xStocks are only available to non-U.S. retail clients in select countries; visit support article here for who can access. Tokenized stocks are not accessible in the US, Canada, UK, EU, or Australia at this time.
xStocks are tokenized representations of real-world stocks and ETFs. Each xStock is backed 1:1 by the underlying equity and issued as an SPL token on-chain.
At launch, Kraken will offer 60 assets – 55 stocks and 5 ETFs – including names like Tesla (TSLAx), Apple (AAPLx), and GameStop (GMEx).
xStocks can be traded 24/5 on Kraken, providing access outside of traditional market hours. Weekend trading availability is in development. When withdrawn to a self-hosted wallet, xStocks can be traded 24/7 on-chain.
xStocks do not confer shareholder rights like voting. They offer price exposure to the underlying asset, but do not carry the same rights as the actual security itself.
Yes – xStock self-custody is supported by Kraken. You can withdraw your xStocks to a compatible on-chain wallet of your choice for full control.
xStocks allow clients to purchase fractional shares of the underlying the underlying assets with as little as a $1 USD investment.
There are no trading fees when purchasing xStocks with USDG or USD on Kraken. Standard Instant Buy trading fees apply when purchasing xStocks using other assets. To lock in a price, a spread may be included in the asset price for each transaction.
xStock prices are tied to the execution price of the underlying equity. Kraken updates prices based on the real-time price when buying or selling tokens.
Dividend payouts will be automatically reinvested into more of the same token. Rather than receiving a cash dividend, your xStocks balance will increase to reflect the dividend.
Kraken and Backed utilize secure custody, audited reserves, and blockchain infrastructure to ensure the safety and transparency of xStock holdings. Still, investing in xStocks involves an element of risk.
Read Kraken’s xStocks Risk Disclosure at kraken.com/legal/xstocks as well as the Base Prospectus and related Final Terms for xStocks at https://assets.backed.fi/legal-documentation to learn more.
