Solana
Kraken to launch 24/7 trading of Apple, Tesla, Nvidia stocks as tokens on Solana
Posted:
Journalist
- Kraken launches xStocks for 24/7 global trading of tokenized U.S. equities.
- This new move comes as President Trump eases crypto rules in the U.S.
Kraken is pushing the boundaries of traditional finance by introducing 24/7 trading for tokenized U.S. equities, granting global investors round-the-clock access to leading stocks like Apple, Tesla, and Nvidia.
This move also highlights how Kraken is advancing its platform following years of legal challenges with the Securities and Exchange Commission (SEC).
From legal battles to bold plans
In a statement, Kraken outlined,
“Thrilled to unveil xStocks, a new line of over 55 tokenized stocks and ETFs, set to launch soon on Kraken and integrated with Solana’s best DeFi apps.”
The new service, called xStocks, will be launched in the coming weeks, and will be offering tokenized versions of over 50 stocks and ETFs.
This platform will be accessible to users in Europe, Latin America, Africa, and Asia, providing 24/7 trading similar to Bitcoin [BTC].
By delivering traditional equities in a crypto-native format, Kraken aims to offer continuous market access outside the U.S., where it already operates a conventional stock trading platform with more than 11,000 stocks and ETFs.
The firm detailed,
“It follows our recent rollout of equities trading for U.S. clients, giving millions of Americans access to over 11,000 U.S.-listed stocks and ETFs directly within the Kraken app. We’re planning to expand that offering to clients in the U.K., Europe and Australia soon.”
Crypto industry under Trump
Under President Donald Trump, the SEC eased many crypto-related lawsuits, including those against Kraken.
While Binance [BNB] briefly explored equity tokenization in 2021, but halted due to regulatory pressure, the current climate is shifting.
Therefore, with growing support from U.S. lawmakers and major players like Robinhood and BlackRock entering the tokenization space, Kraken is seizing the opportunity to advance its vision in this evolving market.
