European indexes closed mixed: DAX flat, FTSE -0.18%, CAC +0.02%, STOXX +0.07%, IBEX flat, FTSE MIB +0.30%

European indexes closed mixed: DAX flat, FTSE -0.18%, CAC +0.02%, STOXX +0.07%, IBEX flat, FTSE MIB +0.30%

European indexes closed mixed on September 12, 2025, with the DAX flat, FTSE -0.18%, CAC +0.02%, STOXX +0.07%, IBEX flat, and FTSE MIB +0.30%. Meanwhile, crypto exchange Kraken has made a significant move by expanding its tokenized stock service, xStocks, to the European Union .

Kraken's expansion into the EU market is part of a broader corporate strategy aimed at diversifying its offerings and preparing for a potential 2026 IPO. The company seeks $500 million in new funding to support this growth . The xStocks service, which allows clients to trade digital versions of popular equities like Tesla and Nvidia, is now available to eligible clients in the region .

The move comes as Kraken enters a competitive market where rivals like Gemini also offer tokenized stocks. Additionally, traditional finance giants are showing interest in this sector, with Nasdaq’s tokenized securities platform SEC proposal indicating a shift in regulatory attitudes .

Powered by Swiss firm Backed, xStocks offers 24/5 trading, removing friction from traditional market hours and settlement delays. After launching in June to over 140 countries outside the US and EU, the service has generated over $3.84 billion in volume .

However, the tokenized stock sector faces regulatory scrutiny. The World Federation of Exchanges has urged regulators to take a harder stance, arguing that such products can lack key shareholder rights like voting . Despite these challenges, Kraken's move taps into the growing trend of tokenizing real-world assets, a market projected to be worth trillions by the 2030s .

In other financial news, RBC Capital has raised its price target on IBEX Ltd. (NASDAQ:IBEX) to $39.00 from $31.00, citing strong revenue growth and management's focus on sustainable growth through existing clients . The company's shares have delivered an impressive 82% return over the past year, and its digital and omni-channel delivery services showed particularly strong performance .

IBEX Ltd. reported strong financial results for the fourth quarter of 2025, exceeding market expectations with an earnings per share (EPS) of $0.87 and revenue of $147.1 million . Despite a contraction in adjusted EBITDA margins, the company's robust performance highlights its ability to deliver strong financial outcomes.

Amid recent concerns about global growth and a stronger euro, European markets have shown mixed performance. Investors often look for opportunities in smaller or newer companies that might offer potential for growth. Top 10 Penny Stocks In Europe include Aiforia Technologies Oyj, Nanoform Finland Oyj, and One More Level S.A. .

Aiforia Technologies Oyj, with a market cap of €92.29 million, offers AI-based image analysis software for clinical, preclinical, and academic laboratories globally. Despite being unprofitable, the company has reduced its debt significantly and secured strategic alliances to support its growth ambitions .

Nanoform Finland Oyj, with a market cap of €75.39 million, provides nanotechnology and drug particle engineering services to the pharma and biotech industries. The company recently secured a €5 million R&D loan to advance its nanoapalutamide clinical development, demonstrating strategic financial management .

One More Level S.A., a Polish gaming company with a market cap of PLN143.83 million, has faced financial challenges but remains debt-free and maintains short-term asset coverage. The company achieved profitability over the past five years with consistent earnings growth before encountering current setbacks .