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Kraken’s xStocks Hits $25 Billion in Tokenized Trades in Under Eight Months


xStocks has surpassed $25 billion in total transaction
volume, underscoring the rapid growth of tokenized equities across centralized
and decentralized venues.

The figure covers trading on exchanges, activity on DeFi
platforms, and mint and redemption flows, all reached in less than eight
months. The milestone points to sustained liquidity and recurring usage rather
than short‑term experimentation.

xStocks Hits $25 Billion as Tokenized Equities Scale

Onchain activity accounts for more than $3.5 billion of the
total, with over 80,000 unique onchain holders participating in the ecosystem. xStocks currently holds eight of the top eleven tokenized
equities by unique holders and represents 68% of the top 25 tokenized stocks by
holder count as of 17 February 2026.

Each xStock is fully backed on a one‑to‑one
basis by the underlying stock or ETF, which a licensed custodian holds in a
bankruptcy‑remote structure. The framework operates today on
Solana, Ethereum and TON, with additional blockchain integrations planned to
support cross‑chain mobility.

The instruments trade across centralized exchanges, DeFi
protocols, self‑custody wallets and consumer applications, allowing
users to move exposure between venues.

Custody Model, Market Access and Alliance Growth

Crypto trading platforms including Bybit and Gate.io have
integrated xStocks, extending access to tokenized U.S. equities for retail
traders, professional users and institutional clients.

The broader xStocks Alliance continues to add new assets and
partners, as builders adopt the framework as shared infrastructure for
tokenized equity settlement.

Aggregate assets under management across xStocks stand at
nearly $225 million. The project’s backers present the $25 billion volume mark
as evidence that tokenized equities are becoming a lasting component of global
market infrastructure rather than a temporary trend.

This article was written by Jared Kirui at www.financemagnates.com.



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