Particle.news
Download on the App Store
4 ARTICLES
·
4w ago

Kraken’s xStocks Tops $25 Billion as Tokenized Equities Gain Ground

The milestone highlights growing traction for a 1:1‑backed model that links crypto rails to regulated markets.

Kraken’s xstocks hits $25 billion in tokenized trades in under eight months

Overview

  • xStocks reports more than $25 billion in aggregate transactions across minting, redemptions and secondary trading on CeFi and DeFi venues in under eight months.
  • Over $3.5 billion of activity has occurred onchain with roughly 80,000 unique onchain holders, according to company data.
  • xStocks holds a leading share by participation, with eight of the top eleven tokenized equities by unique holders and 68% of the top 25 by holder count.
  • The framework operates on Solana, Ethereum and TON, with assets tradable through exchanges, wallets and DeFi protocols, and listings live on Deutsche Börse’s 360X regulated venue.
  • Each instrument is described as fully collateralized 1:1 with the underlying stock or ETF in bankruptcy‑remote custody, as Kraken integrates issuance after acquiring Backed Finance and pursues a planned 2026 listing.