Product Launches
Kraken's xStocks Catalog Passes 1,000 Tokenized Equities and ETFs
By News Desk ·
Key takeaways
- Kraken's xStocks lineup passed 1,000 tokenized instruments on October 22, 2026, up from 131 in a September 18, 2026 FAQ.
- The product debuted in June 2025 with 60 assets and is available to eligible clients in more than 110 countries, excluding the US, UK and Canada.
- Cumulative xStocks transaction volume passed $40 billion by September 2026, with backing assets above $800 million across more than 300,000 unique holders.
Kraken's xStocks catalog passed 1,000 tokenized instruments on October 22, 2026, up from 131 listings in a September 18, 2026 FAQ. Crypto Briefing reported the expansion, which followed the product's June 2025 debut with 60 assets.
How the xStocks Catalog Reached 1,000 Listings
xStocks are tokenized versions of US equities and ETFs. Each token is backed 1:1 by the underlying stock or fund, held in regulated custody, and offers price exposure without shareholder rights. The tokens are issued across several blockchains, including Solana, Ethereum and BNB Chain, which lets holders move them beyond Kraken's own walls.
Certain xStocks support 24/7 trading on Kraken Pro, so traders are not bound by the New York opening bell, and fractional purchases are available. Once withdrawn from Kraken, the tokens can be used in DeFi applications.
xStocks are available to eligible clients in more than 110 countries. US persons remain excluded, as do several other jurisdictions, including the UK and Canada. The product is built entirely around US equities.
Cumulative transaction volume for xStocks had passed $40 billion by September 2026. Backing assets had topped $800 million, spread across more than 300,000 unique holders. Those metrics predate the latest wave of listings.
Kraken's xStocks Pre-IPO Access and Funding Record
Kraken, operated by Payward, Inc., enabled pre-IPO access to Bending Spoons through xStocks, according to akta.pro company records. Eligible customers across 110+ countries can register non-binding indications of interest ahead of a roughly $20 billion Nasdaq listing.
Kraken filed for a late-2026 IPO at a $13.3 billion valuation, the same records show. Total funding stands at $1.9 billion at Series D stage, with the last round dated September 10, 2026.
Earlier Kraken Product Rollouts
Kraken announced its EEA Unified Wallet rollout on October 16, 2026, allowing eligible Pro users to pool collateral, CryptoSlate reported. The default cross-margin setting can expose spot and Earn balances to futures losses, while isolated margin limits individual positions.
Kraken began spot trading of the NEXO token on October 22, 2026, making it available for purchases and sales, TradingView reported. The listing adds access through a major global exchange and supports fiat pairs.
Kraken's parent Payward received Dubai's final crypto license approval, planning to launch UAE trading and staking, TechBullion reported on October 14, 2026.
Kraken's Next Steps for xStocks
The 1:1 backing model depends on the custody arrangement working as described, with holders relying on the underlying shares sitting in regulated custody. Any shift in the stance of the US, UK and Canada toward tokenized securities could reshape the addressable market.