PANews reported on May 22 that Kraken announced on X platform that the crypto exchange has reached a new partnership with Backed to launch xStocks on Solana. xStocks will provide tokenized versions of US-listed stocks and will soon be available to eligible Kraken customers in specific non-US markets. This is a new market access layer built on cryptocurrency infrastructure, aimed at achieving cross-chain expansion.
Previous reports indicated that Kraken will offer over 50 tokenized stocks and ETFs, covering stocks of Apple, Tesla, and Nvidia.
