PANews reported on May 22 that Kraken announced on the X platform that the crypto exchange has reached a new cooperation with Backed to launch xStocks on Solana. xStocks will provide tokenized versions of US-listed stocks and will soon be open to eligible Kraken customers in specific non-US markets. This is a new market access level built on top of cryptocurrency infrastructure, designed to achieve cross-chain expansion.

According to previous news , Kraken will offer more than 50 tokenized stocks and ETFs, covering Apple, Tesla, and Nvidia stocks.