Kraken expands xStocks to the EU, allowing investors to trade tokenized U.S. stocks and ETFs on blockchain

According to Coinjie.com, on September 10, cryptocurrency exchange Kraken announced that it will expand its tokenized stock platform xStocks to the EU, allowing investors to trade tokenized US stocks and ETFs through blockchain. xStocks is developed in partnership with Swiss fintech company Backed to run on the Solana blockchain, providing low-cost, fast transactions. It also plans to support the BEP-20 and Ethereum mainnets to enhance integration with the DeFi ecosystem.