Kraken's xStocks Launches xChange for Multi-Chain Trading

Kraken's tokenized stock platform, xStocks, has introduced xChange, a multi-chain execution layer designed for trading over 70 tokenized stocks on Ethereum and Solana. According to NS3.AI, this launch follows xStocks surpassing $3.5 billion in cumulative on-chain transaction volume. The platform is aimed at traders outside the United States, providing 1:1 tokenized exposure to U.S. equities and operating 24/5. Ethereum and Solana currently host approximately $58.6 billion and $8.2 billion in DeFi total value locked, respectively. xChange seeks to leverage this by enabling cross-chain liquidity.