Investing Just Got a Makeover: Tokenized Stocks for Non-US Traders! 🎉💰

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Ah, the illustrious San Francisco, where dreams are made and crypto exchanges like Kraken are busy turning the mundane into the extraordinary! In a rather audacious move, Kraken has decided to sprinkle some magic dust on the world of finance by offering tokenized versions of those oh-so-popular US-listed stocks and ETFs to clients in select non-US markets. Because why not? 🌍✨

In a statement that could make even the most stoic of investors chuckle, Kraken has partnered with the tokenized stocks and ETF issuer Backed to launch xStocks on the Solana (SOL) blockchain. Yes, you heard it right! A blockchain that sounds like it could be a character in a Dostoevsky novel.

xStocks, a brand that sounds like it was conjured up in a tech wizard’s lair, is here to offer tokenized versions of US-listed equities. Because who needs traditional stocks when you can have them in a digital format? It’s like having your cake and eating it too, but with a side of blockchain! 🎂💻

Kraken’s Global Head of Consumer, Mark Greenberg, in a moment of sheer poetic brilliance, declared,

“Access to traditional US equities remains slow, costly and restricted. With xStocks, we’re using blockchain technology to deliver something better – open, instant, accessible and borderless exposure to some of America’s most iconic companies. This is what the future of investing looks like.”

Ah, the future! Where everything is open and accessible, except perhaps your fridge at midnight. Kraken assures us that xStocks assets will be issued as SPL tokens, the standard token format on the Solana blockchain, and will be available to eligible clients through its app. Because who doesn’t want to trade stocks while waiting for their coffee to brew?

“These xStocks assets can be traded both on our platform as well as onchain through compatible wallet providers, allowing users to leverage their xStocks as collateral in ways that simply is not possible through TradFi.””

And why Solana, you ask? Well, it seems Kraken has chosen this blockchain for its performance, low latency, and a thriving global ecosystem. It’s like picking the best apple from the tree, but this apple is digital and can be traded at the speed of light! 🍏⚡

In a final flourish, the exchange has grand plans to expand the range of tokenized assets and the jurisdictions where xStocks is supported. Because why stop at just a few when you can conquer the world, one token at a time?

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2025-05-23 15:12