Kraken, in collaboration with Swiss firm Backed, has launched its tokenized stock product, xStocks, on the Ethereum mainnet. This new offering allows users to deposit and withdraw xStocks using ERC-20 tokens, facilitating interoperability with decentralized finance (DeFi) protocols. Previously, xStocks had been launched on Solana, BNB Chain, and TRON, amassing a cumulative trading volume of $3.5 billion.
Kraken and Backed Launch xStocks on Ethereum Mainnet
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