From Wall Street to your wallet: Tokenized equities now available on Kraken
2025-06-30 12:59:13
Main Idea
Kraken is launching tokenized U.S. equities for eligible non-U.S. clients, powered by Backed's xStocks, aiming to democratize investing and leverage crypto innovation for a more flexible and accessible financial system.
Key Points
1. Kraken is listing 60 tokenized assets initially, with plans to expand to 185+ countries and increase the number of available xStocks.
2. Tokenized equities (xStocks) can be traded 24/5, withdrawn to self-custodial wallets, and used as collateral in DeFi, offering advantages over traditional equities.
3. The initiative aims to shift financial power to individuals by removing intermediaries, borders, and delays, making markets more accessible and inclusive.
4. xStocks are issued by Backed Assets (JE) Limited and offered via Payward Digital Solutions Ltd., with no registration under local securities regulators.
5. The launch begins with SPL-based tokens on Solana, with plans to expand support to other blockchains in the future.
Description
We believe access to financial opportunity should be a universal right, not a privilege determined by geography or restricted by outdated infrastructure. Crypto adoption is reshaping global finance, tearing down long-standing barriers to capital markets. Today, we’re excited to announce the phased launch of tokenized U.S. equities through Kraken’s platform, giving eligible non-U.S. clients seamless exposure to some of America’s most iconic stocks and ETFs. This marks a major milestone in our amb...
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