Kraken Expands Tokenized Assets Trading with New Launch on Deutsche Börse’s 360X Platform

Core Insights - Kraken has launched its xStocks product on 360X, a regulated marketplace for secondary trading, enabling transactions of tokenized equities and ETFs paired with stablecoins, enhancing integration between traditional finance and digital assets [1][7] Group 1: xStocks Initiative - The xStocks initiative offers tokenized securities fully backed by actual underlying stocks or ETFs, stored securely to protect against bankruptcy risks, ensuring reliability and transparency [2] - The launch on 360X aims to extend the model to a broader audience, highlighting the potential of tokenized assets to transform investment handling [3] Group 2: Trading Features - Users can trade five specific tokenized assets against stablecoins, providing a stable value anchor in the volatile crypto market, appealing to investors seeking exposure to high-growth sectors [4] - The platform allows for near-instantaneous settlements and 24/7 trading, contrasting with conventional stock exchanges that have limited hours and delays in clearing [5] Group 3: Market Adoption and Impact - Since its debut in May 2025, the xStocks platform has achieved nearly $20 billion in total trading volume, indicating strong market adoption [5] - The initiative positions Kraken as a global leader in transaction amounts and unique token holders, appealing to institutional investors in a regulated environment [6] Group 4: Strategic Collaboration - The partnership between Kraken and Deutsche Börse focuses on enhancing foreign exchange services, secure custody solutions, and the broader adoption of tokenized assets [8] - By leveraging Kraken's crypto expertise and Deutsche Börse's infrastructure, the collaboration aims to create scalable tools for retail and institutional sectors [9] Group 5: Future Developments - Kraken plans to expand the range of available assets in the coming months, potentially including more equities and ETFs, although access is currently limited to clients of Deutsche Börse and registered participants on 360X [10]