Kraken Shakes Up Finance: Tokenized Stocks Hit Ethereum, Supercharging DeFi Liquidity
Wall Street meets blockchain as Kraken bridges traditional equities with decentralized finance.
Unlocking Trillions
Tokenized stocks inject massive traditional market liquidity into Ethereum's DeFi ecosystem—finally giving crypto natives exposure to Apple and Tesla without broker delays or—let's be honest—those pesky traditional banking fees.
The Seamless Merge
Kraken's move demolishes barriers between crypto and stock markets. Trade equities 24/7, leverage DeFi protocols, and bypass legacy settlement systems—all while Wall Street bankers scramble to keep up with the innovation they once dismissed.
Because nothing disrupts outdated finance like letting people actually control their assets.
TLDR
- Kraken has expanded its tokenized stocks offering to Ethereum, introducing over 60 tokenized assets.
- The new launch allows users to access popular stocks like Apple, Tesla, Nvidia, and SPY through ERC-20 tokens.
- Kraken’s tokenized stocks are backed one-to-one by the underlying securities through a partnership with Swiss firm Backed.
- Ethereum’s blockchain provides Kraken with access to a $500 billion asset base and a rapidly growing DeFi market.
- Eligible non-U.S. clients can deposit and withdraw xStocks directly to Ethereum wallets for seamless transfers.
Kraken has announced its expansion of tokenized stocks to Ethereum, marking a significant milestone in digital finance. This launch, announced on September 2, follows previous deployments on Solana, BNB Chain, and TRON. The integration of over 60 tokenized assets, including stocks like Apple, Tesla, and Nvidia, offers a new way for users to engage with the financial markets.
Ethereum Launch Brings New Opportunities for xStocks
Ethereum’s blockchain is now home to Kraken’s tokenized stocks, known as xStocks. These assets, backed one-to-one by their underlying securities, are issued as ERC-20 tokens. Kraken’s partnership with Swiss firm Backed ensures the security and transparency of the assets.
By launching on Ethereum, Kraken aims to tap into one of the largest blockchain ecosystems. ethereum hosts over $500 billion in secured assets and boasts a growing decentralized finance (DeFi) market, valued at $107 billion. This move opens up new opportunities for users to trade xStocks on Ethereum, bringing greater liquidity and broader market access.
Hello, Ethereum.
xStocks are coming to Ethereum Mainnet, one of the world’s largest and most reputable blockchains with over $500b in assets secured, millions of users and thousands of apps.
The standard for tokenized equities, going everywhere. pic.twitter.com/ScEiBaHG1h
— xStocks (@xStocksFi) September 2, 2025
Kraken also plans to allow eligible non-U.S. clients to deposit and withdraw xStocks directly to Ethereum wallets. This functionality enables seamless transfers between Kraken and self-custody. Once tokenized, these assets can be used across DeFi protocols for lending, yield farming, or other decentralized activities.
Kraken Strengthens Multi-Chain Strategy with Ethereum Expansion
This expansion to Ethereum is the fourth blockchain network to support Kraken’s xStocks since the product’s debut in June. The tokenized equity offering has already gained strong traction, with more than $3.5 billion in cumulative volume. Kraken’s product has attracted over 25,000 unique holders and generated $400 million in sales on solana alone.
“Ethereum offers substantial liquidity and a vast user base, making it an ideal platform for expanding our tokenized equities,” said Kraken in an official statement. The introduction of xStocks to Ethereum strengthens Kraken’s multi-chain strategy, offering users access to more diverse markets.
Tokenized equities like xStocks provide users with fractional ownership and price exposure to traditional stocks. However, they do not grant shareholder rights such as voting. Kraken’s goal is to make traditional stocks interoperable with blockchain systems, further driving the adoption of digital assets in conventional markets.
