Kraken has officially launched xStocks, offering 50+ tokenized U.S. equities & ETFs—including Apple, Tesla, Nvidia, SPY—on the Solana blockchain for non-U.S. users, with 24/7 trading around the clock 🔄 .
• 🌍 Who’s Eligible?
Traders in Europe, Latin America, Asia, Africa, but not in the U.S. .
• 💡 How It Works:
xStocks are 1:1 backed by real shares held by Backed Finance and can be redeemed for cash—tradable anytime with crypto, fiat, or stablecoins .
• ⚙️ DeFi Integration:
Designed for on-chain composability—use xStocks as collateral, swap them, or plug them into Solana-based DeFi protocols.
• 🛡️ Note:
These tokens don’t confer voting rights or dividends—real shares remain with the issuer; xStock holders gain price exposure only .
• 📈 Why It Matters:
Reduces cross-border friction, cuts fees, and supports new forms of global capital flows. Coinbase is now following suit, applying to the SEC to offer tokenized equities in the U.S.  .
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🔥 TL;DR:
xStocks = borderless, 24/7 U.S. stock access outside the U.S.
Great for global traders—just know: no shareholder rights, only price exposure!
#LearnAndDiscuss #TradersLeague $WCT