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Kraken has just taken a major step in bridging traditional finance and crypto. Its tokenized stock product, xStocks, is now available to European customers. This move means investors can gain exposure to over 50 U.S. equities like Nvidia and Google — without brokers, currency friction, or settlement delays. With more than $3.8 billion in trading volume already, xStocks could reshape how capital flows between traditional markets and blockchain-based finance.
xStocks are tokenized certificates that track the price of leading U.S. equities. Instead of relying on intermediaries, investors can buy, sell, and even self-custody these assets directly on blockchain. The tokens can also be integrated into DeFi protocols, opening new ways to use traditional stocks in lending, yield farming, or trading strategies.
Since their launch in June in partnership with tokenization startup Backed, xStocks have quickly gained traction. Trading volume across centralized and decentralized platforms has already exceeded $3.84 billion, according to Dune Analytics.
For European investors, access to U.S. equities has often been slowed by currency conversion, settlement delays, and high platform fees. Kraken’s expansion removes those barriers, giving users a faster, cheaper, and more transparent way to invest.
The offering includes more than 50 blue-chip stocks, covering household names from tech giants like Google and Nvidia to other high-impact U.S. companies.
Kraken isn’t stopping at Ethereum. The platform recently announced:
This cross-chain approach ensures that tokenized stocks can reach diverse communities across the blockchain space.
The expansion of xStocks is bigger than just giving Europeans a new way to buy U.S. stocks. It signals a deeper shift in global markets:
For the crypto market, this expansion could fuel new liquidity, innovation, and adoption, reinforcing the narrative that blockchain is not just for speculation but for real-world financial infrastructure.
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