Kraken opening digital tokens of Apple, Tesla and Nvidia to people outside the U.S.

Kraken, the crypto exchange long entangled in legal battles with the U.S. SEC, is stepping into tokenized securities. In a release on Thursday, the company announced plans to offer tokenized versions of U.S. stocks, including Apple, Tesla, and Nvidia, to users outside the United States.

The platform is partnering with Backed, a blockchain-based financial asset specialist, to list over 50 U.S. stocks and ETFs as tokens on the Solana blockchain. This new product, branded as xStocks, will be available exclusively to non-U.S. customers, enabling 24/7 trading of traditional equities in a crypto-native format.

Kraken already operates a conventional stock trading platform for U.S. clients, offering access to over 11,000 stocks and ETFs through a standard brokerage model.

While previous attempts by exchanges like Binance in 2021 were short-lived due to regulatory pushback, changing sentiment in the U.S. — with lawmakers and firms like Robinhood and BlackRock embracing asset tokenization — signals a renewed opportunity for this market. Kraken, remaining a private company since its early U.S. launch before Coinbase, is positioning itself to lead this new wave of tokenized finance.

Source: CNBC

Voice of Osiz

We find this move by Kraken pretty exciting. Bringing tokenized stocks of Apple, Tesla, and Nvidia to a 24/7 crypto-native platform could seriously shake up how people invest globally. It’s a smart step toward blending traditional finance with Web3, and we’ll be watching closely to see how this unfolds.