Kraken Unveils Cross-Chain Execution Layer for Tokenized Equity Trading

Kraken's xStocks platform continues to expand its capabilities with the recent introduction of xChange, a multi-chain execution layer for tokenized equity trading.

xChange enables cross-chain transactions between Ethereum and Solana blockchains, two of the largest blockchain networks in DeFi by total value locked. The new platform supports over 70 tokenized stocks directly on-chain, allowing traders to operate seamlessly across both networks.

The xStocks platform operates 24/5, providing a convenient and accessible solution for traders looking to invest in tokenized equities. The total on-chain transaction volume on xStocks has reached over $3.5 billion since its launch, with the majority of this growth occurring after Kraken's acquisition of Backed in December.