing within the DeFi space.
The choice of Solana was dictated primarily by its technical advantages. Tarek Mansour, Co-founder and CEO of Kalshi, noted that Solana is an ideal fit due to its high speed and low fees. He emphasized the company's ambition: to "tokenize every asset, everywhere," making prediction markets more accessible and liquid for a global audience.
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