TLDR
- Kraken has partnered with Trust Wallet to expand access to its tokenized equities product, xStocks.
- The integration allows Trust Wallet users to trade 60 different xStocks using local fiat currencies.
- Users can deposit and withdraw across multiple blockchains including Solana, Ethereum, and BNB Chain.
- Kraken aims to provide tokenized equities to over 200 million Trust Wallet users worldwide.
- Geographic restrictions apply, with xStocks not available in the US, UK, Canada, or Australia.
Kraken has expanded the reach of its tokenized equities product xStocks through a new partnership with Trust Wallet. The move connects more than 200 million wallet users to 60 tradable xStocks. However, regional restrictions and securities laws still limit access to many jurisdictions.
Kraken and Trust Wallet Expand Tokenized Equities
Kraken announced that Trust Wallet integration will extend access to tokenized equities globally. Users can now buy, hold, and trade xStocks directly. The service supports local fiat currencies and works across Solana, Ethereum, Tron, and BNB Chain.
The company described the development as a major shift in digital asset markets. “This is more than integration it’s a paradigm shift,” said Kraken Co-CEO Arjun Sethi. He emphasized that global markets should operate without borders and barriers.
Trust Wallet CEO Eowyn Chen highlighted the partnership’s importance. She said the initiative bridges Web3 tools with traditional financial markets. Kraken framed the rollout as putting tokenized equities “directly into the hands of millions.”
Interoperability Key to Kraken’s Tokenized Equity Future
Despite the large user base, not all Trust Wallet holders qualify to trade xStocks. Securities remain subject to strict regulation across jurisdictions. Therefore, access will depend on geographic rules and compliance standards.
Ross Shem of Stobox noted that tokenized securities remain bound by investor protection laws. “The only thing they share with crypto is the underlying technology,” Shem explained. He stressed that regulation, not technology, defines eligibility for trading.
Kraken confirmed that xStocks are unavailable in the United States. Restrictions also apply to residents in the United Kingdom, Canada, and Australia. The company acknowledged the need for Know Your Customer checks to comply with standards.
Kraken reported strong demand for its tokenized equity offering since launch. The firm stated xStocks had generated over $4 billion in combined trading volume. The figures include activity on both centralized and decentralized exchanges.
The company also expanded services to eligible clients in the European Union. It confirmed that the rollout covers most EU states but excludes several key markets. As a result, the available user pool is narrower than the headline figure suggests.
Backed co-founder Adam Levi emphasized the importance of interoperability. He said crosschain accessibility represents a “public good” in tokenized markets. Kraken sees this integration as an important step toward broader mainstream adoption.
The post Trust Wallet Joins Kraken to Launch Tokenized Equities on xStocks appeared first on Blockonomi.
Source: https://blockonomi.com/trust-wallet-joins-kraken-to-launch-tokenized-equities-on-xstocks/