According to online reports, crypto technology platform Kraken announced a strategic partnership with tokenized stock issuer Backed and the Solana Foundation to jointly launch xStocks, which aims to provide tokenized U.S. stocks and ETF investment opportunities to global investors. xStocks will first deploy SPL-based digital forms of U.S. listed stocks and ETFs on the Solana blockchain, and the first tokenized assets will be made available to qualified customers in selected non-U.S. markets through the Kraken application. Mark Greenberg, Kraken's global consumer director, said: "We are rethinking stock investing to provide an open, instant and borderless investment experience through blockchain technology."