According to Odaily Planet Daily, Kraken stated that since its launch last year, its tokenized stock product xStocks has accumulated a total trading volume exceeding $25 billion, with approximately $3.5 billion coming from on-chain transactions on chains such as Solana, Ethereum, and TON. Currently, there are over 80,000 unique addresses holding xStocks on-chain, with assets under management (AUM) approaching $225 million. Kraken emphasizes that each xStock is fully backed 1:1 by corresponding stocks or ETF assets held by a licensed custodian. Kraken is currently pursuing a deal to acquire Backed, the issuer of xStocks.
Kraken: Tokenized Stocks xStocks' Cumulative Trading Volume Surpasses $25 Billion
2026-02-19 22:22:48
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