Kraken has launched Backed’s xStocks in Europe, enabling eligible investors to trade tokenized stocks on Solana with 24/5 access, cross-platform transferability, and self-custody options — expanding European access to tokenized securities without traditional broker intermediaries.
Kraken now offers tokenized stocks via Backed’s xStocks to eligible European clients.
Trades run 24/5 with interoperability across compatible wallets and platforms.
Supports self-custody and custody-free transfers; initial rollout excludes the US, UK, Canada, Australia and some EU jurisdictions.
tokenized stocks — Kraken xStocks live in Europe; trade US-equity certificates 24/5, move assets freely. Learn how to access xStocks today.
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What are tokenized stocks and how do they work?
Tokenized stocks are blockchain-represented certificates that mirror ownership or exposure to traditional equities. They enable fractional ownership, 24/5 trading, and programmatic transfers while preserving links to the underlying asset through issuer custody arrangements and regulatory frameworks.
How does Kraken xStocks operate in Europe?
Kraken xStocks uses Backed’s tokenized certificates on the Solana blockchain to offer eligible European clients access to tokenized securities. Trades run 24/5 and users can move assets across compatible platforms or opt for self-custody, subject to jurisdictional eligibility and KYC checks.
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Kraken says the EU expansion aligns with its growth strategy and regional market presence. Mark Greenberg, Kraken’s global head of consumer, said the move removes barriers to US market exposure and increases transparency and accessibility for European investors.
Tokenized securities are a growing trend in Europe, with similar products offered by other platforms. Differences typically include custody models, blockchain choices, and jurisdictional coverage.
Kraken initially rolled out tokenized securities in June with broader plans to offer xStocks to clients across over 140 countries. The European launch is a continuation of that phased global expansion, excluding certain markets such as the US, UK, Canada and Australia.
Tokenized stocks rely on issuer custody arrangements and must comply with local securities rules. Kraken and Backed operate within applicable regulatory frameworks and conduct KYC/AML checks for eligible users in supported jurisdictions.
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