In a bid to attract global investors, Kraken will soon provide tokenized US stock trading for non-US customers, partnering with Backed for issuance on Solana.
The move highlights Kraken’s push into traditional assets, leveraging blockchain efficiency. “Crypto’s open nature allows rapid adaptation,” said co-CEO Arjun Sethi.
Industry observers see this as a play to rival platforms like Robinhood, offering diversified investment options beyond crypto.
Earlier this year, Kraken began offering stocks and ETFs to US users in several states, signaling its broader financial ambitions.
