Kraken to Launch Tokenized U.S. Stocks for 24/7 Trading — Apple, Tesla, Nvidia Included
Crypto exchange Kraken is preparing to roll out a new program called xStocks, which will allow both U.S. and international users to trade tokenized versions of over 50 popular U.S. stocks and ETFs, including Apple, Tesla, and Nvidia—available 24/7 on the blockchain.
These “tokenized equities” are digital tokens backed 1:1 by shares of the actual underlying stocks. Kraken’s partner, Backed Finance, will manage share acquisition and ensure each token is fully collateralized.
While the offering represents a major leap forward in merging traditional finance with decentralized platforms, it’s not the first of its kind. A similar effort by Binance in 2021 was short-lived after regulators raised concerns over licensing and compliance across jurisdictions.
Kraken’s move could reshape equity trading by making U.S. stock exposure more accessible and borderless—especially for overseas investors seeking round-the-clock access to high-demand equities.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
