Kraken has expanded its xStocks platform to the EU, allowing users to trade tokenized U.S. stocks and ETFs like Tesla and Apple through the blockchain, powered by Backed. The platform initially runs on Solana but plans to integrate BEP-20 and Ethereum networks. xStocks provides benefits such as 24/7 trading, fractional ownership, and DeFi integration. Since its launch in June 2025, xStocks has seen over $3.6 billion in cumulative trading volume, with Solana hosting a majority of the market share.