Tom Kushner Kraken xStocks hits a major milestone, surpassing $25 billion in trading volume and 80,000 onchain holders, signaling massive growth in tokenized equities adoption.
Kraken xStocks Surpasses $25 Billion in Trading Volume as Onchain Adoption Soars
Kraken xStocks has achieved a remarkable milestone, crossing $25 billion in total trading volume and surpassing 80,000 onchain holders. The surge highlights the growing investor confidence in tokenized equities and the broader movement toward blockchain-based financial instruments.
Since its launch less than eight months ago, Kraken xStocks has rapidly emerged as a leader in the tokenized equity space, demonstrating the accelerating mainstream adoption of digital assets that bridge traditional markets and blockchain technology.
Tokenized Equities Power a New Financial Era
The explosive growth of Kraken xStocks reflects the rising interest in blockchain representations of traditional stocks. The platform has seen a 150 percent increase in cumulative trading activity since November, when it first crossed the $10 billion threshold.
Kraken’s tokenized equity platform works in partnership with Backed Finance, a regulated issuer that creates fully collateralized digital representations of publicly traded stocks and exchange-traded funds. Through this model, Kraken xStocks provides investors access to blue-chip companies such as Amazon, Meta Platforms, Nvidia, and Tesla in tokenized form.
According to Kraken, this structure combines the transparency of onchain trading with the regulatory oversight of traditional finance, giving investors a new way to participate in equity markets without intermediaries.
Onchain Trading Pushes Kraken xStocks Adoption Higher
A key factor in the platform’s success is its growing onchain participation. Kraken xStocks has generated $3.5 billion in onchain trading activity and now counts more than 80,000 unique holders across public blockchains.
Unlike centralized exchanges where trades are recorded internally, onchain transactions occur transparently on the blockchain. This allows users to self-custody their assets and integrate them into decentralized finance protocols.
Kraken revealed that eight of the eleven largest tokenized equities by unique holder count now belong to the Kraken xStocks ecosystem. This demonstrates its expanding dominance in the emerging market for tokenized equities and reinforces the growing appeal of blockchain-based financial instruments.
Kraken xStocks and the Rise of Tokenized Real-World Assets
The growth trajectory of Kraken xStocks mirrors the early surge of stablecoins, which rapidly transitioned from niche use cases to global financial tools. Tokenized real-world assets have gained 13.5 percent in total value over the last month, even as the broader crypto market declined by approximately $1 trillion in market capitalization during the same period.
Market analysts suggest that Kraken xStocks is benefiting from this momentum, as investors increasingly view tokenized equities as a stable and transparent alternative during volatile market conditions.
Data from Token Terminal shows that tokenized equities reached a total market capitalization of $1.2 billion by December, an astonishing figure for an asset class that was nearly nonexistent just half a year earlier. The rapid scaling of these assets suggests that blockchain-based equities are evolving into one of the most significant sectors within digital finance.
Kraken xStocks Sets the Benchmark for Institutional Adoption
Kraken xStocks is not only redefining how investors interact with equities but also setting the tone for institutional adoption. The platform’s blend of compliance, transparency, and accessibility has positioned it as a trusted entry point for both retail and institutional participants seeking exposure to tokenized financial instruments.
With more than $25 billion in cumulative trading volume and expanding multi-venue activity across centralized and decentralized exchanges, Kraken xStocks stands as a leading example of how blockchain technology can modernize traditional market structures.
As tokenization continues to gain traction, Kraken xStocks appears poised to lead the next phase of financial innovation one where stocks, funds, and even commodities exist natively on blockchain networks, enabling a more open and efficient global market.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards.
