Kraken Expands xStocks to European Customers

Kraken is rolling out access to its xStocks product for European users, aiming to give more investors exposure to U.S. equities through blockchain-native infrastructure. The expansion follows rapid early adoption and billions in trading volume, as demand for tokenized real-world assets (RWAs) accelerates globally.

What’s the Scoop?

• EU Access Unlocked: Kraken’s tokenized equities product xStocks is now available to European customers, reducing friction around FX conversion, settlement times, and high fees tied to traditional U.S. equity exposure.
• Onchain Equities: xStocks track the price of over 50 U.S. stocks (like Nvidia and Google) through tokenized certificates, with full self-custody and DeFi utility.
• Cross-Chain Support Grows: Kraken has expanded xStocks support to BNB Chain tokens, partnered with TronDAO to bring xStocks to Tron, and teased upcoming support for Ink.

Bankless Take:

Tokenized equities are the most emergent type of tokenized real world assets. By providing xStocks access to Europeans, Kraken is directly competing against Robinhood, which also offers tokenized equity exposure to Europeans.