Kraken has launched Backed’s xStocks in Europe, enabling eligible investors to trade tokenized stocks on Solana with 24/5 access, cross-platform transferability, and self-custody options — expanding European access to tokenized securities without traditional broker intermediaries.
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Kraken now offers tokenized stocks via Backed’s xStocks to eligible European clients.
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Trades run 24/5 with interoperability across compatible wallets and platforms.
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Supports self-custody and custody-free transfers; initial rollout excludes the US, UK, Canada, Australia and some EU jurisdictions.
tokenized stocks — Kraken xStocks live in Europe; trade US-equity certificates 24/5, move assets freely. Learn how to access xStocks today.
What are tokenized stocks and how do they work?
Tokenized stocks are blockchain-represented certificates that mirror ownership or exposure to traditional equities. They enable fractional ownership, 24/5 trading, and programmatic transfers while preserving links to the underlying asset through issuer custody arrangements and regulatory frameworks.
How does Kraken xStocks operate in Europe?
Kraken xStocks uses Backed’s tokenized certificates on the Solana blockchain to offer eligible European clients access to tokenized securities. Trades run 24/5 and users can move assets across compatible platforms or opt for self-custody, subject to jurisdictional eligibility and KYC checks.
Why is Kraken expanding xStocks to Europe?
Kraken says the EU expansion aligns with its growth strategy and regional market presence. Mark Greenberg, Kraken’s global head of consumer, said the move removes barriers to US market exposure and increases transparency and accessibility for European investors.
How does this compare to rival offerings?
Tokenized securities are a growing trend in Europe, with similar products offered by other platforms. Differences typically include custody models, blockchain choices, and jurisdictional coverage.
| Platform | Typical Blockchain | Trading Window | Interoperability |
|---|---|---|---|
| Kraken xStocks | Solana | 24/5 | Cross-platform transfers, self-custody option |
| Other tokenized offerings | Varies | Varies | Often custodial or walled models |
When did Kraken begin rolling out tokenized securities?
Kraken initially rolled out tokenized securities in June with broader plans to offer xStocks to clients across over 140 countries. The European launch is a continuation of that phased global expansion, excluding certain markets such as the US, UK, Canada and Australia.
What are the regulatory and custody implications?
Tokenized stocks rely on issuer custody arrangements and must comply with local securities rules. Kraken and Backed operate within applicable regulatory frameworks and conduct KYC/AML checks for eligible users in supported jurisdictions.
Frequently Asked Questions
Can I hold xStocks in my personal wallet?
Yes. Some xStocks can be moved to compatible wallets for self-custody, depending on issuer permissions and wallet compatibility. Users should confirm supported wallet types before transferring.
Are tokenized stocks the same as actual equity?
Tokenized stocks represent claims or certificates that track an underlying equity; legal rights depend on the issuer’s terms and applicable regulations. They are not identical to holding shares directly through a stock registry.
Who regulates tokenized securities in Europe?
Regulation varies by jurisdiction. National securities authorities and EU-level rules may apply depending on where the product is offered. Platforms typically follow local licensing and compliance standards.
Key Takeaways
- Market access: Kraken xStocks expands European investor access to US-equity exposure via tokenized stocks.
- Operational model: The offering runs on Solana, supports 24/5 trading and enables cross-platform movement and self-custody.
- Regulatory note: Availability is jurisdiction-dependent and subject to KYC and local securities rules; users should verify eligibility.
Conclusion
The launch of Backed’s xStocks on Kraken in Europe advances the adoption of tokenized stocks by offering extended trading hours, interoperability, and self-custody options. As tokenized securities evolve, investors should review issuer terms, eligibility, and regulatory disclosures before participating. For more on related coverage, see Cointelegraph and official Kraken announcements (plain text references).
