Kraken Launches xStocks, a Tokenized Stocks & ETFs DeFi Yield Vault

Global cryptocurrency exchange Kraken has officially launched xStocks, an on-chain yield vault focused on tokenized stocks and ETFs. The supported assets include tokenized versions of NVIDIA (NVDAx), SPY (SPYx), and QQQ (QQQx). Users can supply these assets to Solana-based DeFi lending markets like Kamino to earn interest in the form of tokenized stock yields. Withdrawals are processed within three days, with risk management handled by asset manager Sentora. The service is available to users in the European Economic Area (EEA) and other regions, excluding certain regulated countries such as the U.S. and U.K.