Trust Wallet is handing its users the keys to a new asset class. Its integration with the xStocks Alliance seamlessly places tokenized U.S. equities alongside crypto and DeFi assets, bypassing traditional brokerage hurdles for millions.
Summary
- Trust Wallet integrates with the xStocks Alliance, bringing tokenized U.S. equities like Apple and Tesla to 200 million users.
- Users can buy, hold, and self-custody shares alongside crypto across Ethereum, Solana, and BNB Chain.
- Kraken will serve as a key liquidity hub, ensuring access to deep markets.
According to an announcement on September 19, the self-custody platform is integrating with the xStocks Alliance, a consortium led by Kraken and issuer Backed Finance.
The integration will pipe fully backed tokenized versions of U.S. equities, like Apple and Tesla, directly into the wallet interface. For Trust Wallet’s user base, it means the ability to buy, hold, and self-custody these assets alongside their crypto, using local fiat currencies and across multiple blockchains, including Ethereum, Solana, and BNB Chain.
A step toward mainstream tokenization
Per the announcement, Trust Wallet users will be able to deposit and withdraw their xStocks assets to and from major crypto exchanges, with Kraken named as a primary liquidity hub.
This fluid movement across centralized and decentralized environments is a critical feature, mitigating the risk of assets being siloed and ensuring users can access deep markets for their tokenized equities.
As part of the integration, Backed Finance will continue issuing all xStocks as fully collateralized tokens on-chain. This ensures a strict 1:1 backing for every tokenized share, so the digital asset in a user’s self-custody wallet has a real-world asset held in reserve.
The companies involved frame this as more than an incremental feature. For Kraken co-CEO Arjun Sethi, embedding tokenized stocks inside a mainstream self-custody wallet helps push the asset class closer to real-world adoption, making traditional equities accessible without relying on brokers or custodians.
Trust Wallet CEO Eowyn Chen echoed that view, saying, “By integrating xStocks, we’re bridging the gap between Web3 and traditional markets in a way that’s intuitive, borderless and user-first. This collaboration brings tokenized equities directly into the hands of millions, no brokerage account needed.”
Since launching in June, xStocks has amassed over $4 billion in combined trading volume across centralized and decentralized exchanges, underscoring strong demand for transparent and accessible pathways to U.S. capital markets.
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