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xStocks Launches xPoints Rewards Program as Tokenized Stock Sector Surpasses $1 Billion

xStocks Launches xPoints Rewards Program as Tokenized Stock Sector Surpasses $1 Billion

According to xStocks’ official announcement, the Kraken-linked platform is using a rewards program to drive trading, liquidity, and DeFi activity as tokenized equities expand and attract traditional finance interest.

Fact Check
The claim is fully corroborated by a primary news report from CoinDesk (March 10, 2026), which details the launch of the xPoints program by xStocks and confirms the $1 billion milestone for the tokenized stock sector using RWA.xyz data.
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Summary

According to xStocks’ official announcement, the Kraken-affiliated tokenized equities platform launched the xPoints rewards program to reward traders, liquidity providers, and DeFi builders using its onchain stock tokens. The program tracks activity across supported venues and integrations, with future ecosystem benefits possible after the program ends, though no token launch has been officially announced. The update comes as tokenized equities exceed $1 billion in total value locked, xStocks reports more than $25 billion in transaction volume over eight months since launch, and Nasdaq has disclosed plans to work with Kraken to distribute tokenized public stocks outside the U.S.

Terms & Concepts
  • Tokenized equities: Traditional shares represented as blockchain-based tokens, allowing trading and transfer through crypto infrastructure rather than conventional market rails.
  • DeFi: Decentralized finance refers to blockchain-based financial applications such as trading and liquidity provision that operate without traditional intermediaries.
  • Total value locked: A metric showing the amount of capital deposited in a sector or protocol, often used to measure adoption and activity in crypto markets.