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Kraken has officially launched xStocks, an on-chain yield vault for tokenized stocks and ETFs. The offering covers tokenized versions of Nvidia (NVDAx), SPY (SPYx), and QQQ (QQQx).
Users can supply those assets to Solana-based DeFi lending markets such as Kamino to earn interest in the form of tokenized stocks. Withdrawals are processed within three days, and asset manager Sentora handles risk management. The service is available to users in some jurisdictions, including the European Economic Area, and excludes certain regulated markets such as the U.S. and the UK.