Kraken is set to roll out xStocks, a new service offering over 55 tokenized stocks and ETFs—including major names like Apple—for users outside the U.S. Developed in partnership with the tokenization platform Backed, xStocks will be integrated with Solana’s DeFi ecosystem and available to customers in Europe, Latin America, Africa, and Asia.
This move is part of Kraken’s broader push into multi-asset trading and reflects its belief in the massive potential of tokenized equities. Co-CEO Arjun Sethi has stated that tokenized stocks could eventually surpass the $240 billion stablecoin market, especially with the addition of derivatives like futures and options.
The initiative also aims to solve long-standing access issues faced by international investors trying to trade U.S. stocks. Kraken’s $1.5 billion acquisition of NinjaTrader in March further underscores its ambition to become a one-stop trading hub for both digital and traditional assets.
As tokenized assets gain traction, Kraken is positioning itself at the forefront of a major shift in global finance.
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