xStocks Tokenized Stock Trading Volume Surpasses $25 Billion

xStocks tokenized shares trading volume hits $25 billion, Kraken reports.

The trading volume of xStocks tokenized shares has reached $25 billion, according to the Kraken exchange. 

$25,000,000,000 in total transaction volume.

In under 7 months since launch.@xStocksFi is making history.

As part of @payward’s group, xStocks is cementing its position as the largest provider and leading framework for tokenized equities globally. pic.twitter.com/XTPyXOMpBU

— Kraken (@krakenfx) February 19, 2026

“In less than eight months since launch, the total transaction volume of xStocks has exceeded $25 billion. This amount includes operations on centralized and decentralized exchanges, as well as the issuance and redemption of tokens,” the platform’s blog states. 

Kraken added digital securities of Apple, Tesla, Nvidia, and 50 other companies for users in Europe, Asia, Africa, and Latin America at the end of June 2025. 

Each digital asset is backed by a share or a stake in an ETF at a 1:1 ratio through the exchange’s partner, the Swiss company Backed Finance. The trading platform is currently finalizing the acquisition of this company.

Initially, xStocks operated only on Solana. They are now also available on Ethereum, BNB Chain, and TON. 

The number of unique holders exceeds 81,000. The most popular stocks include Nvidia, Tesla, and the S&P 500. 

Besides Kraken, xStocks are traded on Gate and Bybit. 

“Reaching the $25 billion mark so quickly proves that investors worldwide are ready for open, permissionless markets designed for the internet age,” commented Val Gui, general manager of xStocks.

According to rwa.xyz, the total capitalization of tokenized stocks is approximately $940 million. xStocks on Solana account for nearly 50% of the market. 

Earlier, the public test L2 network Robinhood, focused on RWA, conducted 4 million operations in seven days.