Kraken Launches 50+ Tokenized Stocks on Solana Blockchain

Kraken has launched a new platform for tokenized stocks called xStocks, offering global investors access to iconic American companies through 24/7 trading across borders. This innovative solution is powered by the Solana blockchain and its robust infrastructure, which enables low latency and extensive reach. The partnership between Kraken and Backed Finance ensures secure custody of physical stocks, while the Solana Foundation provides the necessary blockchain technology for this initiative. This move promises to disrupt traditional stock market access by offering a more flexible, efficient, and borderless experience compared to existing platforms.