Haciyev Reşit 
U.S.-based cryptocurrency exchange Kraken has announced the launch of tokenized securities trading in Europe. Following its initial presentation in June, Kraken’s xStocks platform, developed in collaboration with Backed, is now officially available to eligible European investors.
Background: Solana Integration and Global Plans
In May, Kraken announced its integration of tokenized stock certificates on the Solana blockchain in partnership with Backed, planning to offer the service to customers in over 140 countries worldwide. The European expansion allows Kraken users to trade tokenized certificates that track U.S. equities 24/7.
Advantages of xStocks in Europe
Through xStocks, European users can:
- Track popular U.S. stocks via tokenized certificates
- Trade without relying on traditional brokers or intermediaries
- Freely move or self-custody assets across compliant platforms
Kraken’s Global Consumer President Mark Greenberg commented:
“Expanding xStocks to the EU was the natural next step, given our private growth strategy and presence in this market. Accessing U.S. markets has long been unnecessarily restrictive, and xStocks removes most of those barriers.”
Tokenized Securities in Europe and the U.S.
Kraken’s xStocks expansion is seen as another step in increasing interest in tokenized securities in Europe. Competitors like Gemini and Robinhood offer similar regional products, while Nasdaq has applied for regulatory approval to enter the U.S. market.
Greenberg added regarding Nasdaq’s entry:
“Models focused solely on KYC will have walled-off access, but the real technological breakthrough lies in permissionless, interoperable platforms like xStocks. Assets are not trapped on a single exchange, wallet, or blockchain—they can move as freely as any crypto. This openness is the essence of Web3.”
Why This Move Matters
Kraken’s xStocks expansion enhances accessibility to tokenized securities for European investors and highlights a transparent, flexible, and borderless trading model. The initiative is expected to strengthen interest in tokenized assets both in Europe and globally, positioning Kraken as a strategic leader in the emerging market.
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