Kraken’s Tokenized US Stocks xStocks Surpasses $5 Billion Trading Volume

Kraken reports xStocks tokenized US equities serving non-U.S. users now exceed $5 billion traded, with global reach to 160+ countries and $1 billion on-chain.

Summary

Kraken officially announced that its xStocks platform, offering tokenized US equities to non-U.S. users, has surpassed $5 billion in cumulative trading volume and $1 billion in on-chain transactions. The service operates in more than 160 countries and has over 37,000 unique holders. Kraken collaborates with industry partners including Bybit, Phantom, OKX Wallet, and Telegram to expand access and utility for the product.

Terms & Concepts
  • Tokenized Stocks: Digital tokens that represent shares of traditional stocks, allowing trading on blockchain platforms.
  • On-Chain Transactions: Transactions recorded directly on a blockchain, ensuring transparency, immutability, and security.
  • xStocks: Kraken’s tokenized US stocks product designed to offer equity exposure to non-US users via blockchain.