Now Trade Top U.S. Stocks 24/7: Kraken Rolls Out Tokenized Apple, Tesla, Nvidia On Solana

• Kraken rolls out tokenized Apple, Tesla, Nvidia for 24/7 global trading on the Solana blockchain.
• New Kraken xStocks offer global investors round-the-clock access to top U.S. stocks and ETFs.
• Backed Finance ensures 1:1 backing for Kraken’s tokenized stocks, aiming for regulatory clarity.

Kraken, one of the world’s leading cryptocurrency exchanges, is preparing to roll out tokenized versions of over 50 U.S.-listed stocks and Exchange Traded Funds (ETFs). This ambitious initiative, dubbed xStocks, is primarily aimed at global investors and is designed to provide round-the-clock access to some of the most popular American equities including Apple, Tesla, Nvidia, and the widely tracked SPDR S&P 500 ETF. 

This development signals a potentially major shift in how traditional financial products can be accessed and traded across the globe. It’s especially noteworthy for investors outside the United States facing high brokerage fees and limited market access.

Kraken’s “xStocks” to Offer Tokenized U.S. Market Access on Solana

Kraken’s upcoming product, xStocks, will be powered by the high-speed Solana blockchain. The system will allow users to buy digital …

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