Kraken lists tokenized U.S. stocks with 24/5 trading via xStocks
The post Kraken lists tokenized U.S. stocks with 24/5 trading via xStocks appeared on BitcoinEthereumNews.com. Kraken has listed xStocks, tokenized equities issued by Backed, offering over 60 U.S. stocks and ETFs, including Nvidia, Apple, Tesla, and more. Editor’s note: A previous version of this article inaccurately stated that Kraken launched xStocks. In fact, xStocks is issued by Backed, not Kraken. Kraken has listed xStocks for trading. We regret the error and have updated the article accordingly. Crypto platforms are increasingly integrating TradFi features. On Monday, June 30, crypto exchange Kraken began supporting trades for xStocks, enabling users to trade tokenized securities. Traders are now able to gain exposure to several major stocks, including Nvidia, Apple, Tesla, GameStop, and more. Through xStocks, Kraken users can access tokenized versions of 55 U.S. stocks and 5 ETFs. The tokens are issued by Backed Assets Limited and deployed on the Solana blockchain as SPL tokens. Traders can withdraw their xStocks tokens to their wallets, making them self-custodial. BREAKING: Wall Street is officially onchain.xStocks are now live on Kraken ❎ 60 U.S. equities tokenized and tradable 24/5. More coming soon. We’re not waiting for the future. We’re building it.
The post Kraken lists tokenized U.S. stocks with 24/5 trading via xStocks appeared on BitcoinEthereumNews.com.
Kraken has listed xStocks, tokenized equities issued by Backed, offering over 60 U.S. stocks and ETFs, including Nvidia, Apple, Tesla, and more. Editor’s note: A previous version of this article inaccurately stated that Kraken launched xStocks. In fact, xStocks is issued by Backed, not Kraken. Kraken has listed xStocks for trading. We regret the error and have updated the article accordingly. Crypto platforms are increasingly integrating TradFi features. On Monday, June 30, crypto exchange Kraken began supporting trades for xStocks, enabling users to trade tokenized securities. Traders are now able to gain exposure to several major stocks, including Nvidia, Apple, Tesla, GameStop, and more. Through xStocks, Kraken users can access tokenized versions of 55 U.S. stocks and 5 ETFs. The tokens are issued by Backed Assets Limited and deployed on the Solana blockchain as SPL tokens. Traders can withdraw their xStocks tokens to their wallets, making them self-custodial. BREAKING: Wall Street is officially onchain.xStocks are now live on Kraken ❎ 60 U.S. equities tokenized and tradable 24/5. More coming soon. We’re not waiting for the future. We’re building it.
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