Kraken’s tokenized stock shelf just got a lot more crowded. As of October 22, 2026, the exchange’s xStocks lineup counts more than 1,000 instruments.
That is a big jump from the 131 listed in Kraken’s September FAQ. The September 18, 2026 FAQ put the xStocks count at 131. By October 22, the figure had cleared 1,000, a more than sevenfold expansion.
The product debuted in June 2025 with 60 assets. Growth was steady for over a year, then went vertical this fall.
xStocks are tokenized versions of US equities and ETFs. Each token is backed 1:1 by the underlying stock or fund, held in regulated custody. The tokens offer price exposure to the underlying shares, but they do not come with shareholder rights.
The tokens are issued across several blockchains, including Solana, Ethereum, and BNB Chain. That multichain setup lets holders move them beyond Kraken’s own walls.
The numbers behind the catalog
Cumulative transaction volume for xStocks had passed $40 billion by September 2026. Backing assets had topped $800 million, spread across more than 300,000 unique holders.
Those metrics predate the latest wave of listings. In other words, they reflect activity on a catalog roughly an eighth the size of today’s.
Certain xStocks support 24/7 trading on Kraken Pro, so traders aren’t bound by the New York opening bell. Fractional purchases are also available. Once withdrawn from Kraken, the tokens can be plugged into DeFi applications.
Who can and can’t buy
xStocks are available to eligible clients in more than 110 countries. US persons remain excluded. So do several other jurisdictions, including the UK and Canada.
The product is built entirely around US equities, yet Americans can’t use it. Kraken has designed the offering for international investors rather than trying to fit it into US securities rules.
Why the expansion matters
With 60 or 131 assets, xStocks covered the obvious megacap names and popular ETFs. With over 1,000, the catalog starts to resemble a genuine brokerage menu.
For international users, investors in many of those 110-plus countries may have limited or expensive routes into US markets. A crypto exchange account offering fractional, round-the-clock exposure is a meaningful alternative.
What to watch next
The 1:1 backing model depends on the custody arrangement working as described. Holders are relying on the underlying shares actually sitting in regulated custody, which places trust in the issuer and custodian behind the tokens.
The exclusion of the US, UK, and Canada shows how much of the world’s investing population sits outside the product’s reach. Any shift in those jurisdictions’ stance toward tokenized securities could reshape the addressable market quickly.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.