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Kraken Launches 24/7 Tokenized U.S. Stock Trading with Solana-Based xStocks

  • 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.

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