Daniel Walker
Kraken has officially rolled out its xStocks platform to European investors, aiming to make exposure to U.S. equities far more accessible. According to Kraken’s Global Head of Consumer, Mark Greenberg, traditional barriers such as currency conversion, settlement delays, and high platform fees have long restricted European access to American markets. With xStocks, Kraken says it is removing those hurdles.
The xStocks platform uses tokenized certificates that mirror the prices of more than 50 major U.S. companies, including Google and Nvidia. Investors can hold these assets in self-custody wallets or use them across DeFi protocols, without relying on brokers or intermediaries.
Launched in June through a collaboration with tokenization startup Backed, xStocks has already recorded over $3.84 billion in trading volume across both centralized and decentralized platforms, according to Dune Analytics.
Multi-Chain Expansion of xStocks
Kraken confirmed that it will soon introduce BEP-20 token support, allowing integration with the BNB Chain ecosystem. This move follows a recent partnership with Tron DAO, which expanded xStocks to the Tron blockchain.
Looking ahead, Kraken noted:
“Our roadmap includes supporting additional high-impact blockchains with strong ecosystems — including Ink, with more integrations on the way.”
Tokenization as the Future of Capital Markets
Tokenized stocks and real-world asset tokenization have seen rapid adoption in recent years, with the potential to transform global investing by bridging traditional markets with the efficiency and transparency of blockchain technology.
Kraken emphasized that xStocks is more than just an upgrade to trading platforms:
“We see xStocks as a turning point for capital markets — creating a borderless, decentralized, permissionless, and fully on-chain future.”
