Tokenized Stocks Are Coming to Solid, with xStocks

TLDR: Solid is integrating xStocks to bring tokenized stocks, ETFs and other real-world assets into the app. Fractional exposure to tokenized versions of Tesla, Apple, the S&P 500 and more, priced in dollars, tradable far beyond market hours, held in your own non-custodial wallet. Coming soon. Join the waitlist to get access first.

Savings was only the start

Solid began with one job: make your dollars work harder than they do in a bank. Then came ETH and FUSE vaults, a Visa card that spends straight from your balance, and Rewards that pay you back in USDC.

The next step is the one most of you have been asking for. Not just a better place to hold dollars, but a place to put them to work across everything: stablecoins, staking, and now the stock market.

What xStocks brings

xStocks are tokenized stocks and ETFs issued by Backed, a regulated issuer that has been running tokenized asset programs since 2021. Each token is collateralized one to one by the underlying share, held with regulated custodians, and it already trades onchain across Ethereum, Solana and other networks, and even inside Telegram.

Here is what that means in practice:

• Real backing. Every xStock is collateralized one to one by the actual share or fund unit held in custody. This is not a synthetic or a derivative.
• Fractional. Buy a slice, not a whole share. A few dollars is enough to get exposure to a company trading in the hundreds.
• Extended hours. Most xStocks trade 24 hours a day, five days a week, with select assets available around the clock. Onchain settlement means no waiting for the opening bell.
• Yours. Assets sit in your Solid wallet, non-custodial, the same as your savings and your card balance. No broker holding them on your behalf.
• Dividends handled. Dividends and stock splits are reflected automatically through an onchain rebasing mechanism. Nothing for you to claim.

One page for everything you own

Bringing tokenized equities into Solid means the Savings tab is no longer the right shape. It is becoming Invest: one place that shows your yield balance, your positions, and every opportunity available to you, side by side.

Your USDC keeps earning while it sits there. Your ETH keeps staking. And when you want equity exposure instead, it is two taps away rather than a different app, a different login, and a three day settlement window.

What is next

Tokenized stocks and ETFs arrive in Solid soon, starting with a core lineup of well known equities and index funds and expanding from there. Broader real-world assets follow after that.

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Screens shown are previews and may differ from the final product. Terms apply. See the Kraken Terms of Service at kraken.com/legal/disclosures to determine which legal entity you face, based on where you live. xStocks are issued by Backed Assets (JE) Limited (a Jersey private limited company) and offered to eligible Kraken customers via Payward Digital Solutions Ltd. ("PDSL"), a company licensed to conduct digital asset business by the Bermuda Monetary Authority. xStocks represent economic exposure to the reference asset only and do not constitute ownership of, or entitlement to, the underlying shares, dividends or voting rights. xStocks are not nor will be registered with any local securities regulators. Not available in the U.S. or to U.S. persons. Geo restrictions apply. This is not investment advice; trading xStocks involves risk of loss, and the value of your xStocks may go up or down. Read Kraken's xStocks Risk Disclosure at kraken.com/legal/xstocks as well as the Base Prospectus and related Final Terms for xStocks at assets.backed.fi/legal-documentation to learn more.

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