Kraken Expands xStocks to Ethereum With 60+ Tokenized Assets Backed 1:1
Kraken has launched its tokenized equities platform xStocks on the Ethereum mainnet, as part of its multi-chain rollout.
Quick overview
- Kraken has launched its tokenized equities platform xStocks on the Ethereum mainnet, expanding its multi-chain strategy.
- The platform offers over 60 tokenized equities, including major companies like Apple and Tesla, as ERC-20 tokens fully backed by underlying securities.
- Eligible non-U.S. clients can now deposit and withdraw xStocks directly into Ethereum wallets, enabling interaction with DeFi protocols.
- Kraken's xStocks aims to bridge traditional equities and blockchain finance, with analysts predicting a multi-trillion dollar market for tokenized securities in the coming decade.
Kraken has launched its tokenized equities platform xStocks on the Ethereum mainnet, as part of its multi-chain rollout. The move, announced September 2, follows earlier deployments on Solana, BNB Chain and TRON.
The Ethereum launch brings more than 60 tokenized equities, including Apple (AAPLx), Tesla (TSLAx), Nvidia (NVDAx) and the S&P 500 ETF (SPYx), all as ERC-20 tokens. Each token is fully backed 1:1 by the underlying security through Kraken’s partnership with Swiss fintech firm Backed.
Ethereum’s role in DeFi makes this expansion even more important. With over $500 billion in assets secured and a DeFi market of $107 billion, Ethereum provides liquidity and a large user base for Kraken’s product.
⚡️ Kraken Expands xStocks to Ethereum Mainnet
Kraken launches xStocks on Ethereum as ERC-20 tokens, adding 60+ assets like Apple, Tesla, Nvidia to DeFi. $3.5B trading volume across Solana, BNB Chain, TRON. #CryptoInvesting #Blockchain #Tokenized
— HstockORG (@HstockORG) September 3, 2025
Integrating with Ethereum DeFi
Eligible non-U.S. clients can now deposit and withdraw xStocks directly into Ethereum wallets. Once on-chain, these equities can interact with DeFi protocols, enabling:
- Lending against tokenized equities.
- Using stocks in yield farming strategies.
- Seamless transfers between Kraken and self-custody wallets.
Kraken says this functionality turns tokenized equities into composable financial instruments within blockchain ecosystems.
Since launching in June, xStocks has seen over $3.5 billion in cumulative trading volume across centralized and decentralized platforms. On Solana alone, the product has 25,000 unique holders and $400 million in sales in its first month, showing rapid adoption.
Kraken expands tokenized stocks to Ethereum mainnet
Kraken has expanded xStocks to Ethereum, bringing tokenized equities like Apple, Tesla, and Nvidia to Ethereum DeFi with direct deposits and withdrawals.
— crypto.news (@cryptodotnews) September 3, 2025
Tokenization Trend Gains Momentum
xStocks don’t give shareholder rights like voting but are designed to provide price exposure, fractional ownership and 24/7 trading. Dividends from the underlying securities are automatically reinvested into new tokens, so returns are streamlined.
Kraken calls the product a “neutral asset class” – a bridge between traditional equities and blockchain-based finance. By going to Ethereum, the company is committing to a multi-chain strategy to maximize reach and liquidity.
Analysts predict tokenized securities could be a multi-trillion dollar market in the next decade. Kraken is an early mover in this trend and is giving investors new ways to access global equity markets through blockchain.
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