The Kraken platform is set to provide 24/7 trading of tokenized US stocks and ETFs exclusively for non-US traders. The initiative allows investors to access well-known American securities at any time. It blends conventional markets and blockchain tech in a fresh and accessible manner.
Kraken is introducing xStock, a new tokenized equities brand developed with Backed Finance. These tokens will allow investors to trade U.S. stocks electronically. It bridges the gap between cryptocurrency and traditional finance.
Users can own and exchange tokens that reflect real stocks such as Apple and Tesla but on a blockchain platform. It presents new possibilities for non-U.S. investors to participate in American markets in a seamless and digital manner.
Inside the xStock & Kraken Launch
Kraken’s new offering, called xStock, includes over 50 major U.S. stocks and ETFs, such as Tesla, Nvidia, and Apple. Its tokens are 1:1 backed by actual shares properly secured by Backed Finance. Unlike regular markets available only during business hours, Kraken’s platform facilitates 24/7 trading. This means anyone around the globe can purchase and sell stocks at any given moment.
The offering targets non-U.S. traders. It extends Kraken’s reach over its U.S. launch of commission-free trading on over 11,000 stocks and ETFs. Kraken Securities, a FINRA-regulated broker-dealer, drives this offering. It guarantees the platform’s compliance with regulatory requirements.
The launch rollout is unfolding phase by phase, and expansion into further stocks and ETFs will follow shortly. This development positions Kraken as a key player in uniting traditional finance and crypto.
Community Feedback and Kraken’s Vision Ahead
Lou Frang, Kraken’s head of consumer marketing and brand partnerships, commented under co-CEO Arjun Sethi’s announcement post. He said “Permissionless. 24-7. On-chain. Global. Let’s go.” This marks a step forward in making global markets more accessible to everyone.
Kraken referred to this launch as an “all-in-one trading powerhouse” and stressed seamless asset management. This contrasts with Binance’s previous tokenized share efforts, which encountered regulatory issues. The regulated solution provided by Kraken represents a safer and enduring option.
Kraken’s co-CEO Arjun Sethi described the launch as a step toward borderless and continuous trading based on cryptocurrency infrastructure. The firm plans to expand xStock trading to the UK, Europe, and Australia after securing regulatory approvals.
This development distinguishes Kraken as a pioneer in tokenization by driving financial markets toward accessibility.
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