Major crypto exchanges Kraken and Bybit are now offering tokenized stocks and ETFs through Swiss-based Backed’s xStocks platform, targeting investors outside the United States who want easier access to American equities.
The service offers high profile US stocks including major tech companies, Nike, Walmart, and Exxon Mobil in tokenized form. For non-US investors, this promises easier access to fractional US stock ownership, while crypto natives can hold these Solana-based assets directly in their wallets alongside other digital assets.
“With xStocks, we’re not launching a novelty. We’re unlocking something foundational,” said Arjun Sethi, Kraken’s co-CEO. “For the first time, people all over the world can own and use a share of a tokenized stock like they would use money. You can move it, hold it, spend it, or borrow against it. All from your wallet, with no intermediaries, no borders, and no delays.”
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