Kraken cryptocurrency exchange has expanded its Xstocks offer to millions of customers throughout the European Union, providing chain access to US shares to investors in the region.
The expansion allows European investors eligible to trade tokenized versions of popular actions in the United States and stock -listed funds (ETF) directly through the Kraken application.
“Expanding Xstocks to the European Union was a next natural step for Kraken, given our dedicated growth strategy and the presence of the market here. For too long, a challenge has been unnecessarily to obtain exposure to US markets, and with Xstocks we eliminate many of the barriers,” said Mark Greenberg, Kraken global consumer chief in the announcement shared with Coinridesk.
Tokenized stocks, also known as Xstocks, developed in association with the Swiss Fintech supported company, are representations based on Blockchain of Actions or ETF of the real world.
These chips reflect the value of the underlying actions and can be negotiated or maintained like any other cryptocurrency in their wallet. These instruments address the long -standing challenges faced by global investors trying to access the United States stock market, which has traditionally been difficult and full of friction.
With Xstocks, EU -based investors can exchange tokenized certificates that track the prices of popular actions in the United States, eliminating the need for traditional corridors or intermediaries. Investors will maintain complete control over their assets, allowing movement without problems through compatible platforms and self -ustody.
In addition, Xstock can be integrated into decentralized finances (Defi) Protocols, which serve as compound financial construction blocks that improve the flexibility and participation of users in modern digital markets.
Kraken deployment of 24/5 Xstocks in the EU is consistent with the growing interest in blockchain -based financial infrastructure and reflects broader tendencies of the industry towards decentralization, transparency and democratization of global financial markets.
According to Boston Consulting Group (BCG) And McKinsey & Company, the world market for tokenized assets is expected to be valid bills of dollars for the 2030s.
Tokenized actions function as tokens SPL in the Solana block chain, known for rapid and low-cost transactions, with plans to expand the support to Bep-20 Blockchains and the main Ethereum. This multi -chain approach aims to integrate Xstocks more deeply into the booming ecosystem.
