Analysis

Kraken Taps Solana Blockchain To Roll Out Tokenized American Stocks and ETFs for Non-US Traders

Published

4 months ago

May 23, 2025

The San Francisco-based crypto alternate brings tokenized variations of well-liked American listed shares and exhibition-related funds (ETF) to its clients in chosen non-American markets.

In an announcement, crack out It collaborated with the Tokenized and ETF -Mittent supported to launch Xstocks on the Solana (SOL) blockchain.

Xstocks, a tokenized inventory mark developed by Backed, faucets blockchain expertise to supply tokenized variations of US shares.

Says Kraken International Head of Shopper Mark Greenberg,

‘Entry to conventional US shares stays gradual, costly and restricted. With Xstocks we use blockchain expertise to ship one thing higher – open, quick, accessible and grenzo publicity to a number of the most iconic corporations in America. That is what the way forward for investing seems to be like. ”

Kraken says that Xstocks property shall be issued as SPL -Tokens, the usual token format on the Solana Blockchain, and shall be accessible for eligible clients through the app.

“These Xstocks property may be traded on our platform and on Onchain through suitable pockets suppliers, in order that customers can use their Xstocks as collateral in methods that’s merely not attainable through Tradfi.”

Crack out Solana is chosen because the launch chain for Xstocks due to the efficiency of the blockchain, low latency and flourishing worldwide ecosystem.

The alternate says that it’s planning to increase the attain of Tokenized Activa and the areas of regulation the place Xstocks is supported.

Observe us on X” Facebook And Telegram

Do not miss a beat – Subscribe to get e -mail notifications on to your inbox

Verify worth promotion

Surf the Each day Hodl -Combine