| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107244.7400000000 |
| ETH | $2430.8370000000 |
| BNB | $648.8297400000 |
| XRP | $2.1831380000 |
| ADA | $0.5615120000 |
| SOL | $149.7275000000 |
| DOGE | $N/A |
| DOT | $3.3877000000 |
| LTC | $86.4175000000 |
| LINK | $13.2916500000 |
Category: CRYPTO NEWS
The post Kraken to Roll Out Tokenized U.S. Stocks & ETFs appeared on BitcoinEthereumNews.com. Kraken rolls out tokenized Apple, Tesla, Nvidia for 24/7 global trading on the Solana blockchain. New Kraken xStocks offer global investors round-the-clock access to top U.S. stocks and ETFs. Backed Finance ensures 1:1 backing for Kraken’s tokenized stocks, aiming for regulatory clarity. Kraken, one of the world’s leading cryptocurrency exchanges, is preparing to roll out tokenized versions of over 50 U.S.-listed stocks and Exchange Traded Funds (ETFs). This ambitious initiative, dubbed xStocks, is primarily aimed at global investors and is designed to provide round-the-clock access to some of the most popular American equities including Apple, Tesla, Nvidia, and the widely tracked SPDR S&P 500 ETF. This development signals a potentially major shift in how traditional financial products can be accessed and traded across the globe. It’s especially noteworthy for investors outside the United States facing high brokerage fees and limited market access. Kraken’s “xStocks” to Offer Tokenized U.S. Market Access on Solana Kraken’s upcoming product, xStocks, will be powered by the high-speed Solana blockchain. The system will allow users to buy digital tokens that represent real stocks, with these tokens backed on a one-to-one basis by the actual shares. These underlying shares will be held by Kraken’s partner for this venture, Backed Finance. These tokens will mirror the value of their underlying assets and can be redeemed for cash equivalents. A key differentiator from traditional markets is that xStocks will trade 24/7, even during weekends and public holidays. Related: Binance, Kraken Foil Social Engineering Hacks on Support Staff: Reports Kraken has indicated that Solana was picked for its high throughput, low transaction costs, and burgeoning ecosystem. The exchange also has an eye on future expansion, suggesting xStocks could eventually operate on other blockchain networks, paving the way for broader adoption and multi-chain support. 24/7 Trading, Lower Barriers Key Benefits for…
2025-05-23T03:41:09+00:00