Backed is proud to announce xStocks:

A new line of tokenized stocks and ETFs set to launch soon on Kraken and integrated with Solana’s best DeFi apps.
For decades, accessing U.S. equities has meant navigating borders, brokers, and high fees–a tough ordeal for non-US users. xStocks eliminates these barriers. No gatekeepers, no delays, no excuses.

Kraken opens the gates of traditional finance to millions of users by listing tokenized stocks with zero fees and deep liquidity. xStocks can be sent directly from Kraken to the Solana network, and used in DeFi apps.

xStocks are regulated and DeFi-ready. Hold them in your crypto wallet, or trade anytime on the blockchain and 24/5 through Kraken. Buy with crypto, stablecoins, or fiat. This is just the beginning. xStocks are built for composability: use them in lending, borrowing, or other crypto apps. They’re yours.

Follow @xstocksfi for updates