Kraken Unleashes 24/7 Stock Trading With Tokenized Equities on Solana

Fri May 23 2025
Kraken is launching xStocks — tokenized Apple, Tesla, and Nvidia shares on Solana — enabling global, 24/7 stock trading with self-custody and DeFi utility starting June 2025.

💼 Kraken Just Brought Wall Street Onchain — Literally

Starting June 2025, Kraken will let global users (outside the U.S.) trade tokenized versions of Apple, Tesla, Nvidia and more — 24/7, 365 days a year, all powered by Solana.

They're called xStocks, and this move isn't just bold — it's a total redesign of how markets can work.

From 9-to-5 Wall Street… to always-on crypto capital markets.


🔄 What Are xStocks?

Think of xStocks as tokenized shares:

  • 🧠 Fully backed 1:1 by real stocks or ETFs
  • 🧾 Custodied by Swiss firm Backed Finance
  • 🔗 Issued as SPL tokens on Solana
  • 📉 Price-tracked to the real market in real-time

You don’t own the legal stock — but you get all the financial exposure, with the freedom of Web3.


🌍 Why xStocks Change Everything

This isn’t just about trading. xStocks unlock:

  • 🕛 24/7 access — not limited by NYSE hours
  • 🌐 Global participation — especially for Latin America, Asia, Africa, Europe
  • 💸 Lower fees + instant settlement
  • 🔐 Self-custody — withdraw to your wallet
  • 🔁 DeFi integration — use your Apple stock in lending or LP pools

Imagine staking your Tesla shares in a yield farm. Now you can.


🎯 Why Kraken Is Doing This — and Why Now

CEO Arjun Seetha puts it plainly:

“Access to U.S. stocks shouldn’t require paperwork, wait times, or high fees.”

Kraken wants to remove friction from global equity investing — and they’re using Solana’s rails to do it:

  • ⚡ Ultra-fast finality
  • 🧱 Built-in composability
  • 🧑‍💻 Programmable for developers and dApps

⚠️ Not in the U.S. (Yet)

Due to strict securities regulations, xStocks will not be available to U.S. residents at launch.

But Kraken is actively:

  • 💬 Engaging with regulators
  • 📜 Mapping compliant jurisdictions
  • 🌎 Preparing for global scale

In a post-Trump, pro-crypto world, that restriction might not last long.


🧭 This Move Isn’t Random — It’s Part of a Bigger Bet

Kraken is clearly playing long-game chess. Consider this:

  • 💰 Acquired NinjaTrader for 1.5B
  • 💳 Partnered with Mastercard for crypto cards
  • 📈 IPO rumored for early 2026

Now with xStocks, they’re merging TradFi and DeFi in a way few have dared.


🔮 What’s Next?

  • 🌐 Multi-chain support (hinted but not confirmed)
  • 🔒 Institutional custody and staking integrations
  • 🏦 More tokenized assets: indexes, bonds, maybe even real estate
  • 💬 Expansion into DAO voting and governance with equity tokens

🧠 TL;DR: Kraken’s xStocks Put Wall Street in Your Wallet

  • 🪙 Tokenized Apple, Tesla, Nvidia — all tradeable 24/7 on Solana
  • 🌍 Available globally (excluding U.S.)
  • 🔗 Backed 1:1 by real stocks via Swiss custodian
  • 🧠 Tradable, programmable, and usable across DeFi
  • 📱 A glimpse into a global, crypto-native capital market

Lesson: Investing is no longer just buying and holding. It’s earning, staking, swapping, and building — with Apple stock in your Phantom wallet.

Wall Street runs 5 days a week. Kraken just flipped the switch to always on.

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