Kraken Eyes Global Market with Tokenized US Stocks for Non-US Traders

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Kraken is preparing to launch tokenized US stock trading for its non-US customers, signaling a strategic shift toward bridging traditional finance with crypto.

Partnering with Backed, Kraken will issue stock-backed tokens on Solana, chosen for its high performance and global adoption.

“Crypto’s transparency and open-source nature allow rapid innovation,” said Kraken co-CEO Arjun Sethi at Solana’s Accelerate event. “We’re evolving to meet market demands.”

Analysts suggest this positions Kraken closer to multi-asset platforms like Robinhood rather than pure crypto exchanges.

The move follows Kraken’s recent rollout of stock and ETF trading in several US states.