Kraken Expands xStocks to Ethereum Mainnet, Furthering Tokenized Equity Revolution

Kraken has expanded its xStocks platform, offering tokenized equities on the Ethereum mainnet. This strategic move marks another step in the company’s multi-chain rollout and adds over 60 new assets to Ethereum’s DeFi ecosystem. xStocks, developed with Swiss firm Backed, is already seeing success across Solana, BNB Chain, and TRON, generating $3.5B in trading volume. Now, Kraken’s xStock platform is bringing its innovative approach to one of the most established blockchain ecosystems, expanding reach and accessibility.