Kraken Expands into Traditional Finance with Tokenized U.S. Stocks and ETFs on Solana

Kraken, a leading global cryptocurrency exchange, is bridging the gap between crypto and traditional finance by launching tokenized U.S. stocks and ETFs for non-U.S. clients. This innovative offering, powered by Backed’s xStocks and built on the Solana blockchain, will enable 24/7, borderless access to American equities. The tokenized assets will be issued as SPL tokens on Solana, allowing trading on Kraken’s platform and on-chain. This move marks a significant step in Kraken’s mission to democratize access to financial markets through blockchain technology.

Kraken to Offer Tokenized U.S. Stocks and ETFs on Solana Blockchain

Kraken, the global cryptocurrency exchange, is making a bold move into traditional finance by introducing tokenized versions of U.S. stocks and ETFs for non-U.S. clients. This initiative, powered by Backed’s xStocks and built on the solana blockchain, aims to provide 24/7, borderless access to American equities.

The tokenized assets will be issued as SPL tokens on Solana, enabling trading on Kraken’s platform and on-chain via compatible wallets. This innovation allows users to leverage xStocks as collateral in ways not possible through traditional financial systems.

"We’re reimagining equities investing," Kraken stated, signaling a potential shift in how global investors access U.S. markets. The Solana blockchain’s efficiency positions this offering as a direct challenge to legacy finance infrastructure.

Kraken+ Ushers in a New Era: Zero Fees, Premium Subscription, and More!

Kraken+ is redefining crypto accessibility with a revamped mobile app, zero trading fees, and a premium subscription model. The platform’s overhaul focuses on intuitive navigation, portfolio management, and seamless trading—catering to both novices and veterans.

This MOVE signals intensifying competition among exchanges to lower barriers for retail and institutional investors. By eliminating fees, Kraken+ pressures rivals to reconsider pricing structures while potentially accelerating mainstream adoption.