<ul><li>Kraken is introducing a platform called xStocks to offer tokenized versions of major U.S. stocks like Apple, Tesla, and Nvidia on the Solana blockchain, providing global investors with 24/7 access to trading.</li><li>The xStocks platform aims to expand access to equities by delivering blockchain-based tokens that allow trading like cryptocurrencies, with lower fees, faster settlement, and constant availability, providing access to over 50 sought-after stocks and ETFs.</li><li>Each token on the xStocks platform mirrors the real-world value of the underlying asset, backed by custody partner Backed Finance, ensuring investors have assets backed by actual equity, not just speculative stand-ins.</li><li>Kraken's move follows Binance's failed attempt at tokenized stocks in 2021, with regulators shutting down the product, and comes as a notable move following Kraken's legal battle with the SEC, which was dismissed in March 2024 without penalties or admission of wrongdoing.</li></ul>

Kraken Tokenizes Apple, Tesla, Nvidia for Global 24/7 Equity Access

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