Kraken Expands Crypto Services with Tokenized U.S. Stocks on Solana

Kraken, a leading U.S.-based cryptocurrency exchange, is set to revolutionize global investing by offering tokenized shares of major U.S. companies like Apple, Nvidia, and Tesla through the Solana blockchain. This innovative service, named xStocksFi, aims to provide international investors with fast, scalable, and borderless access to traditional equities. Partnering with Solana and BackedFi, Kraken underscores its commitment to bridging the gap between crypto and traditional finance.

Kraken to Offer Tokenized U.S. Stocks via Solana for Global Investors

Kraken, the U.S.-based cryptocurrency exchange, is expanding its services to international investors with a new offering: tokenized shares of major U.S. companies like Apple, Nvidia, and Tesla. The platform, dubbed xStocksFi, will initially operate on the solana blockchain, leveraging its speed and scalability.

Partnerships with Solana and BackedFi aim to ensure the service remains fast, borderless, and adaptable. Kraken emphasizes these collaborations will enhance reliability and accessibility for users outside the U.S., marking another step toward bridging traditional equities with crypto infrastructure.

Kraken Launches Pi Network Perpetual Futures with 20x Leverage for U.S. Traders

Kraken has introduced perpetual futures contracts for Pi Network’s PI token, marking its first major exchange listing. The offering allows traders to take Leveraged positions of up to 20x on Kraken Pro, with support for over 360 markets and 40 collateral options. Despite the milestone, PI’s price dipped 3.5% to $0.7821 amid concerns about volatility and centralization.

The perpetual contracts eliminate expiration dates, providing continuous exposure. U.S. traders gain streamlined access without additional regulatory barriers, potentially increasing liquidity. Kraken’s MOVE signals growing institutional interest in niche altcoins, though market reaction remains cautious.