Kraken Shatters Barriers: Tokenized Stocks Now Live on Ethereum Mainnet
Kraken just dropped a nuclear option on traditional finance—bringing tokenized stocks to Ethereum's mainnet.
The Gateway to Wall Street on Chain
No more dipping toes in testnet waters. Kraken's full-scale deployment lets traders swap fractionalized Tesla, Apple, and Amazon shares 24/7—bypassing market hours, brokerage delays, and frankly, the entire old-guard system. Settlement happens in seconds, not days. Collateral? Fully backed and audited. The play? To merge TradFi liquidity with DeFi’s ruthless efficiency.
Regulators Are Watching—For Now
Sure, the SEC might side-eye this move—tokenized securities always dance on regulatory razor wire. But Kraken’s betting that seamless access outweighs legacy compliance headaches. One cynic’s note: Wall Street finally gets a blockchain use-case that isn’t just hyped-up Excel.
Ethereum’s New Reality: Everything Tokenizes
This isn’t just a feature launch—it’s a statement. If stocks can live on-chain, so can bonds, real estate, and that rare NFT of a cat meme. Kraken isn’t just expanding its menu; it’s forcing finance to evolve. Ready or not.
Integration with Ethereum DeFi
Eligible non-U.S. clients will soon be able to deposit and withdraw xStocks directly to Ethereum wallets, enabling transfers between Kraken and self-custody. Once on-chain, these tokens can be used across DeFi protocols for lending or yield farming activities.
Kraken emphasized that this launch extends the reach of tokenized equities beyond trading, allowing them to function as composable financial instruments.
Ethereum is the fourth network to support xStocks since the product’s debut in June. Trading activity has already been strong, with more than $3.5 billion in cumulative volume across centralized and decentralized platforms.
The product attracted over 25,000 unique holders and generated $400 million in sales on Solana alone in its first month of launch. Building on this momentum, the Ethereum expansion provides access to more significant liquidity and a larger user base.
Tokenization trend gains momentum
While xStocks do not grant shareholder rights like voting, they are intended to offer price exposure, fractional ownership, and round-the-clock access to stocks. It automatically reinvests dividends into new tokens.
The product, which Kraken refers to as a “neutral asset class,” aims to make traditional stocks interoperable and programmable within blockchain systems. The addition of Ethereum demonstrates Kraken’s dedication to a multi-chain strategy.
Over the next ten years, tokenized securities could be worth trillions of dollars, according to analysts, with platforms like xStocks laying the groundwork for wider adoption.
