Kraken to launch tokenized stock trading for Apple, Nvidia, and others outside US

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Backed is thrilled to unveil xStocks, a new line of over 55 tokenized stocks and ETFs, set to launch soon on Kraken and integrated with Solana’s best DeFi apps,”

The tokenized equity market will dwarf the stablecoin sector, which currently has a total supply of about $240 billion, led by Tether.

The service, which will debut in the coming weeks, will feature tokenized versions of more than 50 stocks and exchange-traded funds, and be available to customers in Europe, Latin America, Africa and Asia, according to The Wall Street Journal, which reported on Kraken's launch on Thursday.