Kraken Launches 24/5 Trading of Tokenized US Stocks

3 mins mins

Key Points:

Kraken enables 24/5 trading of tokenized stocks.
Excludes US users due to regulatory issues.
Tokenized on Solana blockchain, impacting SOL demand.

Kraken has introduced xStocks, facilitating 24/5 trading of tokenized US stocks, excluding American users, on its platform.

This move highlights Kraken’s efforts to integrate traditional and crypto markets, offering 60 tokenized stocks, potentially increasing Solana blockchain activity.

Kraken’s xStocks: 24/5 Trading of Top 60 US Stocks

Kraken has launched xStocks, a feature allowing the 24/5 trading of 60 US-based company stocks as tokenized assets. This initiative aims to facilitate the merger between traditional finance and the cryptocurrency sector. Currently, users will be able to trade significant firms like Apple, Tesla, and Nvidia on the Kraken platform with plans to expand the list further. This move does not cater to US residents, ensuring compliance within prevailing geographical restrictions.

The introduction of xStocks marks a major milestone, enabling investors to trade tokenized assets more flexibly. By offering 24-hour trading from Monday to Friday, it breaks conventional market limitation barriers. Such changes may also impact Solana’s market demand, the chosen blockchain for these tokenized stocks, increasing its application as users engage with new financial possibilities.

“The launch accentuates Kraken’s commitment to expanding access to equity markets globally,” said David Ripley, CEO of Kraken.

Market reactions are cautiously optimistic, seeing this launch as a breakthrough in financial accessibility. Although leading figures such as Kraken CEO David Ripley have not publicly commented, the chain’s prominent choice of excluding US residents suggests a significant emphasis on compliance. Analysts foresee broader discussions around xStocks as the service progresses.

Solana (SOL) Sees Surge as xStocks Boosts Activity

Did you know? The 24/5 trading capability introduced by Kraken resembles an evolution from traditional stock exchanges, which typically follow a 9 to 5 schedule. This could challenge established norms in global financial markets.

Solana (SOL) has seen significant activity following xStocks’ implementation. As per CoinMarketCap, SOL’s value surged to $157.17, with a remarkable 24-hour trading volume increase by 105.52%. Solana’s market dominance stands at 2.53%, reflecting increased attention and adoption. Notably, SOL’s pricing has risen by 4.33% in the last day and an impressive 22.81% over three months. This uptick solidifies Solana’s strategic role in the ever-expanding tokenized trading space.

solana-daily-chart-135 — Solana(SOL), daily chart, screenshot on CoinMarketCap at 17:20 UTC on June 30, 2025. *Source: CoinMarketCap*

Experts at Coincu suggest that this development will spur technological innovation within DeFi protocols on Solana, enhancing liquidity and functionality for tokenized assets. Financial contexts might witness shifts toward decentralized exchanges, promoting broader global financial engagement. Developers and users envision distinct regulatory landscapes evolving, stimulating mixed community responses as this integration matures.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.