Kraken has launched 24/7 tokenized trading of over 50 U.S. stocks and ETFs using Solana-based xStocks.
xStocks are backed 1:1 by real shares held by Backed Finance and can be exchanged for cash.
Kraken is the first major exchange to successfully introduce tokenized U.S. equities globally, aiming to disrupt traditional equity access.
The xStocks program offers access to assets like Nvidia, Apple, Tesla shares, and ETFs without time restrictions or high fees, marking a step towards democratizing U.S.-listed equities globally.