TLDR
- Kraken & Trust Wallet unite to bring xStocks to 200M global users
- xStocks enter Trust Wallet, unlocking tokenized equity trading globally
- Kraken expands xStocks via Trust Wallet—200M users gain access
- Tokenized equities go mainstream with Kraken–Trust Wallet partnership
- Kraken boosts xStocks adoption through Trust Wallet integration
Kraken has partnered with Trust Wallet to broaden access to xStocks, extending availability to a potential user base of 200 million. This move integrates xStocks into Trust Wallet, enabling seamless trading of tokenized equities via self-custody wallets. The expansion builds on xStocks’ $4 billion volume since launch, reinforcing demand for blockchain-based equity access.
Kraken Brings xStocks to Trust Wallet’s Global User Base
Kraken partnered with Trust Wallet to integrate xStocks into its multi-chain wallet infrastructure. This allows users to access over 60 tokenized equities using local fiat currencies without a brokerage account. The partnership positions Kraken to expand xStocks adoption beyond traditional exchange boundaries.
Trust Wallet users can now interact with xStocks across Solana, Ethereum, BNB Chain, and TRON. These users can deposit, hold, and withdraw tokenized equities directly through their wallet. As a result, the partnership unlocks decentralized access to traditional market exposure.
While Kraken announced a global user potential of 200 million, xStocks remain unavailable in key jurisdictions. The United States, the United Kingdom, Canada, and Australia are excluded from the rollout. Regulatory limitations restrict access to ensure compliance with securities laws and KYC requirements.
Regulatory Boundaries Limit xStocks Rollout Despite Wide Reach
Despite the headline user base, not all 200 million Trust Wallet users can trade xStocks. Securities regulations vary across regions, requiring platforms to implement investor protections and identity verification. These constraints differentiate tokenized equities from unregulated crypto assets.
xStocks comply with legal standards by implementing 1:1 collateralization and regulatory restrictions. Kraken confirmed that xStocks are inaccessible to U.S. persons and other restricted regions. The platform continues to work within international legal frameworks to grow compliant access.
These limitations mean actual xStocks availability remains narrower than the announcement implies. Trust Wallet’s integration still opens tokenized equities to millions of eligible users worldwide, marking a step forward in cross-border market participation.
Tokenized Equities Signal a New Phase of Market Accessibility
xStocks offer exposure to U.S. equities through on-chain tokens backed by real-world assets. Kraken and Backed designed the product for blockchain-agnostic, permissionless trading. The integration reflects growing momentum toward digitized securities with global reach.
Kraken aims to make xStocks universally accessible through a multi-platform rollout strategy. The company continues expanding support for users across compliant EU jurisdictions. It also plans to launch additional blockchain integrations and consumer access points.
Backed issues each xStock as a fully collateralized asset, ensuring transparency and security. This model supports Kraken’s goal of establishing tokenized equities as an industry standard. With Trust Wallet integration, xStocks enter a new phase of decentralized growth.
