Kraken To Launch 24/7 Tokenized Stock Trading On Solana

Kraken is planning to launch 24/7 global trading of tokenized shares, called xStocks, for over 50 major U.S. stocks and ETFs including Apple, Nvidia, Tesla, and SPY.

Issued on the Solana blockchain and backed 1:1 by real shares held by Backed Finance, these tokens will be available to customers outside the U.S., starting with Europe, Latin America, Africa, and Asia.

Source: Coindesk