Kraken xStocks Reaches $25 Billion in Volume

xStocks' Rapid Volume Surge

Kraken's tokenized stock platform xStocks reached a total trading volume of 25 billion dollars in less than eight months since its launch. This figure covers trading on centralized and decentralized exchanges as well as minting and redemption activities. The volume, which reached 10 billion dollars in November, showed a 150% increase.

xStocks tokens include representations of public stocks and exchange-traded funds issued 1:1 backed by Backed Finance. While Kraken serves as the main distribution and trading platform, Backed manages the structural and issuance operations. At launch, shares of more than 60 US tech companies such as Amazon, Meta Platforms, Nvidia, and Tesla were offered. Onchain activities were the main driving force of growth; 3.5 billion dollars in onchain trading volume and over 80,000 unique onchain holders were recorded. Eight of the top 11 tokenized stocks by unique holder count are in the xStocks ecosystem.

Source: xStocks

RWA and Tokenized Stock Growth

The tokenized real-world assets (RWA) segment is growing rapidly; its total value increased by 13.5% in the last 30 days. According to Token Terminal data, the market value of tokenized stocks reached 1.2 billion dollars in December. This trend highlights RWA opportunities integrated with BTC detailed analysis.

The market cap of tokenized stocks has grown considerably since September of last year. Source: Token Terminal

xStocks' Impact on BTC Market

xStocks' success is increasing RWA liquidity in the BTC-dominated crypto ecosystem. Onchain growth supports BTC futures volume. For investors, 1:1 backed tokens carry traditional stocks to the blockchain, democratizing access.