What is Kraken's new tokenized stocks product?

Kraken has launched xStocks, a product offering 24/7, non-custodial, and permissionless tokenized stocks available globally.

How does xStocks benefit investors with limited equity access?

xStocks allows investors around the world to buy stocks, including fractional components, with as little as $10 to $20, providing access to equities that may be difficult to obtain in certain markets.

How will Kraken integrate tokenized stocks with everyday spending?

Kraken plans to launch a card in Europe and the UK that will allow users to hold their money in assets like Tesla and use them for everyday purchases like buying coffee.

Home / Business and Economy / Kraken Unveils Borderless Tokenized Stocks for Global Investors

Kraken Unveils Borderless Tokenized Stocks for Global Investors

8 Aug

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Summary

Kraken launches xStocks, 24/7 tokenized stocks available worldwide
Allows access to equities for investors with limited options
Plans to integrate tokenized stocks with everyday spending

Kraken Unveils Borderless Tokenized Stocks for Global Investors

Cryptocurrency exchange Kraken has made a significant move into the emerging market for tokenized equities, launching a new product called xStocks. As of August 2025, xStocks offers 24/7, non-custodial, and permissionless tokenized stocks available worldwide, with plans to expand the offering to Europe in the coming weeks.

The appeal of xStocks is clear for markets with limited equity access. Kraken's Vice President, Mark Greenberg, explains that even Canadians may have difficulty accessing certain equities, and xStocks aims to allow investors around the world to buy stocks, including fractional components, with as little as $10 to $20.

The infrastructure behind xStocks is fully backed, with the stocks held one-to-one in a special purpose vehicle in Jersey. Kraken's approach contrasts with more limited tokenized offerings from larger institutions, as xStocks can be traded on various exchanges, not just bought and sold back to the issuer.

Looking ahead, Kraken plans to integrate tokenized stocks with traditional equities and everyday spending. The company is set to launch a card in Europe and the UK in the coming weeks, allowing users to hold their money in assets like Tesla and use them for everyday purchases like buying coffee.

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