Kraken Launches Tokenized U.S. Stocks for Global Clients

Kraken Launches Tokenized U.S. Stocks for Global Clients

Cryptocurrency exchange Kraken has announced the rollout of tokenized U.S. equities for non-U.S. clients, signaling a strategic expansion beyond traditional crypto offerings. This initiative, developed in partnership with Backed Finance, will leverage the Solana blockchain to deliver digital tokens backed 1:1 by actual shares, providing a seamless gateway to U.S. stock exposure for international investors. Branded as “xStocks,” the new produc...

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