Kraken Launches xStocks: Tokenized U.S. Stocks and ETFs
kraken, a popular crypto exchange, has introduced xStocks, a platform that lets users trade tokenized versions of over 60 U.S.stocks and ETFs. This includes tech giants like Nvidia, Apple, and Tesla. The move shows how crypto platforms are blending traditional finance features.
Launched on June 30, xStocks offers tokenized securities backed 1:1 with real stocks. Thes SPL tokens can be stored in personal wallets, giving users more control. Though, trading is limited to workdays, with weekend trading still in development. Also,due to regulations,it’s not available in major markets like the U.S., Canada, and the EU.
While xStocks provide exposure to major stocks, they come with limitations. Users can’t vote in shareholder meetings or receive dividends. This makes them ideal for high-growth stocks that typically don’t pay dividends, such as Tesla and Nvidia. Most stocks on the platform fall into this category.
Tokenized stocks are part of a growing trend of putting real-world assets on the blockchain. The total value of real-world assets on the chain reached $50 billion by March 2025, with projections of $2 trillion by 2030. Despite these constraints, xStocks are a step towards integrating traditional finance with crypto.
However,xStocks have limitations. They don’t offer dividends or voting rights in shareholder meetings. This makes them more suitable for high-growth stocks like Tesla and Nvidia,which typically don’t pay dividends. Most stocks on the platform fall into this category.
tokenized stocks are part of a larger trend of real-world assets on the blockchain. By March 2025, the total value of real-world assets on the chain reached $50 billion, with projections of $2 trillion by 2030. This shows the growing integration of traditional finance features into crypto platforms.
