Kraken Expands xStocks Across Europe Amid Rising Demand for Tokenized Equities

Highlights:

• Kraken is expanding xStocks to offer its services to European Union investors.
• More than 60 U.S. stocks and ETFs are now available to EU traders on a tokenized basis.
• The tokenized assets can be accessed 24/5 and transferred across platforms without restrictions.

U.S. crypto exchange Kraken has officially introduced its xStocks service to customers in the European Union to offer access to a growing number of tokenized stocks from the U.S. Investors across Europe can now trade more than 60 tokenized assets, including big names such as Tesla, Apple, Nvidia, and Google. This expansion follows Kraken’s previous global rollout in over 140 countries and signals a strong move towards blockchain-based equities.

These tokenized stocks, which are powered by blockchain startup Backed, represent actual shares held 1:1 by custodians. They provide an alternative to the traditional means of brokerage where middlemen are not needed. European investors can now get access to the US markets with fewer obstacles. This includes currency conversion or limited access as a result of time zone restrictions.

Moreover, Kraken also allows trading in these assets 24/7 using their app. This therefore provides traders with a great deal more flexibility than traditional exchanges. In addition, this structure enables users to interact with U.S. equities on their own terms and directly from the blockchain without geographic limitations.

Europe, your wait is over.

xStocks are now live in the Kraken app for eligible clients in Europe!

Break the broker barrier 👇https://t.co/viHhrZp8Jv pic.twitter.com/sGV7MeI4nJ

— Kraken (@krakenfx) September 10, 2025

Kraken Expands xStocks with Broader Blockchain Compatibility

Since its launch in June, xStocks has seen over $3.84 billion in cumulative trading volume on decentralized and centralized platforms, according to data on Dune Analytics. TSLAx (Tesla), NVDAx (NVIDIA), MSTRx (MicroStrategy), and CRCLx (Circle) have been the most actively traded so far. These tokenized versions have gained particular popularity on platforms such as Raydium and Kraken itself.

Initially introduced as SPL tokens on the Solana blockchain, xStocks is now growing across different blockchain ecosystems. Kraken has confirmed it supports BEP-20 tokens on BNB Chain. The support further increases access to users who prefer to use the Ethereum-compatible network. In August, Kraken and Backed also made an integration with the Tron blockchain, with other support for new chains like Ink in the near future.

Kraken (@krakenfx), Backed (@BackedFi) xStocks (@xStocksFi), Tron (TRX) (@trondao) Extensions… RWA Stock Tokenization Accelerates

💰 The tokenization of real-world assets is accelerating as Kraken and Backed Finance's "xStocks" expands its tokenized stock service to the Tron… pic.twitter.com/YTmRM8SvGW

— TokenPost (@tokenpost) August 21, 2025

Kraken’s Global Head of Consumer, Mark Greenberg, said:

“It was a logical step that Kraken expanded xStocks to the European Union. It has been too long an unnecessary struggle to be exposed to U.S. markets, and with xStocks we are doing away with most of the barriers.”

Tokenized Equities Offer Real-World Access Without Borders

Tokenized stocks are transforming access to worldwide capital markets. Unlike traditional investment systems, these digital assets are available in fractional ownership, global participation, and the freedom to move funds from one wallet to another and from one platform to another. Moreover, EU investors no longer have to rely on intermediaries, and they are not limited by market hours.

The growing needs of blockchain-native financial tools drive Kraken to expand xStocks. Through on-chain settlement and real-time asset transfers, users are able to manage their investments directly. These tokenized assets can also be interacted with by DeFi protocols. This allows for new use cases beyond simply buying and holding the asset.

The move puts Kraken in the same position as others, such as Gemini and Robinhood, which have launched similar tokenized offerings in the EU. Meanwhile, Nasdaq has shown an interest in bringing tokenized assets to regulated spaces. This consequently demonstrates the increasing institutional confidence in blockchain-based securities.