US crypto exchange Kraken has introduced tokenized securities in Europe, launching xStocks for eligible investors. The initial rollout covered most countries except the US, UK, Canada, Australia, and EU. Kraken users in Europe gain access to extended trading hours and can freely move assets across platforms or self-custody. Source: Kraken

Kraken’s expansion of xStocks in Europe aims to make gaining exposure to US markets easier. Mark Greenberg, Kraken’s global head of consumer, stated that removing barriers to US markets is a key focus. This move is part of Kraken’s growth strategy and market presence in the EU. Source: Kraken

Kraken’s xStocks expansion in Europe aligns with the trend of tokenized securities in the region. Rival exchange Gemini and Robinhood also offer similar products. Nasdaq recently filed with US regulators to enter the tokenized securities sector, opposing “siloed trading venues.” Greenberg highlighted the importance of permissionless, interoperable platforms like xStocks in capital markets. Source: Cointelegraph

Read more at Cointelegraph: Kraken Launches Tokenized Stocks By Backed In Europe