US EditionKraken to Allow Trading in Apple, Tesla and Nvidia Shares as Digital Tokens, WSJ Reports
- Kraken plans to launch xStocks, tokenized versions of over 50 U.S. Stocks and ETFs like Apple, Tesla, and Nvidia, trading 24/7 outside the U.S.
- This move follows Kraken's history of legal challenges with the SEC and aims to offer global investors easier access amid increasing regulatory acceptance of crypto.
- Kraken partners with Backed Finance to back xStocks with real shares held 1:1, trading on the Solana blockchain and offering instant settlement.
- Arjun Sethi, Kraken co-CEO, told WSJ the company is “actively working with various regulators” to ensure legal availability in different jurisdictions.
- The xStocks launch signals a potential shift toward blockchain-based global equity access, competing with firms like Robinhood amid a $65 billion tokenization market.
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Leaning Left0Leaning Right1Center7Last UpdatedBias Distribution88% Center
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C 88%
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