Overview

• Access is offered via Kraken’s PEDSL-CY entity to EU clients who pass an appropriateness assessment or qualify as professional investors, and the tokens are not available to U.S. persons.
• The rollout includes more than 60 U.S.-listed stocks and ETFs with 24/5 trading, fractional purchases starting around €1, self-custody withdrawals, and use within DeFi applications.
• xStocks are issued on-chain by Backed Assets (JE) Limited as certificates that track market prices and do not provide voting or dividend rights.
• The program launched on Solana and now supports BNB Chain and TRON, with Ethereum and Kraken’s Ink network planned to extend multi-chain access.
• Company data and third-party dashboards show several billion dollars in cumulative trading since the June launch, as rivals such as Robinhood, Bybit and KuCoin expand similar products and industry groups urge closer regulatory scrutiny.