Kraken’s xStocks will not be available in the US, reportedly due to licensing constraints, as the firm works to comply with local regulations in each supported market

Quotes that support claims

Kraken said the rollout would start in the coming weeks, with the tokenized stocks going live in Europe, Latin America, Africa and Asia. Kraken’s U.S. customers won’t be able to trade them.

Kraken must navigate an international thicket of regulations to ensure its xStocks are offered legally in each country.