We look forward to unveiling the next major steps in XStocks’ growth. This is the industry’s gold standard for tokenized stocks. In a partnership with Backed, Kraken will work with Trust Wallet to integrate Xstocks directly into one of the most widely used, independent crypto wallets, bringing interoperable tokenized stocks to more than 200 million users around the world.
Seamless Access from Trust Wallet
Trust Wallet’s intuitive, multi-chain design and global reach make it a natural platform for Xstocks to integrate. Soon, trusted wallet users will be able to seamlessly purchase 60 different Xstocks using a variety of Fiat local currencies. Additionally, Trust Wallet users can deposit and withdraw Xstocks from popular crypto exchanges including Kraken on a wide range of blockchains, including Solana, BNB Chains, Tron, and Ethereum.
As part of the integration, Backed will continue to issue XStocks as fully secured on-chain tokens, maintaining a strict 1:1 backing for each tokenized equity purchased by Trust Wallet users. Trust Wallet’s user-friendly interface and vast ecosystem support make tokenized stocks easy to access for both retail investors and builders looking to incorporate them into their DEFI and Web3 applications.
Promotes mass adoption of tokenized stocks
Arjun Sethi, Kraken Co-Ceo“For XStocks to achieve true mass adoption, seamless integration with the world’s most popular self-obligatory wallets is essential. We trust XSTOCKS wallets and already use tokenized stocks that can be interoperable directly in millions of people’s hands every day.”
“This is more than integration. It’s a paradigm shift. Global markets are accelerating the transition to a future with no boundaries, no barriers and the same openness and accessibility as the Internet itself.”
Eowyn Chen, CEO of Trust Wallet“The trust wallet has always been about unlocking access. Despite the future of crypto and global finance, XSTOCKS integration allows us to fill the gap between Web3 and traditional markets intuitive, borderless and user-first.
Adam Levy supported co-founders: “This is a monumental step towards realizing our vision of universal access. The standard for tokenized stocks is that it should be available to individuals across the blockchain of XSTOCKS’s choice, allowing over 200 million users to access to tokenized stocks via Trust Wallet.”
Since its launch in late June, XStocks has already surpassed $4 billion in CEX and DEX combined, highlighting strong market demand for this new asset class. XStocks is designed to meet users where they are, providing a transparent, open, and boundless pathway to gain exposure to the US capital markets through tokenization.
What’s next for Xstocks?
Trust Wallet integration is the latest milestone in the rapid expansion of Xstocks beyond the Kraken platform. Over the past few weeks, XStocks has added support to users across the BNB chain, Tron and Ethereum, but has launched Xstocks for millions of EU-based clients.
Over the coming weeks, we will work with our partners to bring XSTOCKS to higher performance blockchains and major consumer applications, making the gold standard of tokenized stocks more accessible to the wider communities, communities and markets around the world.
Our blockchain-independent multi-platform approach reflects core beliefs. Tokenized stocks must be open, unauthorized, borderless and accessible in any ecosystem. Continue driving the adoption until you achieve this.
XStocks is not available in the US or the US. GEO restrictions apply.
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