Kraken Shatters Wall Street’s Ivory Tower—Tokenized US Stocks Go Live

Traditional finance just got a blockchain facelift. Kraken’s latest move lets traders swap paper-backed stocks for digital versions—no middlemen, no 9-to-5 market hours. Finally, your Tesla shares can moon alongside your Dogecoin.

Wall Street’s old guard must be sweating into their Brooks Brothers suits. Tokenization doesn’t just cut settlement times from days to seconds—it turns NYSE blue-chips into 24/7 tradable assets. Imagine buying Apple at 3 AM while hedge funds sleep. The irony? This ‘innovation’ is what stocks should’ve been all along.

Of course, the SEC will still take their pound of flesh in compliance overhead. Some things never change—not even on-chain.

In brief

• Kraken launches xStocks with Backed to offer tokenized US stocks on Solana.
• These crypto assets will be available 24/7 in certain markets outside the United States.
• Users will be able to trade, transfer, or use xStocks as decentralized collateral.
• The initiative responds to rising expectations for freer and more accessible financial solutions.

Kraken draws: crypto enters the arena of stocks

Coinbase opened the ball with the integration of the S&P 500 on its platform. Today, Kraken follows suit and is stepping up the pace. The California-based exchange. Named, this project will allow clients outside the United States to… but in crypto form.

Through, investors will now be able to trade these stocks 24/7. The system promises unprecedented accessibility: no schedules, no borders, no intermediaries.

We are reimagining stock investment and responding to a new demand from our clients.

This unique, open, and programmable architecture opens the door to a new finance — much more flexible than TradFi.

Tokenization and Solana: a strategic fusion with great potential

The choice of theis no accident.: it checks all the boxes for a global-scale service. xStocks are thus designed to integrate into DeFi and CeFi ecosystems and to be used as collateral.

At their launch,in certain non-US markets, with progressive expansion. Arjun Sethi, co-CEO of Kraken, summed up the vision:

We are building a financial architecture that is accessible, borderless, and without time constraints.

Kraken’s bet is also that of competition: Robinhood and even BlackRock are investing in tokenization. Binance’s failure in 2021 remains a warning, but political signals have changed: looser regulations under TRUMP have created fertile ground.

Exchange war: when crypto redefines investment

The race is on.. Kraken, Coinbase, Robinhood… All are betting on real-world assets in digital form. Innovation becomes vital.

Some key figures on the tokenization of real-world assets (RWA):

• +42.8%: growth of the RWA market between January and May 2025;
• $22.7 billion: current capitalization of the sector;
• $373.4 million: share of stocks in this market;
• 11,000: securities available on Kraken’s classic stock platform for US clients;
• 50+: stocks offered in the xStocks project

With, Kraken aims to attract users tired of traditional limits. The ground is fertile: demand is booming, tools are mature, and crypto is establishing itself as an alternative.

Kraken does not intend to stop there. The platform is currently in talks with Goldman Sachs and JPMorgan to raise one billion dollars. The goal? Successfully complete its initial public offering planned as early as the first quarter of 2026. This project marks a strategic transformation: Kraken wants to establish itself as a key institutional player in crypto.

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