Tokenized Stocks Hit Record $2.3B Market Cap, Kraken's xStocks at $507M
Tom Rudovsky · Reported by Cointelegraph
Sentiment
Positive
Importance
7
Price
--
Mkt Cap
--
52W Low
--
52W High
--
52W Position
Off High
Rel. Volume
Market data snapshot near publication time
Summary
The tokenized stocks market reached a record $2.3 billion in market cap, with Kraken's xStocks contributing $507 million. This milestone reflects growing demand for blockchain-based equity products, driven by 24/7 trading and fractional ownership. Kraken's position as a leading platform in this niche strengthens its product narrative ahead of its delayed 2027 public listing. The surge comes despite a broader crypto market pullback, highlighting the segment's resilience. With tokenized stocks still only 5.5% of the $34 billion RWA market, there is significant room for expansion.
This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Cointelegraph.