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.
According to a recent blog post, Kraken is introducing xStock, a new tokenized equities brand developed with Backed Finance. These tokens will allow investors to trade U.S. stocks electronically, bridging the gap between cryptocurrency and traditional finance.
Users can own and exchange tokens reflecting real stocks such as Apple and Tesla on the Solana blockchain network. It presents new possibilities for non-U.S. investors to participate in American markets seamlessly and digitally.
Inside the xStock & Kraken Launch
Kraken’s new offering, 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, which are 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 and extends Kraken’s reach beyond 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 and 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. Kraken’s regulated solution 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. After securing regulatory approvals, the firm plans to expand xStock trading to the UK, Europe, and Australia.
This development distinguishes Kraken as a pioneer in tokenization by driving financial markets toward accessibility.
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