Kraken announced a partnership with Solana to offer tokenized U.S.-listed stocks and ETFs to eligible users in select non-U.S. markets.
Backed introduced xStocks for tokenized equities, with Kraken being the first exchange partner, leveraging Solana for speed and cost-efficiency.
The goal is to bridge traditional finance and DeFi by enabling 24/7 market access, with Kraken expanding tokenized equity offerings across Europe and Australia soon.
Solana Foundation and Kraken view the partnership as a significant step in merging public blockchain technology with regulated financial products.