Kraken expands xStocks to the EU, allowing investors to trade tokenized stocks and ETFs via blockchain

cryptocurrency exchange Kraken announced the expansion of its tokenized stock platform xStocks to the EU region, allowing investors to trade tokenized U.S. stocks and ETFs via blockchain.

xStocks is developed by Kraken in collaboration with Swiss fintech company Backed, running on the Solana blockchain, offering low-cost, fast trading, and plans to support BEP-20 and Ethereum mainnet to enhance integration with the DeFi ecosystem.