[Kraken Opens Jersey Mike's IPO Subscription and Tokenized Stock Application to Retail Investors] Odaily Planet Daily News: Cryptocurrency exchange Kraken has opened Jersey Mike's planned IPO subscription to retail investors. Eligible U.S. users can apply to purchase ledger-based stocks at the IPO price, while users from over 110 countries and regions can apply for tokenized stocks, JMKEx. JMKEx is backed 1:1 by underlying stocks, which are held in custody by regulated institutions. Allocation results are determined by the IPO underwriters, and allocation is not guaranteed. After the IPO is completed, JMKEx will be traded on Kraken and participating xStocks Alliance platforms five days a week, 24 hours a day. Kraken stated that tokenized stocks can be transferred between platforms participating in the xStocks Alliance, integrated on-chain, and connected to compatible decentralized finance applications. Jersey Mike's is a U.S. sandwich chain brand with over 3,300 stores. The expected issuance price is $21 to $25 per share, and it will be listed on the New York Stock Exchange under the ticker JMKE.