Kraken is broadening the reach of its tokenized stock product, xStocks, through a new integration with Trust Wallet. This partnership allows users to directly buy and hold 60 different tokenized equities in the self-custody wallet.
Key to the expansion is the continued issuance of xStocks by Backed, which creates the tokens as fully collateralized assets with 1:1 backing for each real-world equity. Since their launch in June, these tokens have surged past $4 billion in total trading volume.
The integration makes these assets accessible across multiple blockchains, including Ethereum, Solana, and BNB Chain, effectively putting tokenized versions of major U.S. company stocks directly into the wallets of millions of users.
“This places open, tokenized equities directly into the hands of millions, alongside the crypto they use every day,” said Kraken co-CEO Arjun Sethi.
The move highlights the crypto industry’s accelerating push to bridge traditional finance with digital assets, as Kraken and competitors like Coinbase and Robinhood advance their own tokenized equity offerings.
