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, or Australia at this time.
xStocks lets you trade the top U.S. stocks and ETFs through tokenized certificates, tracking the market price of real-world stocks and ETFs. Each xStock is backed 1:1 by the underlying stock or ETF and issued onchain across 10+ supported blockchains, including Solana, Ethereum and BNB Chain.
Kraken offers access to 1,000+ xStocks, including names like Tesla (TSLAx), Apple (AAPLx), SpaceX (SPCXx), and GameStop (GMEx).
IPO access lets you request tokenized shares of a company before it lists, at the IPO price plus a fee, delivered as xStocks backed 1:1 by the real shares. Your funds are reserved, not charged, and you can cancel any time before requests close. Allocation is not guaranteed, is not first-come, first-served, and is decided by the IPO underwriters based on demand. High demand may result in a full, partial, or no allocation, and any unfilled amount is returned to your Kraken balance. Availability varies by region.
It depends on where you are and which xStock it is. In most regions outside the EEA, you can buy and sell many xStocks 24/7, including weekends. In the EEA, xStocks are available 24/5, from Monday to Friday. Check the asset page in the Kraken app for the hours that apply to each xStock.
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 onchain wallet of your choice, across 10+ supported blockchains, for full control.
xStocks allow clients to purchase fractional shares of 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.
Each xStock is backed 1:1 by the real share it represents. When an xStock is created, the underlying share is bought on the stock market and held by a regulated custodian for as long as the xStock exists. Because every xStock is matched by a real share, its price follows the price of that share. During market hours, the xStock price moves with the live stock price. When the stock market is closed, the xStock may still be available on Kraken, and its price can move slightly away from the last market price until the market reopens. Dividends paid on the underlying share are reinvested automatically into your xStock.
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.
