Well, hold onto your wallets, folks! At the Solana Accelerate conference, Kraken just dropped a bombshell that’ll make your stockbroker weep! Eligible Kraken users in select non-U.S. markets can now dive into the wild world of U.S.-listed stocks and ETFs—right from the comfort of their Kraken app! Who needs pants when you can trade stocks in your pajamas? 😂
Backed’s xStocks Go Live on Solana, Kraken as First Exchange Partner
Introducing xStocks, the new kid on the block from Backed, ready to deliver tokenized equities to crypto platforms faster than you can say “buy low, sell high!” And guess what? Kraken is the first partner to roll out this shiny new toy! They picked Solana for its high throughput, low fees, and performance that would make a cheetah jealous. With Solana’s infrastructure, you can trade tokenized assets globally at lightning speed—because who has time to wait? ⏱️💨
“These assets represent a critical step in reshaping how the world invests,” said Mark Greenberg, Kraken’s Global Head of Consumer. Translation: “We’re giving people fast, borderless access to traditional equities like never before.” So, get ready to invest like a boss! 💼
Composable Equities: A New Era of DeFi Meets Wall Street
According to Backed co-founder Adam Levi, the goal is to “bridge traditional finance and DeFi with infrastructure that enables 24/7, composable market access.” In other words, they’re making it easier for you to throw your money at things while you sleep! 💤💸 Kraken’s participation is like a big neon sign saying, “Hey, public blockchain technology and regulated financial products can totally be besties!”
Even Solana Foundation’s Amelia Daly is on board, calling it “a powerful demonstration of how public chains can drive the future of permissionless finance.” Sounds fancy, right? But really, it’s just a way to say, “We’re making money moves!” 💃
Kraken’s latest move follows its recent launch of stock and ETF trading for U.S. clients, and they’re not stopping there! They plan to expand tokenized equity offerings across Europe, Australia, and even more blockchains. So, buckle up, because the future of investing is about to get a whole lot crazier! 🎢
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2025-05-26 18:06