Technical & functional architecture

Collection item

Kraken and Backed selected Solana as the initial blockchain for xStocks based on its unmatched performance, low latency and thriving global developer ecosystem

xStock tokens, to be offered by Kraken, will reportedly be backed by shares of the underlying securities, with new shares acquired as needed by Backed Finance, and redeemable for their cash value

Kraken's tokenised stocks will be issued on Solana as SPL tokens, a standard similar to Ethereum’s ERC-20, and are reportedly expected to be tradable at any time

Mark Greenberg, global head of consumer at Kraken, said xStocks are part of a strategy to “reimagine equities investing” and may eventually trade on other crypto exchanges and be transferable to personal digital wallets

Data source type

Collection data source

Filter

{"where":{"AND":[{"attribute":"Jfmby78N4BCseZinBmdVov","is":"KeG9eTM8NUYFMAjnsvF4Dg"}]}}