Kraken Expands Crypto Offerings with Tokenized Stocks of Apple, Tesla, and Nvidia on Solana Blockchain
Kraken, a leading cryptocurrency exchange, is set to revolutionize global trading by introducing tokenized versions of major U.S. stocks like Apple, Tesla, and Nvidia. This innovative move targets non-U.S. customers, allowing them to trade these assets using digital currencies on the efficient and cost-effective Solana blockchain. The service will initially roll out across Europe and Latin America, marking a significant step in bridging traditional finance with the crypto ecosystem.
Kraken to Launch Tokenized Stocks of Apple, Tesla, and Nvidia Globally
Kraken, a leading cryptocurrency exchange, is expanding its offerings to include tokenized versions of major U.S. stocks such as Apple, Tesla, and Nvidia. This move targets customers outside the U.S., enabling them to trade these assets using digital currencies. The initiative leverages the solana blockchain for its efficiency and low transaction costs.
The tokenized stocks will be available across Europe, Latin America, Asia, and Africa, providing access to over 50 stocks and ETFs, including SPY and GLD. This development marks a significant step in bridging traditional finance with the digital asset ecosystem, offering round-the-clock trading opportunities.
Kraken Launches Tokenized U.S. Stocks and ETFs for Non-U.S. Investors via Blockchain
Kraken is bridging the gap between cryptocurrency and traditional finance with its latest offering—tokenized U.S. stocks and ETFs. The exchange will provide non-U.S. clients access to over 50 equities, including Apple, NVIDIA, Tesla, and BlackRock funds, all tradable on the blockchain. These assets, branded as xStocks, are fully backed 1:1 by real shares and redeemable for cash at any time.
The initiative, powered by Backed, eliminates intermediaries like brokers and banks, enabling 24/7 trading. Kraken’s MOVE capitalizes on growing global demand for seamless access to U.S. markets while leveraging blockchain efficiency.
