Kraken and Trust Wallet Democratize Equity Trading with Blockchain Integration

Kraken has partnered with Trust Wallet to integrate its tokenized equities product, xStocks, into the self-custody wallet, expanding access to 200 million users. This collaboration, announced in late 2025, aims to bridge traditional finance and blockchain by enabling seamless trading of tokenized U.S. equities across multiple blockchains, including Solana, BNB Chain, TRON, and Ethereum. Trust Wallet users can now purchase 60 different xStocks using fiat currencies and transfer them between exchanges, including Kraken, without relying on traditional brokerage accounts. Backed, the issuer of xStocks, continues to collateralize each token 1:1 with real shares, ensuring transparency and alignment with the underlying securities’ valueTrust Wallet Brings xStocks Access to 200M Users - BeInCrypto^[1].

The integration marks a significant step in Kraken’s strategy to democratize access to global markets. Arjun Sethi, Kraken co-CEO, emphasized that “seamless integration with popular self-custody wallets is vital for mass adoption,” positioning xStocks as a “paradigm shift” in finance. By eliminating barriers like settlement delays and geographic restrictions, xStocks enable 24/7 trading and instant settlements, features absent in traditional markets. Trust Wallet CEO Eowyn Chen highlighted the platform’s mission to “unlock access to the future of global finance,” while Backed co-founder Adam Levi described the move as a “monumental step” toward universal financial inclusionTrust Wallet joins xStocks Alliance, unlocking tokenized equities ...^[2].

Market demand for xStocks has grown rapidly since their June 2025 launch, with combined CEX and DEX volume surpassing $4 billion. The product’s appeal lies in its blockchain-agnostic design, which supports interoperability across ecosystems. Recent expansions include support for EU clients and high-performance blockchains, reflecting Kraken’s commitment to borderless access. Analysts note that xStocks’ success hinges on their ability to attract retail and institutional investors seeking diversification and liquidity in a rapidly evolving asset classKraken Integrates 60 xStocks with Trust Wallet for Tokenized …^[3].

Key operational details include xStocks’ structure as fully collateralized tokens issued by Backed Assets (JE) Limited, with redemption and issuance limited to business days. However, secondary market trading on platforms like Trust Wallet operates 24/7. The tokens, issued as Token2022 or ERC-20 standards, are redeemable for the underlying asset’s cash value but not the securities themselves. Dividends are reinvested into the collateral pool, creating overcollateralization and mitigating price volatilityFrequently Asked Questions | xStocks Docs^[4].

Regulatory and risk considerations remain critical. xStocks are not registered with local securities regulators and are unavailable in the U.S. or to U.S. persons. Kraken and Backed emphasize that xStocks involve significant risks, including market volatility and potential tax implications, urging investors to seek independent advice. The partnership with Trust Wallet, however, underscores growing institutional confidence in tokenized assets, particularly as competitors like Coinbase and Robinhood explore similar offeringsKraken’s Game-Changing Move: Integrates 60 xStocks with Trust …^[5].

The integration aligns with broader trends in tokenization, where blockchain technology is reshaping traditional finance. By enabling fractional ownership and cross-chain liquidity, xStocks challenge legacy systems’ inefficiencies. Early market data shows concentration in high-beta stocks like Tesla, with trading volume declining on weekends—a reflection of behavioral inertia from traditional markets. However, arbitrageurs have helped align xStock prices with Nasdaq benchmarks, signaling maturing market dynamicsHow has the xStocks tokenization stock market developed?^[6].

Kraken’s roadmap includes expanding xStocks to more blockchains and consumer applications, reinforcing its vision of open, permissionless financial infrastructure. The initiative reflects a strategic pivot toward Web3 integration, leveraging Trust Wallet’s global user base and Kraken’s exchange expertise. As tokenized equities gain traction, the collaboration could accelerate the adoption of decentralized finance (DeFi) tools, further blurring the lines between traditional and crypto-native marketsKraken’s xStocks is Poised to Revolutionize Global Access to U.S ...^[7].