Kraken Expands xStocks Tokenized Equities Across Chains
Kraken’s xStocks tokenized equities, initially launched on Solana for fast, low-cost trading, will expand to multiple blockchains including its Ethereum Layer-2 network Ink. Led by Kraken, the xStocks Alliance will set unified standards to prevent liquidity fragmentation. Meanwhile, Robinhood is building an Ethereum-compatible Layer-2 solution via Arbitrum Stylus to support tokenized stocks and ETFs in Europe. By promoting multi-chain interoperability, both firms aim to consolidate liquidity, cut trading costs and broaden access to tokenized equities. This wave of innovation offers traders fractional ownership, instant settlements and more robust liquidity pools across chains.
Bullish
The expansion of xStocks tokenized equities onto multiple chains and the launch of Robinhood’s Layer-2 network signal growing institutional support and technological maturity in the tokenized stocks market. Multi-chain interoperability will enhance liquidity, reduce costs and attract new traders, boosting demand for related tokens. In the short term, traders can expect increased trading volumes and tighter spreads on tokenized equities. Long term, standardized protocols and broader access will reinforce market confidence and foster sustainable growth in tokenized asset trading.