Kraken Ushers in New Era of Investing with Solana-Powered Tokenized Stocks

Kraken has launched a groundbreaking initiative, enabling eligible users in select global markets to gain onchain exposure to U.S.-listed stocks and ETFs directly through its app. Leveraging the Solana blockchain, this move marks a pivotal step towards revolutionizing how individuals invest globally. The company partnered with Backed’s xStocks offering, a new brand for tokenized equities designed for crypto platforms. Kraken selected Solana for its unparalleled performance, speed, and cost-efficiency. This partnership empowers users to buy and sell these tokenized assets with high throughput and low fees, paving the way for a seamless investment experience. ]