Kraken to Leverage Solana for Tokenized US Stock Trading Outside US
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Kraken will soon enable non-US traders to buy and sell tokenized US stocks, utilizing Solana’s blockchain for its speed and scalability.
Through a partnership with Backed, the exchange will mint stock-backed tokens, offering investors exposure to traditional equities via crypto infrastructure.
“Blockchain’s transparency and decentralization enable faster innovation,” Kraken’s Arjun Sethi remarked at Solana’s Accelerate conference.
The initiative reflects Kraken’s broader ambition to merge crypto and traditional finance, potentially competing with brokerages rather than just crypto exchanges.
This follows Kraken’s recent expansion into stock and ETF trading for US users in select states.
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