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4h ago

Trust Wallet Integrates Kraken’s xStocks to Bring Tokenized U.S. Equities to 200 Million Users

Eligibility is limited by securities rules despite the wallet’s broad technical reach.

Photo: Trust Wallet

Overview

  • Roughly 60 tokenized shares become available inside Trust Wallet, with purchase and storage supported via local fiat in a self-custody setup.
  • Support spans Ethereum, Solana, BNB Chain, and TRON, enabling deposits and withdrawals across chains and movement between exchanges and DeFi.
  • Kraken is positioned as a primary liquidity hub to provide access to deep markets for these on-chain equities.
  • Backed Finance issues the tokens with strict 1:1 collateralization to underlying shares as part of the regulated structure.
  • Access is unavailable in the United States, the United Kingdom, Canada, and Australia and requires compliance checks, with companies reporting over $4 billion in trading volume since launch.