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Kraken Partners with Backed to Launch xStocks on Ethereum

Summary: According to CoinDesk, Kraken and Swiss institution Backed have announced the launch of their tokenized stock product xStocks on the Ethereum mainnet. Users can now access xStocks on the Ethereum chain in ERC-20 token form and interact with DeFi protocols. xStocks was previously available on Solana, BNB Chain, and TRON, with a total trading volume ...

According to CoinDesk, Kraken and Swiss institution Backed have announced the launch of their tokenized stock product xStocks on the Ethereum mainnet. Users can now access xStocks on the Ethereum chain in ERC-20 token form and interact with DeFi protocols. xStocks was previously available on Solana, BNB Chain, and TRON, with a total trading volume of $3.5 billion.

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Link: Kraken Partners with Backed to Launch xStocks on Ethereum [Copy]

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