TechFlow reports that, according to Financefeeds, Kraken’s tokenized stock platform xStocks has surpassed $25 billion in total trading volume since its launch last year, including approximately $3.5 billion traded on the Solana, Ethereum, and TON blockchains. The platform currently boasts over 80,000 on-chain holders and manages nearly $225 million in assets under management.
Each xStocks token is backed 1:1 by the corresponding stock or ETF held by a licensed custodian—a structure common among most regulated tokenized asset products, where custody and collateral remain off-chain while transfers and settlements occur on-chain.
According to RWA.xyz data, the current market for tokenized stocks stands at approximately $940 million, with monthly trading volume around $2.34 billion and roughly 311,000 verified holders across all platforms. Dune Analytics data shows that xStocks deployed on Solana accounts for 46.9% of the tokenized stock market share.
