Kraken Launches xStocks: Tokenized Version of Major US Stocks for Wider Investor Access

US-based cryptocurrency exchange Kraken is poised to launch ‘xStocks,’ a new service offering tokenized versions of well-known American stocks like Apple, Nvidia, and Tesla. This move aims to provide greater market access to investors beyond the traditional U.S. brokerage system. xStocks will act as digital proxies for individual shares, allowing investors to gain exposure to large companies without incurring hefty fees often associated with traditional brokers. By offering fractional ownership of these tokens, Kraken enables even smaller investments from retail participants.