ChainCatcher reports that Kraken has announced a strategic partnership with tokenized stock issuer Backed and the Solana Foundation to launch xStocks, aimed at providing tokenized US stock and ETF investment opportunities for global investors.
xStocks will first deploy digital forms of US-listed stocks and ETFs based on SPL on the Solana blockchain, with the initial tokenized assets to be made available to qualified customers in selected non-US markets through the Kraken application.
Mark Greenberg, Kraken's Global Head of Consumer, stated: "We are reimagining stock investing by providing an open, instant, and borderless investment experience through blockchain technology."
