I’ve never asked myself any questions. Why can’t I trade stocks at 2am? Why is it so difficult and expensive to access US stocks from outside the US? Can’t you encrypt it?
The truth is simple. Tradfi is not keeping up to the pace of innovation. The global market still operates on outdated rails, with limited time, high-priced friction layers, and excludes too many people. We see the crypto revolution as a power of confusion that can solve real-world financial problems. Tokenized stocks are the next frontier.
Today we We are excited to announce that Kraken will soon be offering Xstocks – An exciting new tokenized stock brand developed by Bucked – to clients in some non-US markets around the world.
These clients can touch on some popular US list stocks and ETFs issued as SPL tokens on the Solana blockchain. These XStocks assets can be traded both on-chain via platform-compatible wallet providers, allowing users to leverage XSTOCKS as collateral in ways that simply cannot be achieved through TRADFI.
“We will rethink the investment and arrival of new demand from clients looking for better alternatives to the current situation and lead a wave of urgentness,” said Mark Greenberg of Kraken Global Head of Consumer. “Access to traditional US stocks is slow, costly and limited. With XSTOCKS, we use blockchain technology to provide open, instant, accessible, boundary-free exposure to some of America’s most iconic companies. This is the future of investment.”
This move is a major milestone in a broader strategy to bridge Tradfi and Crypto. This will allow you to directly access more than 11,000 US list stocks and ETFs within the Kraken app, following the recent rollout of stock trading for US clients. We plan to expand our services to clients in the UK, Europe and Australia soon.
With XStocks you take the next step: It is to democratize access to stocks on a global scale. It plans to steadily expand both the scope of tokenized assets and the jurisdictions available to XStocks, and unlock unlocking global access to the stock market like never before.
Stay tuned – The next generation of stock investments are just beginning.
These materials are for general information purposes only and are not investment advice or recommendations or solicitations to purchase, sell, bet or hold CryptoAssets or engage in any particular trading strategy. Kraken makes no representations or warranties of any kind, express or implied, regarding the accuracy, completeness, timeliness, fitness, or adequacy of such information. Furthermore, we are not responsible for any losses, injuries or damages arising out of errors, omissions or its display or use of this information. Kraken does not work to raise or lower the prices of certain CryptoAssets that become available. Some crypto products and markets are regulated, while others are not regulated. Anyway, Kraken may or may not need to be registered or permitted to provide specific products and services in each market. It may also not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the crypto assets market can lead to loss of funds. Taxes may be paid for returns and/or increased value of crypto assets, and you must seek independent advice on your tax position. Geographical restrictions may apply. Not available in the US Please refer to the legal disclosures of each jurisdiction here.
The value of investments can decrease the value of rising and past performance. It is not a reliable indicator of future outcomes. Read the basic prospectus and related final terms (available at backed.fi)For more information.
