Kraken, Solana Foundation, and Backed announced a partnership on May 22, 2025, to launch tokenized US stocks for global investors.
This initiative aims to revolutionize equity investments by integrating blockchain technology, potentially enhancing access to US equities worldwide and increasing liquidity and trading opportunities.
Kraken and Solana Launch xStocks Initiative
Kraken, a leading crypto exchange, collaborated with Solana and Backed for the xStocks initiative. They aim to launch tokenized US stocks globally, offering 24/7 trading outside conventional hours.
Solana provides the blockchain infrastructure, selected due to its high performance and low latency. Backed serves as the custodian, maintaining a 1:1 backing of tokenized stocks with actual securities.
Tokenized US Stocks: A Global Trading Shift
Global markets including Europe, Asia, and Africa may gain improved access to US equities. This could increase liquidity in the Solana ecosystem and attract more investors seeking blockchain-based solutions.
“This initiative represents a significant step toward integrating traditional financial markets with blockchain technology.” — Mark Greenberg, Executive at Kraken
This initiative might enhance real-time trading and potentially transform equity investment models. Kraken’s decision reflects ongoing trends towards tokenization and blockchain adoption in financial markets.
Kraken’s Strategy Builds on Past Models
Previous tokenization efforts by Binance aimed at US stocks faced challenges. Kraken’s approach builds on past models, focusing on security and accessibility through Solana’s innovative blockchain.
Experts suggest that Kraken’s initiative could accelerate blockchain adoption in global markets. Kanalcoin analysts predict broader opportunities for tokenized securities as blockchain technology continues to evolve.
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