Kraken has announced a partnership with Trust Wallet to integrate xStocks, its tokenized equities product, into the self-custody wallet. The integration will allow Trust Wallet users to buy 60 different xStocks using multiple fiat currencies and transfer them across blockchains including Solana, BNB Chain, TRON, and Ethereum.
In parallel, other exchanges and brokers are advancing tokenized equities: Coinbase is seeking U.S. Securities and Exchange Commission approval to offer blockchain-based trading of traditional stocks, while Robinhood has launched tokenized versions of major U.S. equities for European users under EU regulatory oversight.
xStocks Now Accessible via Trust Wallet Across Blockchains
Backed will continue issuing xStocks as fully collateralized tokens, maintaining a 1:1 backing for each equity. Since their launch in June, xStocks have reached over $4 billion in combined exchange volume. The integration with Trust Wallet aims to broaden access to U.S. capital markets through tokenization.
Digital assets meet tradfi in London at the fmls25
- Kraken Adds Support for Circle’s USDC and EURC Stablecoins to Increase Liquidity
- Kraken Turns Crypto Trading Into Sports-Style Bet With New “Perps” Contracts
- Kraken’s Breakout Bet Could Normalize Prop Trading Across the Crypto Industry
“Bringing xStocks to Trust Wallet places open and interoperable tokenized equities directly into the hands of millions, alongside the crypto, stablecoins and DeFi assets they already use every day,” Arjun Sethi, Kraken co-CEO, commented.
Kraken, Circle Enable EU-Wide USDC and EURC Access
Kraken has partnered with a Circle affiliate to expand access to USDC and EURC on its platform, aiming to support on-chain financial applications. The collaboration seeks to increase stablecoin liquidity, reduce conversion fees, and provide euro-denominated EURC to users.
Demand for stablecoins has grown steadily, aided by regulatory clarity and market confidence. Circle, registered as an electronic money institution in France, becomes the first global stablecoin issuer to comply with EU MiCA rules, offering minting and redemption services across the EU.