xStocks Surpasses $10 Billion In Transaction Volume

xStocks, a platform for tokenized U.S. equities developed by Kraken and Backed, has surpassed $10 billion in combined centralized and decentralized exchange transaction volume, including nearly $2 billion in onchain activity. This milestone, achieved in just 135 days since public launch, reflects a growing global demand for open and interoperable financial assets.

xStocks allows users in eligible regions to gain exposure to U.S. stocks and ETFs, hold assets on platforms like Kraken or self-custodial wallets, and participate in DeFi opportunities. Initially launched on Solana and Ethereum, the platform is expanding with integrations across various blockchains and platforms.

The ecosystem is rapidly growing, supported by partners including Alchemy Pay, Bybit, Gate.io, and several wallet providers. This network connects traditional equities to the open internet economy, facilitating seamless trading and transfer of tokenized stocks.

“xStocks have bridged the worlds of crypto and traditional investing,” said Mark Greenberg, Kraken Global Head of Consumer. The platform’s structure ensures each xStock is fully backed 1:1 by its underlying asset, held by a licensed custodian.

To date, over 45,000 unique onchain holders have joined the xStocks ecosystem, with over $135 million in aggregated AUM. This momentum represents a significant advancement for real-world assets (RWA) onchain.

xStocks are provided by Payward Europe Digital Solutions (CY) Limited (“PEDSL”), regulated by CySEC, licence no 342/17, for investors in the European Economic Area. xStocks are issued by Backed Assets (JE) Limited and offered to eligible Kraken customers via Payward Digital Solutions Ltd. (“PDSL”), licensed by the Bermuda Monetary Authority. Trading xStocks involves significant risks and is not available in the U.S. or to U.S. persons; geo restrictions apply. Refer to kraken.com/legal/xstocks and backed.fi/legal-documentation for more details.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.