Kraken Launches Tokenized Apple Tesla Shares

Kraken to Launch Tokenized Stocks for Non-US Customers

• Kraken plans to offer over 50 tokenized stocks and ETFs, including Apple, Tesla, and Nvidia.
• The tokenized assets will be available on the Solana blockchain, allowing 24/7 trading.
• Each xStock will be backed 1:1 by real shares of the underlying asset.
• The initiative aims to reduce fees and settlement times for international investors.
• Kraken is working with regulators to expand its tokenized stock offerings globally.

Kraken is set to introduce more than 50 tokenized US stocks and ETFs for non-US customers, enabling continuous trading on the Solana blockchain. This move seeks to make American equities more accessible by lowering costs and improving transaction efficiency. Each token will correspond directly with a real share held by Kraken’s partner, Backed Finance.