Kraken launches tokenized U.S. stocks with 24/5 trading via xStocks
2025-06-30 12:56:27
Main Idea
Kraken launched xStocks, offering tokenized U.S. stocks and ETFs, enabling users to trade these assets on the blockchain with 1:1 backing by real stocks.
Key Points
1. Kraken introduced xStocks, providing over 60 tokenized U.S. stocks and ETFs, including Nvidia, Apple, and Tesla.
2. The tokenized assets are backed 1:1 by real stocks and issued as SPL tokens on the blockchain.
3. Users can withdraw xStocks tokens to their wallets, making them self-custodial.
4. xStocks is not available in certain regions, including the U.S., Canada, the U.K., and the EU, due to regulatory requirements.
5. xStocks do not confer dividends, making them more suitable for high-growth stocks like Tesla and Nvidia.
Description
Kraken has rolled out xStocks, offering over 60 tokenized U.S. stocks and ETFs, including Nvidia, Apple, Tesla, and more. Crypto platforms are increasingly integrating TradFi features. On Monday, June 30, crypto exchange Kraken launched xStocks, enabling users to trade tokenized securities. Traders are now able to gain exposure to several major stocks , including Nvidia, Apple, Tesla, GameStop, and more. Through xStocks, Kraken will offer tokenized versions of 55 U.S. stocks and 5 ETFs. These as...
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