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Kraken-Backed xStocks Debuts xChange, a Unified On-Chain Execution Layer for Tokenized Equities

Pricing draws from public markets to connect traditional liquidity with blockchain settlement for tighter execution.

Overview

  • Now live on Ethereum and Solana, the platform enables trading of more than 70 tokenized stocks with 24/5 availability.
  • Atomic settlement executes orders fully at the quoted price or not at all, eliminating partial fills.
  • Each tokenized equity is backed 1:1 by underlying shares held in custody, providing direct exposure to real stocks.
  • xStocks reports about $3.5 billion in on-chain volume, $25 billion in total volume, roughly $225 million in on-chain assets, and over 80,000 holders since June 2025.
  • Company leadership says the design makes tokenized equities programmable for DeFi applications, linking public market pricing to on-chain settlement.