Kraken To Launch Tokenized Stocks On Solana, SOL Price Rallies

Kraken is proceeding with its ambitious plans to roll out tokenized US stocks for investors outside America. To achieve its plan, the exchange has lined up a raft of partnerships, but a collaboration with Solana has sent SOL prices surging. Kraken Eyes Tokenized US Equities Launch On Solana US-based cryptocurrency exchange Kraken has confirmed plans to offer tokenized US equities in select markets globally. According to a company announcement, the exchange will allow non-US investors to have access to tokenized versions of American stocks like Apple, Nvidia, and Tesla. Dubbed xStocksFi, Kraken’s new tokenized stock offering leans on key industry partnerships. Per the announcement, Kraken will launch xStockFi on Solana, with the exchange hinting at an expansion to other blockchains in the future. “With BackedFi and Kraken, tokenized US equities will soon trade on Solana – fast, borderless, and composable.” Furthermore, Kraken is tapping BackedFi for the incoming product launch,… Read More at Coingape.com

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