Kraken's xStocks Hits $800M in Assets Backing Tokenised Stocks

Kraken's xStocks has reached new milestones in assets backing its tokenised stocks and ETFs, exceeding $800 million in value. The number of unique holders has also surpassed 300,000, with over 20,000 added within the last 24 hours.

The platform offers more than 100 integrations across ten blockchain networks, including Solana, Ethereum, BNB Chain, and others. This allows users to hold, transfer, or swap tokens and use them as collateral if supported by a third-party protocol.

xStocks are issued by Jersey-registered Backed Assets (JE) Limited and are unavailable in certain jurisdictions, such as the US, UK, Canada, Australia, and sanctioned territories. The products are distributed through various channels, including exchanges, self-custodial wallets, and lending markets.