Kraken has announced a partnership with Trust Wallet to
integrate xStocks, its tokenized equities product, into the self-custody
wallet. The integration will allow Trust Wallet users to buy 60 different
xStocks using multiple fiat currencies and transfer them across blockchains
including Solana, BNB Chain, TRON, and Ethereum.
In parallel, other exchanges and brokers are advancing
tokenized equities: Coinbase
is seeking U.S. Securities and Exchange Commission approval to offer
blockchain-based trading of traditional stocks, while Robinhood
has launched tokenized versions of major U.S. equities for European users
under EU regulatory oversight.
xStocks Now Accessible via Trust Wallet Across
Blockchains
Backed will continue issuing xStocks as fully collateralized
tokens, maintaining a 1:1 backing for each equity. Since their launch in June,
xStocks have reached over $4 billion in combined exchange volume. The
integration with Trust Wallet aims to broaden access to U.S. capital markets
through tokenization.
Digital
assets meet tradfi in London at the fmls25
“Bringing xStocks to Trust Wallet places open and
interoperable tokenized equities directly into the hands of millions, alongside
the crypto, stablecoins and DeFi assets they already use every day,” Arjun
Sethi, Kraken co-CEO, commented.
This article was written by Tareq Sikder at www.financemagnates.com.
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