Kraken Rolls Out Tokenized U.S. Stocks Across Europe
Kraken has opened the door for European users to trade tokenized versions of major U.S. equities, offering 24/7 access to more than 60 companies including Apple, Meta, and GameStop.
The rollout builds on the exchange’s earlier launch in May and is powered by xStocks, a blockchain platform developed by Backed Finance.
The assets mirror the prices of real shares but trade entirely on-chain, bypassing Wall Street’s traditional infrastructure. Each token is backed by third-party issuers rather than the companies themselves, allowing investors to hold and move them within the crypto ecosystem.
The design also enables tokenized stocks to be used as collateral in decentralized finance platforms, expanding their utility beyond standard trading.
Kraken’s Co-CEO Arjun Sethi framed the move as a push to align ownership with value, criticizing how traditional markets allow institutions to capture benefits like staking or lending instead of passing them on to shareholders.
The tokenized stock market is still small—valued at roughly $421 million—but competition is heating up. Robinhood introduced its own European offering earlier this year, which controversially included private firms like OpenAI. Kraken has taken a different path, focusing exclusively on established, publicly listed companies to avoid similar disputes.
By keeping the lineup tied to recognizable names, Kraken is betting that demand for around-the-clock equity exposure—and the ability to use stocks within crypto-native systems—will drive adoption in Europe’s growing digital asset market.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
