{"id":94995,"date":"2026-03-06T13:10:18","date_gmt":"2026-03-06T10:10:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=94995"},"modified":"2026-03-06T13:15:24","modified_gmt":"2026-03-06T10:15:24","slug":"kraken-launches-platform-for-trading-tokenized-apple-and-nvidia-shares","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/kraken-launches-platform-for-trading-tokenized-apple-and-nvidia-shares\/","title":{"rendered":"Kraken Launches Platform for Trading Tokenized Apple and Nvidia Shares"},"content":{"rendered":"

The cryptocurrency exchange Kraken has launched<\/a> the on-chain platform xChange for trading tokenized assets<\/a> xStocks from the Backed project.<\/p>\n

The service operates on the Ethereum and Solana<\/a> networks, available 24\/5. Users have access to over 70 tokenized U.S. stocks and ETFs<\/a>, including securities from Apple, Nvidia, Tesla, and an S&P 500 index fund.<\/p>\n

xChange consolidates liquidity from various blockchains, narrowing spreads and improving prices compared to traditional DeFi pools<\/a>. Asset prices are pegged to real-time quotes from traditional stock markets.<\/p>\n

Trades are executed instantly on an all-or-nothing basis, with no partial order closures. For additional liquidity depth, developers have integrated the API<\/span> of the 1inch aggregator.<\/p>\n

The total transaction volume with xStocks instruments has already exceeded<\/a> $25 billion since launch. According to Dune, xStocks accounts for 46% of the tokenized stock market on the Solana network. In comparison, the main competitor, the Ondo platform (in Ethereum and BNB Chain), holds 52%.<\/p>\n

\"\u0421\u043d\u0438\u043c\u043e\u043a
Source: Dune<\/a>.<\/figcaption><\/figure>\n

Rise of RWA<\/h2>\n

The full launch of xChange is supported by the robust growth of the segment. According to RWA.xyz, the total market value of tokenized stocks has surpassed $1.02 billion, increasing by 8.8% over the past 30 days. The total number of holders of such assets has grown by 11.8%, reaching 184,720.<\/p>\n

\"\u0421\u043d\u0438\u043c\u043e\u043a
Source: RWA.xyz<\/a>.<\/figcaption><\/figure>\n

The segment leader is the Ondo platform, holding a 58% share ($593.5 million). The xStocks project firmly holds second place, accounting for nearly 24% with a capitalization of $243.7 million.<\/p>\n

\"\u0421\u043d\u0438\u043c\u043e\u043a
Source: RWA.xyz<\/a>.<\/figcaption><\/figure>\n

Data from CoinGecko confirms the popularity of Backed’s instruments: the total market value of the xStocks ecosystem has reached $254 million, with a daily trading volume exceeding $147 million.<\/p>\n

\"\u0421\u043d\u0438\u043c\u043e\u043a
Source: CoinGecko<\/a>.<\/figcaption><\/figure>\n

The top positions in the ecosystem ranking are held by tokenized assets of Tesla (TSLAX) valued at $52.7 million, Circle (CRCLX) at $45.3 million, and Nvidia (NVDAX) at $21.8 million.<\/p>\n

\"\u0421\u043d\u0438\u043c\u043e\u043a
Source: CoinGecko<\/a>.<\/figcaption><\/figure>\n

In February, the popular Web3<\/a> wallet MetaMask<\/a> added support<\/a> for tokenized stocks and ETFs.<\/p>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency exchange Kraken has launched the on-chain platform xChange for trading tokenized assets xStocks from the Backed project.<\/p>\n","protected":false},"author":1,"featured_media":94996,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Kraken launches xChange for trading tokenized assets from Backed.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[569,193,1308,1221],"class_list":["post-94995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf","tag-kraken","tag-rwa","tag-stocks"],"aioseo_notices":[],"amp_enabled":true,"views":"179","promo_type":"1","layout_type":"1","short_excerpt":"Kraken launches xChange for trading tokenized assets from Backed.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=94995"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94995\/revisions"}],"predecessor-version":[{"id":94997,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94995\/revisions\/94997"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/94996"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=94995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=94995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=94995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}