US EditionKraken to Allow Trading in Apple, Tesla and Nvidia Shares as Digital Tokens, WSJ Reports
- Kraken announced it will let users outside the U.S. trade tokenized shares of Apple, Tesla, Nvidia, and over 50 ETFs on Solana blockchain as xStocks.
- The move follows Kraken’s years-long legal battle with the SEC and regulatory shifts that now encourage crypto infrastructure expansion under varied jurisdiction rules.
- Kraken partnered with Backed Finance to issue tokens backed 1:1 by real shares redeemable for cash, offering 24/7 trading access in regions including Europe, Latin America, Africa, and Asia.
- A Kraken spokesperson said the company is “actively working with various regulators” to ensure legal compliance, while xStocks users will not receive voting rights or dividends.
- This initiative makes Kraken the first exchange to offer major U.S. stocks as tokenized assets globally, potentially broadening international access despite prior regulatory challenges faced by competitors.
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Total News Sources53
Leaning Left0Leaning Right1Center7Last UpdatedBias Distribution88% Center
Bias Distribution
- 88% of the sources are Center
88% Center
C 88%
13%
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