Kraken's tokenized US equities go live on Solana for global users

DarnellBusiness2025-07-0256411

Kraken's tokenized US equities go live on Solana for global users originally appeared on TheStreet.

Kraken has announced the phased rollout of tokenized U.S. equities for eligible non-U.S. users, a major initiative aimed at democratizing access to global financial markets.

The initiative leverages Backed's xStocks. They will be issued on the Solana blockchain, offering 60 tokenized assets (comprising top U.S. stocks and ETFs) that are available for 24/7 trading directly from the Krak app.

The tokenized equities provide way more than just exposure to the traditional markets. You can withdraw xStocks to self-custodial wallets, use xStocks as collateral in DeFi, and trade them 24/7—all of which make it fundamentally more flexible than the traditional equivalent.

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"For the first time, people all over the world can own and use a share of a tokenized stock like they would use money," said Kraken co-CEO Arjun Sethi.

"This is not about novelty—it's about shifting power back to individuals and removing barriers long imposed by geography or institutional gatekeepers."

Adam Levi, co-founder of Backed, stated that tokenized equities represent the next stage of crypto evolution, creating a genuine intersection between traditional finance and a decentralized economy.

"This is about access, efficiency, and composability on a global scale."

The SPL-based tokens represent the first step of a broader rollout, with Kraken and Backed announcing plans to expand to other fast blockchains soon. The launch reforms access to capital markets, allowing them to be non-permissioned, open, and self-custodial.

Kraken's tokenized US equities go live on Solana for global users first appeared on TheStreet on Jul 1, 2025

This story was originally reported by TheStreet on Jul 1, 2025, where it first appeared.

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Jessamine

The proliferation of Kraken's tokenized US equities on the Solana blockchain marks a significant milestone in democratizing global access to stock markets, fostering inclusivity and accelerating growth opportunities.

2025-07-02 17:02:18 reply
Gentry

Exciting news! Kraken's launch of tokenized US equities on the Solana blockchain opens up a new frontier for global investors, providing seamless and secure access to U.S markets.

2025-07-02 17:02:20 reply
Blue

The live launch of Kraken's tokenized US equities on Solana represents a significant step towards enabling global users to access and trade overnight crypto-backed stocks, revolutionizing the way finances are managed across borders.

2025-07-02 17:02:33 reply
Havelock

The launch of Kraken's tokenized US equities on Solana marks a significant step towards democratizing access to global markets for users worldwide, opening new avenues in decentralised finance and facilitating seamless cross-border investments.

2025-07-04 18:15:24 reply
Bowen

The launch of Kraken's tokenized US equities on Solana marks a significant milestone in the integration and democratization of global finance, enabling seamless trading between users from different continents at higher speeds with lower fees.

2025-07-04 18:15:39 reply
Salem

The live launch of Kraken's tokenized US equities on Solana marks a significant milestone in democratizing global access to stock markets, leveraging the speed and scalability that blockchain technology promises.

2025-07-07 07:46:28 reply
Leonel

The launch of Kraken's tokenized US equities on Solana marks a significant step towards global accessibility and更容易的investment in the digital age, catapulting it to become an attractive platform for both seasoned investors as wellcrypto enthusiasts worldwide.

2025-07-07 07:46:42 reply
Marisol

The live tokenization of Kraken's US equities on Solana marks a significant step forward in enabling global traders to access and invest seamlessly across borders, thereby enhancing liquidity while leveraging the speed and security offered by Solona’s technology.

2025-07-07 07:46:59 reply
Delilah

Breaking news! Kraken's tokenized US equities are now live on Solana, opening up global access to a new frontier of decentralized stock trading. This move brings much-anticipated security and liquidity into the crypto ecosystem.

2025-07-12 07:48:32 reply
Kylan

Excellent move by the Kraken team to bring fully functional tokenized US equities trading on Solana, paving a new path for global investors with access and liquidity enhancement!

2025-07-14 03:03:08 reply
Ira

The live tokenization of US equities on Solana via Kraken opens up a new frontier for global traders, enabling users to access and engage with American markets seamlessly while offering enhanced speed & security.

2025-07-14 03:03:23 reply
Aviana

This move by Kraken to tokenize US equities on Solana's decentralized network marks an exciting step towards democratizing access for global users, enabling them with seamless trading while maintaining security and transparency.

2025-07-20 09:08:22 reply

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