Backed Announces xStocks: Coming Soon to Kraken and Solana

Thursday, May 22, 2025 – Backed Announces xStocks: Coming Soon to Kraken and Solana
Backed is thrilled to unveil xStocks, a new line of over 55 tokenized stocks and ETFs, set to launch soon on Kraken and integrated with Solana’s best DeFi apps. This milestone advances our mission to bridge traditional finance with DeFi, making global markets accessible to all.
xStocks will bring U.S. equities—household names like Apple, Tesla, Google, and Meta—onchain as tokenized assets. By eliminating borders, brokers, and high fees, xStocks empower users worldwide to build wealth and access opportunities in a seamless, blockchain-native format.

What does this mean for DeFi users?
The upcoming launch of xStocks on Kraken and Solana unlocks a range of possibilities for retail and institutional investors:

• Global Market Access: xStocks provide onchain exposure to leading U.S. stocks and ETFs, bypassing traditional brokerage barriers. Users can own tokenized assets representing real-world equities, held as collateral, with the freedom of the blockchain.
• DeFi Composability: xStocks are designed for integration into DeFi protocols. Use them as collateral in lending platforms, leverage them for borrowing, or incorporate them into other crypto applications to maximize capital efficiency.
• Flexible Trading: Trade 24/7 on Solana’s high-throughput, low-cost infrastructure or through Kraken with zero fees. Buy with crypto, stablecoins, or fiat. Hold tokens in your own wallet for full control.‍
• Instant Settlement: Transactions settle near-instantly, whether on Solana or via Kraken, removing the delays of legacy systems and enabling rapid portfolio adjustments.

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For example, a user holding xStocks can lend their tokenized Apple shares on a DeFi protocol to earn yield or borrow against them to access capital without selling. This flexibility, combined with Solana’s scalability, creates a dynamic ecosystem for financial innovation.

‍Real-World Use
xStocks go beyond trading. They enable portfolio diversification with U.S. market exposure, serve as collateral in lending protocols, and support the creation of new products. Users can engage with global markets while leveraging DeFi’s potential, all within a regulated framework.

A Step Toward Financial Inclusion
The upcoming xStocks launch marks a systemic leap toward mainstream adoption of tokenized securities. Kraken and Solana join us as we lead the charge, powering access, liquidity and enabling DeFi integrations, but our mission doesn’t stop there: xStocks should be available on any chain, and on every exchange.

Follow @xStocksFi on X/Twitter and keep up with the news.

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Not for distribution to any U.S. Person or any person or address in the United States. Backed does not sell its tokens to U.S. Persons or for the account or benefit of U.S. Persons. Tokens are not marketed, offered, or solicited in the U.S. or in any other prohibited jurisdiction.
Backed is not an affiliate of or licensed by BlackRock. Neither BlackRock nor S&P are responsible in any way for xStocks products.
For a full list of prohibited and restricted countries and review of legal documentation, please visit, https://www.assets.backed.fi/legal-documentation.