Kraken Lists Tokenized Apple, Tesla, Nvidia Stocks for Global Users via xStocks

Andrew Chen
Kraken Bitcoin

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Key Takeaways:

  • Kraken now offers tokenized access to 60 US equities across 185 countries (excluding major Western markets).
  • xStocks are self-custodied SPL tokens usable in DeFi protocols like Kamino Lend.
  • Users can trade fractional stocks anytime on weekdays, with weekend trading coming soon.

Kraken has unveiled 60 tokenized US equities on its platform via xStocks, enabling users outside traditional financial markets to trade real-world stocks like Apple, Nvidia, and Tesla. This move aims to meet growing demand from global investors seeking efficient access to US markets without relying on brokers or centralized exchanges.

Tokenized Equities for the Global Crypto Market

xStocks includes 55 individual stocks and 5 exchange-traded funds (ETFs), featuring top US firms like Microsoft, Nvidia, Apple, and Tesla. These digital assets are issued by Backed Assets Limited, not Kraken itself, and are fully collateralized 1:1 with their real-world counterparts.

Importantly, the service is unavailable to users in the US, UK, EU, Canada, and Australia due to regulatory restrictions. However, Kraken plans to expand access to 185 countries in the coming days. Trading will be live 24 hours a day, five days a week, with weekend support to follow soon — extending far beyond traditional market hours.

Fractional Ownership and Solana-Powered Transactions

One of the biggest draws is fractional ownership: users can purchase tokenized shares for as little as $1. Transactions are executed via the Solana blockchain, ensuring high-speed, low-fee settlement — a significant advantage over legacy systems and even other blockchains.

In addition, users can fund purchases using fiat, crypto, or stablecoins, making access more flexible and crypto-native friendly.

Self-Custody, DeFi, and On-Chain Integration

Kraken supports full self-custody of xStocks, allowing users to withdraw them as SPL tokens to Solana wallets. These tokens can be used within DeFi protocols — including as collateral on Kamino Lend — enabling lending, staking, and smart contract-driven strategies.

Thanks to Solana’s composability, xStocks are programmable and transferable, opening the door to algorithmic trading, bots, and custom strategies. Kraken’s recent acquisition of NinjaTrader also hints at upcoming futures integration, potentially expanding derivatives access.

Despite their utility, xStocks do not grant voting rights or dividends. Instead, they function like synthetic growth assets — ideal for traders targeting capital appreciation rather than income. This structure fits well with the DeFi ecosystem, where speed, liquidity, and automation are prioritized over traditional shareholder perks.

Also Read: Kraken Launches Krak App to Rival Ripple with Zero-Fee Global Crypto Payments

The tokenized real-world asset (RWA) market reached $50 billion by March 2025 and is projected to hit $2 trillion by 2030. Kraken’s launch adds a major offering to the still-nascent tokenized stock segment, which trails behind tokenized bonds and T-bills in volume.

While regulatory clarity and standardization remain hurdles, Kraken’s xStocks represent a structured advancement toward on-chain equity access for the global crypto investor.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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