Ethereum

Tesla

Apple

TRON

<p>Kraken has expanded its tokenized equities product, xStocks, to the Ethereum mainnet, marking another step in its multi-chain rollout.&nbsp;</p>
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 <div class="cn-block-summary__nav tabs"><span>Summary</span>
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   <li>Kraken has launched its tokenized equities product, xStocks, on Ethereum mainnet as ERC-20 tokens.</li>
   <li>The rollout adds over 60 assets to Ethereum’s growing DeFi ecosystem.</li>
   <li>xStocks, developed with Swiss firm Backed, has already generated $3.5B in trading volume across Solana, BNB Chain, and TRON.</li>
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<p>The move, <a href="https://x.com/xstocksfi/status/1962875479578259853?s=46&amp;t=nznXkss3debX8JIhNzHmzw" target="_blank" rel="noopener noreferrer nofollow">announced</a> on Sept. 2, follows earlier launches on Solana (<a href="https://crypto.news/price/solana/" target="_blank" rel="noopener noreferrer nofollow">SOL</a>), BNB Chain, and TRON (<a href="https://crypto.news/price/tron/" target="_blank" rel="noopener noreferrer nofollow">TRX</a>). The expansion introduces more than 60 tokenized assets, including Apple (AAPLx), Tesla (TSLAx), Nvidia (NVDAx), and SPYx, issued as ERC-20 tokens.</p>
<p>Each xStock is backed one-to-one by the underlying security through Kraken’s partnership with Swiss firm Backed.&nbsp; By deploying on Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH</a>), Kraken is opening access to one of the largest blockchain ecosystems, with more than $500 billion in assets secured and a rapidly growing decentralized finance market, valued at around $107 billion.</p>
<h2 class="wp-block-heading" id="integration-with-ethereum-defi">Integration with Ethereum DeFi</h2>
<p>Eligible non-U.S. clients will soon be able to deposit and withdraw xStocks directly to Ethereum wallets, enabling transfers between Kraken and self-custody. Once on-chain, these tokens can be used across DeFi protocols for lending or yield farming activities.</p>
<p>You might also like: <a href="https://crypto.news/kraken-sec-tokenized-trading-us-securities-law/" rel="noopener noreferrer nofollow"> Kraken’s SEC talks put tokenized trading to the test of the U.S. securities law </a></p>
<p>Kraken emphasized that this launch extends the reach of tokenized equities beyond trading, allowing them to function as composable financial instruments.</p>
<p>Ethereum is the fourth network to support xStocks since the product’s <a href="https://crypto.news/kraken-launches-tokenized-u-s-stocks-with-24-5-trading-via-xstocks/" target="_blank" rel="noopener noreferrer nofollow">debut</a> in June. Trading activity has already been strong, with more than $3.5 billion in cumulative volume across centralized and decentralized platforms.</p>
<p>The product attracted over 25,000 unique holders and generated $400 million in sales on Solana alone in its first month of launch. Building on this momentum, the Ethereum expansion provides access to more significant liquidity and a larger user base.</p>
<h2 class="wp-block-heading" id="tokenization-trend-gains-momentum">Tokenization trend gains momentum</h2>
<p>While xStocks do not grant shareholder rights like voting, they are intended to offer price exposure, fractional ownership, and round-the-clock access to stocks. It automatically reinvests dividends into new tokens.</p>
<p>The product, which Kraken refers to as a “neutral asset class,” aims to make traditional stocks interoperable and programmable within blockchain systems. The addition of Ethereum demonstrates Kraken’s dedication to a multi-chain strategy.</p>
<p>Over the next ten years, <a href="https://crypto.news/blackrock-ceo-larry-fink-calls-for-tokenized-stocks-and-bonds/" target="_blank" rel="noopener noreferrer nofollow">tokenized</a> securities could be worth trillions of dollars, according to analysts, with platforms like xStocks laying the groundwork for wider adoption.</p>
<p>Read more: <a href="https://crypto.news/defi-development-tokenize-stock-solana-kraken-2025/" rel="noopener noreferrer nofollow"> DeFi Development to tokenize stock on Solana via Kraken’s xStocks </a></p>

Kraken expands tokenized stocks to Ethereum mainnet

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