Kraken introduces tokenized equities with up to 1% rewards, allowing users to earn yield while maintaining exposure to traditional stocks in a new onchain investing model

Kraken has expanded its tokenized equities product line by introducing an opt‑in rewards program for its xStocks, allowing eligible customers to earn up to 1% annual rewards on selected tokenized U.S. stocks and ETFs while retaining full price exposure to the underlying traditional assets. The rewards are paid in the same xStock token, increasing the holder’s position over time without changing the asset’s underlying economic exposure. This program is positioned as a new onchain investing model, combining features of traditional equities (price exposure to stocks and ETFs) with crypto‑style yield mechanisms. xStocks are tokenized representations of U.S. equities and ETFs issued on Solana, each backed 1:1 by the corresponding underlying security and issued by Backed Assets (JE) Limited. Kraken offers trading, custody, and withdrawals for these tokens, which can be moved to self‑hosted wallets and traded onchain 24/7, although the tokens do not convey shareholder rights such as voting. The new Opt‑In Rewards program initially supports tokens including CRCLx, GLDx, GOOGLx, METAx, MSFTx, MSTRx, NVDAx, QQQx, SPYx, and TSLAx, with rewards distributed weekly to users in over 100 supported jurisdictions, excluding regions such as the U.S., EEA and certain other restricted markets. Kraken frames this as a way to incentivize users to keep xStocks on its platform and support the growth of the tokenized equities ecosystem, reflecting a broader industry trend of integrating traditional financial instruments into blockchain‑based markets.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Kraken launches opt-in rewards program for xStocks tokenized ... (thedefiant.io)
• Introducing xStocks Opt-In Rewards: earn up to 1 ... - Kraken Blog (blog.kraken.com)
• Tokenized Stocks and ETFs on Kraken (kraken.com)
• xStocks - Tokenized Equities (xstocks.fi)
• Getting started with xStocks - Kraken Support (support.kraken.com)

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