Kraken and Trust Wallet Partner to Broaden Access to Tokenized Equities
Kraken and Trust Wallet partner to expand global access to fully collateralized xStocks, bringing tokenized equities to DeFi and retail users.
Kraken, a leading crypto exchange, has partnered with Trust Wallet to expand access to tokenized equities through Backed’s xStocks product. The Trust Wallet is the largest self-custody crypto wallet in the world. This alliance will introduce millions of new users around the world to tokenized equities.
Trust Wallet and xStocks Integration Brings Tokenized Stocks to DeFi
The multi-chain platform offered by Trust Wallet is easy to use, which makes it a logical choice in terms of xStocks integration. Soon, Trust Wallet will allow purchasing 60 types of xStocks with the help of different local fiat currencies. Furthermore, the users will be able to deposit or withdraw xStocks on a major exchange such as Kraken. This will be possible on various blockchains such as Solana, BNB Chain, TRON and Ethereum.
In addition, Backed will also keep on issuing xStocks as fully collateralized tokens. All tokenized equities purchased by users of Trust Wallet will be 1:1 secured and transparent. The easy interface and broad ecosysteme, which Trust Wallet will offer to the retail investors, will streamline the process of getting access to tokenized equities. It will be helpful to developers who intend to implement these tokens in DeFi and Web3 apps as well.
Related Reading: LBank Partners With xStocksFi for Tokenized US Stocks | Live Bitcoin News
The co-CEO of Kraken, Arjun Sethi, emphasized the need to integrate. According to him, to become mass-adopted, xStocks should be intertwined with the other widely used self-custody wallets such as Trust Wallet. This action puts open and interoperable tokenized equities right into hands of millions. It also enables users to keep their tokenized equities in addition to other crypto assets including stablecoins and DeFi tokens, which they use on an everyday basis.
xStocks Launches in EU, Tapping into New Tokenized Equity Demand
The collaboration is a part of the recent rapid expansion of xStocks outside of the Kraken platform. Within the last few weeks, xStocks has supported users of BNB Chain, TRON, and Ethereum. Moreover, xStocks initiated services to millions of customers in the European Union, which opens up new demand in tokenized equities in the area.
In the future, Kraken will keep collaborating with partners to introduce xStocks to additional high-performance blockchains and well-known consumer applications. It is aimed to make the tokenized equities more accessible to more users, communities and markets all over the globe.
Moreover, the Kraken is a blockchain-agnostic and multi-platform approach. That is one of the fundamental ethics that the tokenized equities must be open, permissionless and borderless. The company has a mission to make things go to ensure that tokenized equities are adopted in all the ecosystems before tokenized equities are made available.
In short, the collaboration between Kraken and Trust Wallet represents an important move towards the broadening of tokenized equities. It will combine the experience of Kraken with the collateralized tokens of Backed and the global user base of Trust Wallet and multi-chain functionality. Consequently, more individuals will find it easier to invest and trade tokenized equities with ease. This partnership is a significant breakthrough towards tokenized equities becoming a common financial instrument in the cryptocurrency market.
The post Kraken and Trust Wallet Partner to Broaden Access to Tokenized Equities appeared first on Live Bitcoin News.
Filed under: Bitcoin - @ September 20, 2025 2:00 am