Kraken pushes xStocks to turn tokenized stocks into parallel equity rails
The post Kraken pushes xStocks to turn tokenized stocks into parallel equity rails appeared on BitcoinEthereumNews.com.
Kraken is trying to turn tokenized equities from a side‑show into a parallel equity market running on crypto rails through its xStocks platform and a new Nasdaq partnership. Summary xStocks offers 60+ tokenized U.S. stocks and ETFs, fully backed 1:1, with 24/5 trading and EU rollout aimed at investors shut out of Wall Street hours. Kraken is acquiring issuer Backed Finance and has logged over $25B in volume in under eight months across CEX, DEX, and mint/redemption flows. A Nasdaq partnership will use xStocks tech to move listed securities onto blockchain rails, while regulators warn that “mimic” products risk diluting shareholder rights. Kraken is trying to turn tokenized equities from a side‑show into a parallel equity market that runs on crypto rails, 24/7. Its xStocks platform now offers more than 60 tokenized U.S. stocks and ETFs, has been rolled out to eligible clients across the European Union, and has processed over $25 billion in cumulative transaction volume in under eight months, according to company data and recent coverage. How Kraken’s tokenized stock platform works xStocks lets users buy, sell and transfer blockchain‑based tokens that mirror real U.S. equities like Tesla, Amazon, Nvidia and broad‑market ETFs, with each token fully backed 1:1 by the underlying security held by a licensed custodian in a bankruptcy‑remote structure. Cointelegraph and Finance Magnates report that the product gives investors 24/5 trading in digital certificates that track U.S. prices, extended hours beyond Wall Street’s 9‑to‑5, and the ability to move positions between compatible venues or self‑custody them on‑chain. Kraken’s European rollout, announced in September 2025, explicitly targets clients who “for too long” have found it “unnecessarily challenging to gain exposure to U.S. markets,” as global head of consumer Mark Greenberg put it. Under the hood, Kraken is pulling tokenization closer to its core stack. The exchange…
Filed under: News - @ March 10, 2026 6:30 pm