🌍🟩 Kraken and Bybit Launch Tokenized Stocks for Global Investors: Wall Street Goes Onchain 🌍
Major crypto exchanges Kraken and Bybit have rolled out tokenized stocks and ETFs through the Swiss-based xStocks platform by Backed, targeting investors outside the United States who want seamless access to American equities.
🔷 The offering features high-profile US stocks—including tech leaders, Nike, Walmart, and Exxon Mobil—in tokenized form, allowing non-US investors to own fractions of US stocks and hold these Solana-based assets directly in their crypto wallets alongside other digital assets.
🔷 With xStocks, users can move, hold, spend, or borrow against tokenized shares, all from their wallets, with no intermediaries, borders, or delays. Trading fees are waived for users paying in USD or USDG stablecoin, though spreads apply.
🔷 Token holders do not directly own the underlying stocks; instead, dividends are distributed as additional tokens, and each token is fully backed by real shares held by Backed.
🔷 The tokens are available for trading around the clock, with instant onchain settlement and compatibility with DeFi protocols, enabling uses like collateralization and lending that are not possible with traditional stocks.
🔷 Kraken and Bybit emphasize compliance with European regulations and transparency through Chainlink’s Proof of Reserves system, though investors should be aware of operational, legal, and liquidity risks unique to tokenized assets.
🔷 This launch marks a significant step in merging traditional finance with blockchain, offering global investors a new way to access, use, and trade US equities in a crypto-native format.
Kraken and Bybit’s tokenized stock offerings are reshaping how the world can interact with traditional equities, bringing Wall Street directly onto the blockchain and into the hands of a global, digital-first audience.
https://www.ledgerinsights.com/kraken-and-bybit-launch-tokenized-stocks-targeting-global-investors/