The xStocks framework has exceeded $25 billion in total transaction volume, establishing a new liquidity benchmark for tokenized traditional assets on blockchain infrastructure.
Kraken‑Backed Tokenized Stocks Surpasses $25 Billion in Volume
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The Kraken-backed xStocks ecosystem reached a milestone $25 billion in total transaction volume on February 19, 2026, marking a shift in the adoption of tokenized U.S. equities. The platform currently supports over 80,000 unique onchain holders across the Solana, Ethereum, and TON networks. Each asset is backed 1:1 by underlying stocks or ETFs held in a bankruptcy-remote custodial structure.
The framework has secured 68% of the market share among the top 25 tokenized stocks by unique holders as of February 17, 2026. This growth is supported by the xStocks Alliance, a group of integrated partners including Bybit and Gate.io, which facilitates $3.5 billion in specifically onchain activity. Total assets under management for the ecosystem have now reached nearly $225 million.
“Eclipsing the $25 billion milestone so quickly demonstrates that investors around the world are ready for markets that are open, permissionless, and built for the internet age,” says Val Gui, General Manager for xStocks.
🧭 FAQs
• What total transaction volume has xStocks achieved since its launch? The platform surpassed $25 billion in combined volume across centralized and decentralized venues.
• How many unique individuals currently hold xStocks assets onchain? More than 80,000 unique onchain holders now participate in the tokenized equity ecosystem.
• Which blockchain networks currently support the xStocks infrastructure? The assets are active on the Solana, Ethereum, and TON blockchain networks.
• How is the collateral for these tokenized stocks managed? Every token is fully backed 1:1 by underlying assets held with licensed custodians.
