Kraken’s xStocks tokenized equities cross $1 billion AUM, expand to over 1,500 assets

Kraken’s tokenized equities ecosystem, xStocks, has reached $1 billion in assets under management, demonstrating strong demand for blockchain-based stock trading as investors seek access to traditional financial markets through digital infrastructure. Payward, the parent company of Kraken, announced that xStocks surpassed the $1 billion mark on October 27, up significantly from about $225 million in February. The platform now offers more than 1,500 tokenized forms of stocks, ETFs, and IPOs covering American, British, European, and Hong Kong markets. Launched in June 2025 with a starting lineup of 60 tokenized U.S.