Kraken Launches Tokenized US Stocks and ETFs on Solana
- Kraken partners with Backed to introduce xStocks, tokenized US equities.
- xStocks will be issued as SPL tokens on the Solana blockchain.
- Available to eligible clients in select non-US markets via Kraken’s app.
- xStocks can be traded on Kraken’s platform and onchain through compatible wallets.
- Solana chosen for its performance, low latency, and global ecosystem.
Kraken has teamed up with Backed to launch xStocks, offering tokenized versions of US stocks and ETFs using Solana’s blockchain technology. These assets are available to eligible non-US clients through Kraken’s app and can be traded both on the platform and onchain.
Source (2.6)https://dailyhodl.com/2025/05/23/kraken-taps-solana-blockchain-to-roll-out-tokenized-american-stocks-and-etfs-for-non-us-traders/?rand=59076
