Kraken launches tokenized securities trading in Europe with xStocks
Kraken has rolled out Backed’s xStocks in Europe, becoming the latest company to offer tokenized stocks in the region after Gemini and Robinhood.
US crypto exchange Kraken is the latest platform to introduce tokenized securities in Europe, following an initial rollout in June.
Kraken has officially launched Backed’s tokenized securities offering, xStocks, to eligible European investors, the exchange told Cointelegraph on Wednesday.
The European expansion comes months after Kraken teased its tokenized stocks integration with Backed on the Solana blockchain in May, with plans to launch the offering to clients in over 140 countries globally.