Tokenized xStocks surpass $25 billion in total transaction volume: Kraken
Kraken's tokenized xStocks have exceeded $25 billion in total transaction volume since launching last year.Summary
Tokenized xStocks, facilitated by Kraken, have achieved over $25 billion in total transaction volume since their introduction last year, including $3.5 billion in on-chain activity across Solana, Ethereum, and TON. This volume solidifies xStocks' position as the leading global framework for tokenized equities. Kraken is also in the process of acquiring Backed, the issuer behind xStocks. The platform currently boasts over 80,000 unique on-chain holders and nearly $225 million in assets under management, with each xStock fully backed one-to-one by an underlying stock or ETF held by a custodian. Data indicates xStocks on Solana account for the largest market share among tokenized stocks. Val Gui, General Manager for xStocks, stated that this milestone shows global investor readiness for open, permissionless markets built for the internet age.
(Source：The Block)