- Kraken‘s tokenized equities platform, xStocks, exceeded $25 billion in total transaction volume within eight months, marking 150% growth since last November.
- Onchain activity is a major driver, with $3.5 billion in volume and over 80,000 unique holders, signaling integration into DeFi ecosystems.
- The tokenized stocks market, valued at $1.2 billion as of December, is seeing explosive growth akin to the early rise of stablecoins.
Less than eight months after its launch, Kraken‘s tokenized equities platform, xStocks, has surpassed a staggering $25 billion in total transaction volume. This milestone underscores the accelerating adoption of tokenization among mainstream investors, as detailed in the firm’s official disclosure. Consequently, the volume represents a 150% increase since the platform first crossed $10 billion back in November, highlighting rapid expansion.
The tokens are 1:1 backed by real equities and ETFs, issued by the regulated provider Backed Finance. Kraken serves as the primary distribution and trading venue, offering over 60 tokenized stocks from major US tech firms like Amazon and NVIDIA. Meanwhile, robust onchain activity has been a key growth driver since the platform’s debut.
This onchain trading has generated $3.5 billion in volume and attracted over 80,000 unique holders. Unlike internal exchange trades, onchain activity occurs transparently on public blockchains, allowing for self-custody. Consequently, this growing participation suggests users are actively integrating tokenized stocks into broader decentralized finance ecosystems.
Market observers note that tokenized stocks may be experiencing their own “stablecoin moment,” referencing the rapid early adoption of dollar-pegged digital assets. Tokenized real-world assets have increased 13.5% in value over the last 30 days, data shows, while the broader crypto market shed roughly $1 trillion. This divergence highlights tokenization’s resilience even as crypto prices trend lower.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
