Kraken’s xStocks Surpass $25B, Leading Global Tokenized Equity Markets
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TLDR: xStocks surpass $25B in total transaction volume, reinforcing global market leadership. Over $3.5B in onchain activity involves 80,000 unique holders across blockchains. Eight of the top eleven tokenized equities by holders now use xStocks. xStocks support cross-chain, permissionless trading on Solana, Ethereum, and TON. Bitcoin and crypto markets are seeing growing integration with traditional finance as xStocks reaches a major milestone. Kraken’s tokenized equities platform has surpassed $25 billion in total transaction volume across centralized and decentralized exchanges. The milestone reflects strong adoption, with over 80,000 onchain holders and $3.5 billion in recorded onchain activity. This growth signals that tokenized equities are moving beyond experimental infrastructure toward real, scalable markets. xStocks Sets Benchmark for Tokenized Equity Adoption According to a blog post, xStocks now holds the largest market share in tokenized equities globally. Eight of the top eleven tokenized equities by unique holders are xStocks, while 68% of the top twenty-five stocks also use the framework. The platform integrates across multiple blockchains, including Solana, Ethereum, and TON, with additional networks planned. Users can access, trade, and transfer assets seamlessly through exchanges, wallets, and DeFi protocols. Each xStock remains fully backed 1:1 by the underlying stock or ETF. Custodians hold assets in bankruptcy-remote structures, ensuring ownership security. This model supports transparent trading and sustained liquidity across venues. The ecosystem now reports nearly $225 million in aggregate onchain assets under management. Integration extends to both centralized exchanges like Bybit and Gate.io and decentralized platforms. This enables thousands of retail investors, professional traders, and institutions to participate globally. xStocks are structured for cross-chain mobility and always-on markets, reinforcing interoperability standards. The framework’s expansion continues with new assets listed monthly and growing alliance participation. Transaction volume highlights the platform’s rapid adoption. Within under eight months, xStocks surpassed $25 billion across minting, redemption, and…
Filed under: News - @ February 20, 2026 7:23 am