Kraken Revolutionizes Trading with 24/7 Tokenized U.S. Stocks on Solana

Kraken has made history by becoming the first major cryptocurrency exchange to launch tokenized U.S. equities, enabling round-the-clock trading of over 50 stocks and ETFs on the Solana blockchain. This groundbreaking initiative, powered by Solana-based xStocks, seamlessly merges traditional finance with blockchain technology, offering global investors unprecedented access to blue-chip assets like Nvidia, Apple, and Tesla. Each xStocks token is fully backed 1:1 by real shares held by Backed Finance, ensuring transparency and trust in this innovative financial ecosystem.

Kraken Pioneers 24/7 Tokenized U.S. Stock Trading on Solana

Kraken has become the first major cryptocurrency exchange to successfully launch tokenized U.S. equities, offering round-the-clock trading of over 50 stocks and ETFs through Solana-based xStocks. The platform’s innovative approach bridges traditional finance with blockchain technology, enabling global access to blue-chip assets like Nvidia, Apple, and Tesla.

Each xStocks token is backed 1:1 by real shares held by Backed Finance, with redeemability for cash ensuring asset-backed credibility. This development marks a significant milestone in institutional crypto adoption, particularly notable after Binance’s failed 2021 attempt at similar offerings.

The inclusion of major ETFs such as SPDR S&P 500 (SPY) and SPDR Gold Shares (GLD) demonstrates Kraken’s strategic positioning at the intersection of decentralized finance and traditional markets. Solana’s blockchain infrastructure provides the technical foundation for this 24/7 trading capability.

Kraken to Tokenize Apple, Tesla, and Nvidia Stocks on Blockchain

Cryptocurrency exchange Kraken is set to revolutionize traditional equity markets by introducing tokenized versions of Apple (AAPL), Tesla (TSLA), and Nvidia (NVDA) stocks. This initiative bridges the gap between conventional finance and blockchain technology, offering global investors 24/7 trading access to major U.S. equities.

The service, initially targeting international customers, circumvents traditional brokerage restrictions and high fees. Continuous liquidity and extended trading hours align with crypto market operations, potentially attracting a new wave of institutional and retail participants.

Wall Street Journal reports indicate a phased rollout beginning in non-U.S. jurisdictions within weeks. Kraken’s MOVE signals growing institutional acceptance of blockchain’s utility in traditional asset tokenization.