Kraken is expanding its offering for European investors by launching xStocks, a platform that enables direct trading of tokenized U.S. stocks and ETFs via the Kraken app.
What is xStocks and Why It Matters
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xStocks represents digital versions of real U.S. stocks and ETFs powered by blockchain technology.
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The launch aims to simplify European investors’ access to U.S. markets, removing traditional brokerage barriers.
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Initially, the infrastructure runs on the Solana blockchain, with plans to add support for other networks.
“Expanding xStocks to the European Union was a natural next step for Kraken … with xStocks we’re removing many of the barriers.” — Mark Greenberg, Global Head of Consumer, Kraken
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Key Insights and Outlook
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The rollout of xStocks in the EU is part of Kraken’s broader global growth strategy.
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The tokenized assets market is projected to reach trillions of dollars by 2030.
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However, regulatory frameworks across different regions will play a crucial role in shaping adoption and compliance.
Original source: deCrypto News — Kraken Introduces Tokenized Equities Platform xStocks to European Market