Kraken Brings US Stocks and Tokenized Equities to All EEA Countries

Kraken has expanded its US stock trading services to all European Economic Area (EEA) member states, offering over 7,000 US stocks and more than 700 xStocks in a single regulated account. This move follows the recent introduction of limited US stock trading in Germany, the Netherlands, and France.

The company claims to be the only crypto-native platform that combines traditional shares and tokenized versions represented on the blockchain within a single account. Customers who meet eligibility requirements can access this service through Kraken Pro's desktop and mobile versions, as well as the Kraken mobile app.

Payward Europe Digital Solutions (CY) Limited, authorized under the European Union's investment services regulation, MiFID II, will provide the service. This expansion coincides with a period where tokenized stocks have tripled in the real-world assets market to 15%, reaching a total value of approximately $2.8 billion.

The share of tokenized stocks is dominated by Ondo Finance, Binance bStocks, and Kraken xStocks, which together account for 77% of the market. Payward, Kraken's parent company, reported adjusted revenue of $508 million for the second quarter, with a total platform trading volume of $310 billion.