Kraken & Backed Launch xStocks on Solana, Revolutionizing US Equity Access

Kraken and Backed have unveiled xStocks on the Solana blockchain, providing international investors with non-US access to tokenized US equities and ETFs. This initiative signals a shift in global equity investment, leveraging blockchain technology to lower barriers, costs, and enhance accessibility for non-US markets. 24/7 trading is now possible through this innovative platform, offering an entirely new way to access the American equity market. Kraken’s xStocks aim to revolutionize how investors interact with traditional assets, offering a borderless, accessible, and seamless experience. The project promises significant benefits for Solana, anticipated to boost its activity significantly. Experts view this venture as potentially groundbreaking, offering investors unprecedented avenues to engage in markets, driven by improved accessibility and potential blockchain advantages.