Kraken has announced plans to offer overseas customers the ability to trade U.S.-listed stocks on its platform. This initiative, facilitated through a partnership with Backed, involves the introduction of xStocks, which represent traditional equities on the Solana blockchain as SPL tokens. The offering will include over 50 U.S.-listed stocks and exchange-traded funds, enabling global investors to access U.S. equities more efficiently, breaking existing barriers related to cost and speed. Kraken aims to expand this model beyond Solana to other blockchains as well. The new trading option is part of Kraken's broader strategy to enhance access to traditional stocks, aiming to engage users in regions like the UK, Europe, and Australia after previously launching capabilities for U.S.-based customers. This pivot into tokenized securities reflects a growing trend where major financial players explore ways to leverage blockchain technology for improving market efficiency and lowering costs for investors.

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