Kraken Revolutionizes Finance with xStocks: Tokenized U.S. Equities on Solana

Kraken has unveiled a transformative financial innovation with the launch of xStocks, a platform enabling the tokenization of U.S. equities on the solana blockchain. This groundbreaking development allows investors to trade fractional shares of major companies like Apple and Tesla around the clock, eliminating the constraints of traditional market hours and intermediaries. Backed by Swiss-regulated issuer BackedFi, each token provides real-time equity exposure while ensuring full regulatory compliance. The integration of xStocks into Kraken's ecosystem marks a significant leap forward in democratizing access to financial markets, offering unparalleled flexibility and efficiency for traders worldwide. This move underscores Kraken's commitment to pioneering blockchain-based solutions that bridge the gap between traditional finance and the burgeoning digital asset space.

Kraken Introduces xStocks: Tokenized U.S. Stocks on Solana Blockchain

Kraken is redefining accessibility in finance with xStocks, a groundbreaking innovation that tokenizes U.S. equities on the Solana blockchain. Investors can now trade fractional shares of companies like Apple or Tesla 24/7, bypassing traditional market hours and intermediaries.

Backed by Swiss-regulated issuer BackedFi, each token represents real-time equity exposure with full compliance. The integration transforms crypto wallets into stock portfolios—merging regulatory rigor with blockchain's programmability and transparency.

This MOVE signals a broader convergence of TradFi and DeFi, where Kraken emerges as a bridge between institutional-grade assets and decentralized infrastructure. Solana's high-throughput network provides the technical backbone for this liquidity revolution.

Kraken and Backed Expand Tokenized Stocks to BNB Chain as RWA Momentum Accelerates

Kraken and Backed Finance are bridging traditional equities with decentralized finance by introducing tokenized stocks on BNB Chain. Apple, Tesla, and S&P 500 ETF tokens will trade as BEP-20 assets, accessible across the network's ecosystem. The integration marks BNB Chain's entry into the xStocks Alliance, a coalition of exchanges and DeFi protocols facilitating crypto-native equity trading.

"This is the beginning of an always-on equity market—permissionless, transparent, and built for the internet," said Kraken co-CEO Arjun Sethi. The move enables programmable settlement features like atomic swaps and cross-protocol collateralization. Backed's Adam Levi emphasized deeper DeFi integration, allowing equity tokens to FLOW across chains or serve as loan collateral.

The development signals intensifying competition among platforms to onchain traditional assets. Kraken will enable BNB Chain deposits and withdrawals for xStocks tokens within weeks, further eroding barriers between Wall Street and crypto markets.