Kraken’s Bold Move: Tokenized Stocks to Revolutionize 24/7 Trading?
Kraken is launching over 50 tokenized U.S. stocks and ETFs, like Apple and Tesla, for non-U.S. investors on Solana. Will 24/7 trading reshape global markets? Dive into the future of finance!
Kraken, a leading cryptocurrency exchange, is set to launch tokenized versions of over 50 U.S. stocks and ETFs, including giants like Apple, Tesla, and Nvidia, for non-U.S. clients, as reported by The Wall Street Journal on May 22, 2025. Branded as xStocks, these tokens, built on the Solana blockchain, will enable 24/7 trading, bypassing traditional market hours. Partnering with Backed Finance, Kraken ensures each token is backed by real securities, maintaining price alignment with the underlying assets.
This move targets investors in Europe, Latin America, Africa, and Asia, addressing the high costs and limited access of traditional brokerages. Tokenization, a growing trend, uses blockchain to make assets more liquid and accessible. Kraken’s initiative follows its U.S. equities trading rollout for 10 states, signaling a broader strategy to bridge crypto and traditional finance.
For new investors, this offers a chance to trade U.S. stocks anytime, but regulatory hurdles loom—Binance faced similar issues in 2021. Kraken is working with regulators to ensure compliance. While this could boost liquidity and democratize investing, volatility and legal risks remain. Watch this space as tokenization reshapes global markets.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
