Apple and Tesla tokens coming soon to Kraken

Crypto exchange Kraken plans to launch trading of tokenized shares of popular companies like Apple and Tesla for users outside the United States, according to Happycoin.club and Investing.com.

The new product, called xStocks, will include over 55 tokenized stocks and ETFs. It’s set to debut on Kraken in the coming weeks and will be integrated with leading DeFi apps on the Solana blockchain.

The service will be available to clients in Europe, Latin America, Africa, and Asia.

This move comes just a month after Kraken executive Arjun Seti claimed that the tokenized stock market could outgrow the $240 billion stablecoin sector. “One tokenized share could be as valuable as — or more than — one Tether,” he said. “You could hold 50, 500, or even 1,000 of them. On top of that, you'll be able to trade futures and options. The market will be much bigger, faster, and more liquid.” Read 'Zamin' on Telegram!