Key Takeaways:
- Kraken introduces xStocks platform for non-US customers
- 24/7 trading access to major US stocks like Apple, Tesla, and Nvidia
- Digital ledger technology enables round-the-clock market access
In a groundbreaking development for global stock trading, cryptocurrency exchange Kraken has announced the launch of its tokenized US stock trading platform, xStocks, targeting non-American customers. This initiative marks a significant expansion of Kraken’s recent move into tokenized securities, now enabling international investors to trade popular US stocks around the clock.
Revolutionary 24/7 Trading Access
The xStocks platform will initially offer tokenized versions of high-profile US stocks, including tech giants Apple, Tesla, and Nvidia. This innovative approach allows international investors to trade these assets even when traditional US markets are closed, effectively breaking down temporal barriers in global trading.
Technical Implementation and Security
Kraken’s tokenized stock system operates on a digital ledger, ensuring transparent and secure trading operations. Each tokenized stock represents actual ownership of the underlying equity, with the tokens being fully backed by the corresponding traditional shares.
Impact on Global Investment Landscape
This development represents a significant step toward democratizing access to US equity markets, potentially reshaping how international investors interact with American securities. The 24/7 trading capability addresses a long-standing limitation of traditional stock markets, particularly beneficial for investors in different time zones.
Frequently Asked Questions
- Who can access Kraken’s xStocks platform?
The service is available to non-US customers who meet Kraken’s eligibility requirements. - What stocks are available for trading?
Initially, major US stocks including Apple, Tesla, and Nvidia, with plans for expansion. - How are the tokenized stocks backed?
Each token is backed 1:1 by actual shares held in custody.
