Kraken has expanded its services in Europe by launching trading for more than 7,000 U.S.-listed stocks across the European Economic Area (EEA). Eligible customers can now buy and sell traditional U.S. shares alongside over 700 tokenized xStocks and more than 600 cryptocurrencies, all from a single account.
The rollout began quietly in countries including Germany, France, and the Netherlands before becoming available across the wider EEA. The move marks a major step in Kraken’s push beyond crypto, bringing traditional stock investing and digital assets together on one platform.
According to Kraken, users can choose between purchasing actual U.S. stocks or using xStocks, which are blockchain-based tokens linked to shares and exchange-traded funds (ETFs). Both options provide exposure to the same companies without requiring customers to move funds between separate platforms.
The stock trading service is offered through Payward Europe Digital Solutions, Kraken’s Cyprus-based investment firm, which is authorized under the European Union’s MiFID II regulatory framework.
Kraken says stock trades will be commission-free, although customers must accept additional terms and meet eligibility requirements before gaining access to the feature.
The company’s xStocks product has grown rapidly since launching in June 2025. Kraken reports that xStocks have now generated more than $38 billion in transaction volume, highlighting growing interest in tokenized versions of traditional financial assets.
Kraken has also expanded the usefulness of xStocks beyond simple trading. Some tokenized stocks can now be used as collateral for futures and margin positions on Kraken Pro, giving investors additional ways to use their holdings within the platform.
The expansion comes at a time when tokenized equities are becoming a larger part of the real-world asset (RWA) sector. Industry data suggests tokenized stocks now account for roughly 15% of the RWA market, a significant increase from the beginning of 2026.
Kraken is also working to broaden its tokenized equity offerings beyond U.S. markets. Through a partnership with GTN, the company plans to add tokenized shares from Hong Kong, the United Kingdom, Europe, South Korea, and other regions, subject to regulatory approvals.
Another recent development is the introduction of shareholder voting rights for eligible xStocks holders. More than 125,000 investors can now participate in corporate voting through the platform, a feature that was not available when xStocks first launched.
The latest launch gives European investors multiple ways to access U.S. equities—through traditional stock ownership or tokenized blockchain-based alternatives—while keeping everything within a single regulated account. It also reflects a broader trend of traditional finance and digital assets becoming increasingly connected on major trading platforms.
