Kraken announces the launch of xStock platform on Solana, offering a tokenized version of the US stock market

Kraken announced on X platform that the cryptocurrency exchange has reached a new partnership with Backed to launch xStocks on Solana. XStocks will provide a tokenized version of US listed stocks, which will soon be open to eligible Kraken customers in specific non US markets. This is a new market access level built on top of cryptocurrency infrastructure, aimed at achieving cross chain scalability. Previously, Kraken announced that it will offer over 50 tokenized stocks and ETFs, covering stocks of Apple, Tesla, and Nvidia.