While Kraken said that the partnership opens up stocks for 200 million users, others said that geographical restrictions exist. Crypto exchange Kraken, the main distribution partner for Backed’s tokenized equities product xStocks, has partnered with Trust Wallet, one of the world’s largest self-custody crypto wallets, to extend the reach of tokenized equities to users. In a Friday announcement, Kraken said it is “bringing interoperable tokenized equities to over 200 million users across the world” by extending xStocks to Trust Wallet users, who will be able to trade tokenized equities by Backed, a provider of collateralized onchain assets. The integration will allow Trust Wallet users to buy and hold 60 different xStocks using a variety of local fiat currencies. It would also enable deposits and withdrawals across multiple chains, including Solana, BNB Chain, Tron and Ethereum. Read more
Trust Wallet’s “zero-fee” crypto purchases through Revolut arrive weeks after the fintech unicorn hit a $75 billion valuation in a private share sale. Update (Dec. 11, 2025, 5:00 pm UTC): This article has been updated to add a statement by Trust Wallet CEO Eowyn Chen. Trust Wallet, the self-custodial crypto wallet owned by Binance co-founder Changpeng “CZ” Zhao, has partnered with European fintech unicorn and digital banking giant Revolut to introduce a new way to purchase crypto assets on its platform. Trust Wallet users can now buy Bitcoin (BTC), Ether (ETH) and Solana (SOL) with Revolut through a direct integration, the company announced on Thursday. Read more