Kraken Launches xStocks On 360X Marketplace
Kraken has launched its xStocks product on 360X, Deutsche Börse Group’s regulated secondary trading marketplace, enabling qualified users to trade tokenized equities and ETFs against stablecoins. The rollout lists five assets — CRCLx, GOOGLx, NVDAx, SPYx and TSLAx — and follows xStocks' May 2025 debut, which amassed nearly $20 billion in trading volume. The integration enables near-instant on-chain settlements and 24/7 trading, while access remains limited to 360X participants and excludes U.S. users.
Key Points
- 1Lists five tokenized assets (CRCLx, GOOGLx, NVDAx, SPYx, TSLAx) tradable against stablecoins.
- 2Offers one-to-one backed tokens with custodian safeguards, enabling regulatory-compliant tokenized securities trading.
- 3Provides near-instant on-chain settlement and 24/7 trading, increasing liquidity and operational efficiency.
Scoring Rationale
Regulated-market expansion with substantial $20B volume supports broad adoption, limited by restricted geographic access and institutional-only rollout.
Sources
Public references used for this report.
Practice interview problems based on real data
1,625 SQL & Python problems across 15 industry datasets — the exact type of data you work with.
Try 250 free problems
