Altcoins News
By Jean-Luc Maracon
1 / 15
Kraken's xStocks just crushed expectations. The tokenized equity platform blew past $25 billion in total trading volume in less than eight months, a milestone that's got Wall…
2 / 15
The numbers are pretty wild when you break them down. On-chain activity alone pushed over $3.5 billion through the system, with more than 80,000 unique holders jumping in.
3 / 15
These tokenized stocks aren't stuck on one platform either. Traders can move them around centralized exchanges, DeFi protocols, self-custody wallets, and consumer apps.
4 / 15
Val Gui runs xStocks for Kraken. She said something interesting: "xStocks have fused crypto and traditional markets, transforming tokenized equities into global infrastructure.
5 / 15
Crypto exchanges jumped on board fast. Bybit and Gate.io both integrated xStocks, giving their users access to tokenized U.S. equities.
6 / 15
Kraken bought Backed Finance last year - that's the company that actually issues these xStocks tokens. Smart move, really.
7 / 15
But here's where things get really interesting.
8 / 15
Deutsche Börse's 360X launched xStocks trading this month. That's a regulated secondary trading venue - not some wild west crypto exchange.
9 / 15
A Kraken spokesperson didn't respond when we reached out for comment. Maybe they're too busy counting money.
10 / 15
The speed of adoption is catching people off guard. Tokenized equities were basically a concept eighteen months ago.
11 / 15
Kraken's strategy seems pretty clear. They want to be the bridge between old-school finance and crypto before their IPO hits.
12 / 15
The Deutsche Börse partnership is probably the biggest validation yet. When a 430-year-old German stock exchange starts trading your tokenized assets, you know something shifted…
13 / 15
Some market watchers are still skeptical though. The lack of comment from Kraken suggests there might be bigger moves coming - or maybe some challenges they're not ready to…
14 / 15
Kraken's acquisition of Backed Finance in late 2025 was the key move that made this scale possible.
15 / 15
The February launch on Deutsche Börse's 360X marked eight months since xStocks first went live.
The Currency Analytics
Want the full story?