Kraken and Alpaca have launched xStocks, enabling tokenized real-world equities on-chain across multiple ecosystems, including Ethereum, since June 2025.
This initiative highlights the demand for tokenized equities, surpassing $10 billion in trading volume, impacting decentralized finance integration and providing new liquidity avenues.
Kraken and Alpaca have expanded the xStocks platform, integrating tokenized real-world equities on multiple blockchains. This initiative sees collaboration with Backed, bringing Ethereum as a key chain. The move follows previous launches on Solana and others.
Kraken has led the charge with on-chain equity expansion, partnering with Alpaca for tokenized equities. The newly expanded network promises enhanced liquidity and interoperability by leveraging prominent blockchain ecosystems such as Ethereum and Solana.
Kraken and Alpaca Bring Ethereum to xStocks
Tokenized equities have amassed over $10 billion in transaction volume, showcasing substantial demand. The strategic integration of major blockchains hints at vibrant liquidity potential. Developer and community sentiment remains high due to the expansion across ecosystems.
Tokenized equities offer enhanced market accessibility and potential regulatory advantages. The collaboration fosters interoperability amongst blockchains, indicating broader adoption. Kraken emphasizes strategic blockchain integration to maintain robust liquidity, particularly following Ethereum mainnet deployment.
Tokenized Equities Surpass $10 Billion in Volume
xStocks mirrors trends where tokenized assets see multi-chain adoption, as evidenced in Solana’s prior U.S. launch. The approach aims to set a “gold standard” in tokenization, resonating with real-world asset appetite and digital finance transitions.
Experts suggest the integration of xStocks on Ethereum highlights a shift towards incorporating real-world assets into decentralized finance. Historical support for tokenization underlines its resilience and potential for sustained growth amid regulatory evolution.
“xStocks is proving that tokenized equities aren’t a future concept. They’re a present reality scaling at record speed. Deepening our partnership with Alpaca allows us to accelerate that trajectory and deliver an institutional grade foundation that sets the standard for how real-world assets move across traditional and onchain rails.” — Mark Greenberg, Global Head of Consumer, Kraken source
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