Quick Breakdown
- Kraken has expanded its xStocks tokenized equity platform to Europe, easing investor access to U.S. markets.
- Over $3.84 billion in xStocks trade volume has been recorded since launch in June.
- Support is expanding to BNB Chain, Tron, and other blockchains to enhance adoption.
Kraken Opens U.S. Equity Access to European Investors
Kraken has announced the expansion of its tokenized equities platform, xStocks, to European customers, citing growing interest in blockchain-powered exposure to traditional assets.
Europe, your wait is over.
xStocks are now live in the Kraken app for eligible clients in Europe!
Break the broker barrier 👇https://t.co/viHhrZp8Jv pic.twitter.com/sGV7MeI4nJ
— Kraken (@krakenfx) September 10, 2025
“For too long, it’s been unnecessarily challenging to gain exposure to U.S. markets, and with xStocks we’re removing many of the barriers,”
said Mark Greenberg, Kraken’s Global Head of Consumer.
The exchange highlighted that xStocks will reduce hurdles faced by European investors, including foreign exchange frictions, settlement delays, and high brokerage fees.
“Why xstocks, why tokenized assets, because if you own a share, you should own it. If someone is going to make money off of it, from staking or otherwise, then it should be passed on to the person who owns it versus the institution which is how traditional finance works today.”
Kraken Co-CEO Arjun Sethi
Tokenized Certificates Without Intermediaries
xStocks issues blockchain-based certificates that mirror the price movements of more than 50 U.S. stocks — including tech giants like Nvidia and Google. Unlike traditional equity platforms, these tokens can be moved to self-custody wallets or integrated into decentralized finance (DeFi) protocols, eliminating reliance on brokers or intermediaries.
Since its launch in June, developed in partnership with tokenization startup Backed, xStocks has recorded more than $3.84 billion in trading volume across centralized and decentralized exchanges, according to Dune Analytics.
Expanding Blockchain Support
Kraken revealed plans to broaden xStocks compatibility beyond Ethereum by supporting BEP-20 tokens on the BNB Chain. The company also recently extended support to the Tron blockchain in collaboration with Tron DAO.
Looking ahead, Kraken intends to roll out integration with additional ecosystems, including the Ink blockchain.
“Over time, we’ll continue expanding Kraken’s xStocks support to additional high-impact blockchains with thriving ecosystems,”
the exchange stated.
Tokenization Reshaping Capital Markets
Kraken emphasized that tokenized assets such as xStocks mark more than just a technical innovation, they represent a fundamental change in how global capital markets will function.
“We believe xStocks aren’t just a technical evolution — they represent a fundamental shift in how capital markets will operate: borderless, decentralized, permissionless, and onchain,”
Kraken added.
If you would like to read more articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
