Kraken Expands xStocks Service, Bringing Tokenized Equities to Europe

Kraken Expands xStocks Tokenized Equities Platform to European Investors
September 10, 2025

Cryptocurrency exchange Kraken has extended its xStocks platform to millions of investors across the European Union, enabling on-chain access to U.S. stocks and ETFs.

Eligible EU users can now trade tokenized versions of major U.S. equities and ETFs directly through the Kraken app, bypassing traditional brokerage hurdles.

“Expanding xStocks to the EU aligns with Kraken’s growth strategy and market presence here. Accessing U.S. markets has long been cumbersome, and xStocks removes many of these barriers,” said Mark Greenberg, Kraken’s global head of consumer.

Developed with Swiss fintech Backed, xStocks are blockchain-based tokens that mirror real-world stocks, allowing investors to hold, trade, or integrate them into DeFi protocols while maintaining full self-custody.

Kraken’s EU rollout offers 24/5 trading and reflects the industry’s shift toward decentralized, transparent, and accessible financial markets. Currently issued as SPL tokens on Solana, Kraken plans to expand xStocks to BEP-20 and Ethereum, enhancing cross-chain DeFi integration and efficiency.