Kraken Unveils Round-the-Clock Trading of Apple, Tesla, Nvidia Tokens on Solana Platform

Key Points

• Kraken is launching xStocks, a 24/7 trading platform for tokenized U.S. equities.
• The new service will provide global investors with continuous access to leading stocks like Apple, Tesla, and Nvidia.

Kraken is revolutionizing traditional finance with the introduction of 24/7 trading for tokenized U.S. equities. This innovative move allows global investors to have uninterrupted access to major stocks such as Apple, Tesla, and Nvidia.

Overcoming Legal Challenges

Over the years, Kraken has faced legal challenges with the Securities and Exchange Commission (SEC). However, the launch of xStocks underscores the platform’s continuous evolution.

Kraken expressed its excitement over the unveiling of xStocks, a new line of over 55 tokenized stocks and ETFs. The service is set to launch soon and will offer tokenized versions of over 50 stocks and ETFs.

Global Accessibility

xStocks will be accessible to users in Europe, Latin America, Africa, and Asia, providing 24/7 trading similar to Bitcoin (BTC) . By presenting traditional equities in a crypto-native format, Kraken aims to provide constant market access outside the U.S.

Kraken already operates a conventional stock trading platform in the U.S. with over 11,000 stocks and ETFs. The firm plans to extend this service to clients in the U.K., Europe, and Australia.

Changing Crypto Landscape

Under the administration of President Donald Trump, the SEC eased many crypto-related lawsuits, including those against Kraken. While Binance explored equity tokenization in 2021, it halted due to regulatory pressure.

However, the current climate is changing. With increasing support from U.S. lawmakers and major players like Robinhood and BlackRock entering the tokenization space, Kraken is capitalizing on the opportunity to advance its vision in this evolving market.