With the end of the Biden era, a new era seems to have dawn for digital finance. The current Pro-Crypto tenant of the White House seems determined to relaunch innovation, and the DEFI is already present. In this wake of disruption, initiatives flourish, like that of Kraken, who chooses to shake up Wall Street with his latest creation: XSTOCKS.
In short
- Kraken launches xstocks with Backed to offer US tokenized actions on Solana.
- These crypto assets will be available 24/7 in certain markets outside the United States.
- Users will be able to trader, transfer or use xstocks as decentralized collaterals.
- The initiative meets the rise in expectations towards more free and accessible financial solutions.
Kraken draws: the crypto enters the arena of actions
Coinbase had opened the ball with the integration of the S&P 500 on its platform. Today, Kraken follows suit and puts the double bites. Californian Exchange Allies with Backed, to offer tokenized actions in Solana. Baptized xstocksthis project will allow customers located outside the United States ofaccess Titles like Apple, Tesla or Nvidia… But crypto version.
Through tokens splinvestors will now be able to trader these shares 24 hours a day. The system promises unprecedented accessibility: without schedules, without borders, without intermediaries.
We reimagin investment in stocks and respond to a new request from our customers.
Mark Greenberg, World Director at Kraken
This Unpublished architectureopen and programmable, opens the door to a new finance – much more flexible than that of the tradfi.
Tokenization and Solana: a strategic merger with high potential
The choice of Solana blockchain owes nothing to chance. Speed, low latency, reduced costs : She checks all the boxes for a world -aded service. The XSTOCKS are thus designed to integrate into the DEFI and CEFI ecosystems, and be used as collateral.
When they launch, more than 50 actions will be available In some non-us markets, with a progressive extension. Arjun Sethi, Kraken co-ceo, summed up the vision:
We build accessible financial architecture, without borders or schedules.
Kraken's bet is also that of competition: Robinhood and even Blackrock invest in tokenization. Binance's failure in 2021 remains a warning, but political signals have changed: more flexible regulations under Trump create fertile land.
Exchanges war: when the crypto redefines investment
The race is launched. Each Crypto Exchange wants its share of the cake. Kraken, Coinbase, Robinhood… all bet on active world in digital version. Innovation becomes vital.
Some key figures on the tokenization of real assets (RWA):
- +42.8 %: growth of the RWA market between January and May 2025;
- $ 22.7 billion: current capitalization of the sector;
- $ 373.4 million: share of shares in this market;
- 11,000: titles available on the conventional Kraken actions platform for American customers;
- 50+: actions proposed in the XSTOCKS project
With features such as collateral use or free transfer via walletKraken wants to seduce tired users of traditional limits. The terrain is conducive: the demand explodes, the tools are mature and the crypto settles as an alternative.
Kraken does not intend to stop there. The platform is currently exchanging with Goldman Sachs and JPMorgan to raise a billion dollars. The objective? Successful in the IPO scheduled for the first quarter of 2026. This project marks a strategic moult: Kraken wants to establish himself as an essential institutional player in the crypto.
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