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Kraken and Backed Launch xStocks on Ethereum as ERC-20 Tokenized U.S. Equities

Eligible non‑U.S. users can move tokens from Kraken to self‑custody for use across DeFi protocols.

Kraken, backed bring tokenized equities offering to ethereum mainnet
Ethereum becomes latest home for kraken’s tokenized equities expansion

Overview

  • The Ethereum mainnet release issues xStocks as ERC‑20 tokens, bringing tokenized equities into Ethereum’s DeFi ecosystem.
  • More than 60 assets are supported at launch, including Apple (AAPLx), Tesla (TSLAx), Nvidia (NVDAx) and SPYx.
  • Each token is fully collateralized 1:1 by the underlying security, with dividends auto‑reinvested into new tokens and no voting rights granted.
  • Cumulative trading volume across earlier deployments on Solana, BNB Chain and TRON exceeds $3.5 billion since June.
  • Kraken notes ongoing geographic limits, with availability restricted to eligible non‑U.S. clients as regulatory scrutiny of tokenized equities continues.