Kraken to Launch 24/7 Tokenized Trading of Apple, Tesla, Nvidia Shares for Non-US Clients – Crypto News – Crypto News
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Kraken to Launch 24/7 Tokenized Trading of Apple, Tesla, Nvidia Shares for Non-US Clients Kraken to Launch 24/7 Tokenized Trading of Apple, Tesla, Nvidia Shares for Non-US Clients

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Kraken to Launch 24/7 Tokenized Trading of Apple, Tesla, Nvidia Shares for Non-US Clients – Crypto News

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Cryptocurrency exchange Kraken plans to introduce tokenized trading of more than 50 U

Cryptocurrency exchange Kraken plans to introduce tokenized trading of more than 50 U.S. stocks and exchange-traded funds, starting with Apple, Tesla and Nvidia, for customers outside the United States. The digital securities, branded “xStocks,” will be available in the coming weeks to users in Europe, Latin America, Africa and Asia, with expansion to the U.K. and Australia expected later.

The tokens will be issued by partner BackedFi and trade around the clock on the Solana blockchain, allowing investors to buy, sell or hold the assets even when U.S. equity markets are closed. Kraken says each token will be backed one-for-one by the underlying share or ETF, mirroring the price of securities such as the SPDR S&P 500 ETF and SPDR Gold Shares.

U.S. customers are excluded from the rollout amid domestic securities restrictions. Kraken said it is “actively working with various regulators” in relevant jurisdictions to secure the necessary approvals and will bar access where the product is not permitted.

By pairing traditional equities with blockchain infrastructure, Kraken joins a growing number of firms seeking to broaden market access and offer continuous trading, underscoring the accelerating push toward tokenization of real-world assets.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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