Kraken Partners with Backed to Bring xStocks to Ethereum

PANews reported on September 2nd, according to CoinDesk, that Kraken and Swiss firm Backed have announced the launch of their tokenized stock product, xStocks, on the Ethereum mainnet. Users can deposit and withdraw xStocks on the Ethereum blockchain using ERC-20 tokens, enabling interoperability with DeFi protocols. xStocks has previously launched on Solana, BNB Chain, and TRON, with cumulative trading volume reaching $3.5 billion.

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Author: PA一线

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