We’re excited to announce the next major step in the growth of xStocks — the industry’s gold standard for tokenized equities. In partnership with Backed, Kraken is collaborating with Trust Wallet to integrate xStocks directly into one of the most widely used self-custody crypto wallets, bringing interoperable tokenized equities to over 200 million users across the world.
Seamless access through Trust Wallet
Trust Wallet’s intuitive, multi-chain design and global reach make it a natural platform for xStocks to integrate with. Soon, Trust Wallet users will be able to seamlessly buy xStocks using a range of fiat local currencies. In addition, Trust Wallet users will be able to deposit and withdraw xStocks from popular crypto exchanges, including Kraken, across a wide range of blockchains including Solana, BNB Chain, TRON and Ethereum.
As part of the integration, Backed will continue to issue xStocks as fully collateralized, on-chain tokens, maintaining strict 1:1 backing for each tokenized equity that a Trust Wallet user purchases. Trust Wallet’s user-friendly interface and expansive ecosystem support will ensure that tokenized equities are easily accessible for both retail investors and builders looking to incorporate them into DeFi and Web3 applications.
Driving mass adoption of tokenized equities
Arjun Sethi, Kraken co-CEO: “For xStocks to achieve true mass adoption, seamless integration with the world’s most popular self-custody wallets is vital. Bringing xStocks to Trust Wallet places open and interoperable tokenized equities directly into the hands of millions, alongside the crypto, stablecoins and DeFi assets they already use every day.”
“This is more than integration — it’s a paradigm shift. We’re accelerating the move to a future where global markets operate without borders, without barriers, and with the same openness and accessibility as the internet itself.”
Eowyn Chen, Trust Wallet CEO: “Trust Wallet has always been about unlocking access — not just to crypto, but to the future of global finance. By integrating xStocks, we’re bridging the gap between Web3 and traditional markets in a way that’s intuitive, borderless and user-first. This collaboration brings tokenized equities directly into the hands of millions, no brokerage account needed.”
Adam Levi, Backed co-founder: “This is a monumental step in realizing our vision for universal access. As the standard for tokenized equities, xStocks should be available to individuals across whatever blockchain they choose, and having over 200 million users being able to access tokenized equities through Trust Wallet reaffirms its role as a public good.”
Since launching in late June, xStocks have already surpassed $4 billion in combined CEX and DEX volume, underscoring strong market demand for this new asset class. Designed to meet users where they are, xStocks offer a transparent, open and borderless pathway to gain exposure to U.S. capital markets through tokenization.
What’s next for xStocks
Trust Wallet’s integration is the latest milestone in xStocks’ rapid expansion beyond the Kraken platform. In recent weeks, xStocks have added support for users of BNB Chain, TRON and Ethereum, while we have also launched xStocks for our millions of EU-based clients — unlocking a new wave of demand for this emerging asset class.
In the weeks ahead, we’ll continue working with partners to bring xStocks to more high-performance blockchains and leading consumer applications, ensuring the gold standard for tokenized equities becomes more accessible to a wider community of users, communities, and markets across the world.
Our blockchain-agnostic, multi-platform approach reflects a core belief: tokenized equities should be open, permissionless, borderless and accessible across every ecosystem. We’ll keep driving adoption until we achieve this.
xStocks are not available in the U.S. or to U.S. persons. Geo restrictions apply.
