Kraken Launches Tokenized U.S. Stocks for Global Trade

Kraken has launched xStocks, letting users outside the U.S. trade tokenized U.S. stocks via the Solana blockchain platform, available 24 hours a day five days a week.

As detailed in the Kraken blog, this move aims to foster broader investment access by leveraging tokenization. The launch of xStocks represents a significant evolution in combining traditional and decentralized markets, potentially driving demand for Solana-based assets and influencing future market structures.

Kraken Launches Tokenized U.S. Stocks for Global Trade

Kraken has unveiled xStocks, a new service allowing non-U.S. clients to trade tokenized shares on the Solana blockchain. Collaborating with Backed, Kraken is ensuring legal compliance by adhering to Swiss standards. Currently, over 60 U.S. stocks, including Apple and Tesla, are available.

This initiative enables round-the-clock trading, offering investors a novel way to access traditional stocks using blockchain technology. The service excludes U.S. persons, aligning with U.S. securities laws and focusing on Europe, Latin America, Africa, and Asia markets.

We’re reimagining equities investing and ushering in a new wave of demand from clients seeking better alternatives to the status quo. With xStocks, we’re using blockchain technology to deliver something better – open, instant, accessible and borderless exposure to some of America’s most iconic companies. This is what the future of investing looks like.

Solana Gains Momentum as xStocks Boosts DeFi Potential

Did you know? The introduction of tokenized stocks by Kraken echoes previous efforts like Binance’s, but by excluding U.S. users and adhering to Swiss laws, Kraken aims for greater longevity and regulatory compliance.

As of June 30, 2025, Solana (SOL) is trading at $150.52 with a market cap of $80.45 billion. Recent fluctuations see a 12.62% gain over the past week but a slight 0.41% drop in the last 24 hours. Data sourced from CoinMarketCap reveals a significant 17.49% rise over 90 days.

The Coincu research team highlights potential impacts on Solana’s infrastructure from increased xStocks usage. This venture may further integrate real-world assets into DeFi systems, possibly elevating blockchain adoption amidst growing global interest in decentralized finance solutions.