Date: September 10, 2025 — Crypto exchange Kraken has introduced its xStocks platform in the European Union, allowing investors to trade tokenized versions of leading U.S. stocks and ETFs directly through the Kraken app.
Developed in partnership with Swiss fintech company Backed, the initiative provides blockchain-based ownership of equities without relying on traditional brokerage services. The platform is built on Solana, with plans to expand to additional blockchains, strengthening Kraken’s position in the decentralized finance (DeFi) sector.
Key highlights:
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Availability: xStocks are now accessible to EU-based users.
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Infrastructure: Powered by Solana, with upcoming integrations across multiple chains.
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Market Outlook: Analysts expect the global tokenized assets market to reach trillions of dollars by the 2030s.
Mark Greenberg, Global Head of Consumer Business at Kraken, commented:
“Expanding xStocks to the EU market was a natural step in our growth strategy. For years, access to U.S. markets has been overly complicated, but with xStocks we’re removing many of those barriers.”
Source: decrypto.news