Kraken Expands xStocks to the EU, Allowing Investors to Trade Tokenized US Stocks and ETFs on the Blockchain

Cryptocurrency exchange Kraken has announced the expansion of its tokenized stock platform, xStocks, to the European Union, allowing investors to trade tokenized US stocks and ETFs on a blockchain. Developed in partnership with Swiss fintech firm Backed, xStocks runs on the Solana blockchain, offering low-cost, fast transactions. It also plans to support BEP-20 and the Ethereum mainnet to enhance its integration with the DeFi ecosystem.