Kraken Launches xStocks, Tokenized U.S. Equities for Global Investors

Details

• Kraken is rolling out xStocks, tokenized versions of 60 U.S. stocks and ETFs, fully backed 1:1 and issued on-chain for eligible non-U.S. clients.
• These tokens trade 24 hours a day, five days a week on Kraken, and can be withdrawn to self-custodial Solana wallets for true 24/7 on-chain access.
• xStocks allow for fractional ownership starting at just $1, with the potential to use tokens in DeFi protocols for collateral, lending, and more.
• Each xStock is a Solana-based SPL token, transparently backed by equivalent traditional equities held in regulated custody.
• Kraken plans rapid expansion of the xStocks offering and its geographic reach, targeting over 140 countries and exploring the addition of weekend trading in the future.

Impact

With xStocks, Kraken bridges traditional and decentralized finance, giving global investors round-the-clock access to U.S. equities without a conventional brokerage account. This move enhances liquidity, democratizes fractional ownership, and brings equities directly into the blockchain ecosystem. As tokenized equities gain momentum, Kraken is positioned at the forefront of a financial transformation that could reshape global investing.