Kraken Launches xStocks on Ethereum, Expanding Access to 60+ Tokenized Equities

Kraken has launched its xStocks product on the Ethereum mainnet, bringing over 60 tokenized asset options to DeFi users. This expansion comes as the platform seeks to capitalize on the growing DeFi ecosystem and address regulatory pressures in the industry. Kraken’s move allows for non-US clients to trade and invest in these tokenized equities using Ethereum wallets. The product offers fractional ownership of major companies, including Apple, Tesla, Nvidia, Amazon, and Meta, along with broader access to decentralized finance (DeFi) protocols.