Kraken and Trust Wallet Partner to Expand xStocks Access
Kraken and Backed have teamed up with Trust Wallet to make xStocks more accessible. This partnership lets Trust Wallet users withdraw xStocks directly from exchanges into their wallets. It aims to reach over 200 million users worldwide.
What This Means for Trust Wallet Users
- Users can buy 60 different xStocks using local fiat currencies.
- They can deposit and withdraw xStocks through major exchanges.
- xStocks are available across multiple blockchains, including Ethereum, Solana, BNB Chain, and TRON.
Trust Wallet CEO Eowyn Chen said, “This collaboration brings tokenized equities directly into the hands of millions, no brokerage account needed.”
xStocks Trading Volume and Market Impact
Kraken launched xStocks in June. Since then, xStocks have reached a combined trading volume of $4 billion on centralized and decentralized exchanges.
The platform offers tokenized stocks of popular companies like Tesla (TSLAx), Apple (AAPLx), and GameStop (GMEx). Kraken co-CEO Arjun Sethi said, “We’re accelerating the move to a future where global markets operate without borders, without barriers, and with the same openness and accessibility as the internet itself.”
This partnership reflects growing interest in tokenized stocks. Nasdaq and Coinbase have also shown plans to offer tokenized securities, signaling wider adoption of real-world asset tokenization.
