Kraken Launches xStocks Platform for European Investors to Trade U.S. Equities

Kraken has expanded its xStocks offering to millions of clients in the EU, allowing investors to trade tokenized U.S. equities and ETFs through its app.

Eligible European investors can access on-chain trading of tokenized stocks.
xStocks are blockchain-based representations developed with Swiss Fintech firm Backed.
These tokens mirror the value of actual stocks and can be traded like cryptocurrencies.
Investors have full control over their assets and can easily transfer them across platforms.
xStocks can be integrated into DeFi protocols for enhanced financial flexibility.
This rollout aligns with trends toward decentralization and democratization of finance.
The global tokenized asset market is projected to reach trillions by the 2030s.
xStocks operate as SPL tokens on the Solana blockchain, with plans for expansion to BEP-20 and Ethereum.