[DigitalToday reporter Chi-gyu Hwang] Crypto exchange Kraken has launched xChange, a tokenised stock trading platform, in partnership with xStocks, The Block reported on March 5 (local time).
xChange operates on Ethereum and Solana.
It allows trading in more than 70 tokenised stocks and ETFs, including Apple, Nvidia, Tesla and the S&P 500.
xStocks has recorded more than $25 billion in trading volume on the Ethereum, Solana and TON networks, establishing itself as a major platform in the tokenised stock market. According to Dune data, Solana-based xStocks accounts for 46 percent of the tokenised stock market, while Ondo on Ethereum and the BNB Chain holds the remaining 52 percent.
xChange integrates liquidity across protocols to reduce spreads and executes trades based on real-time public market prices. Kraken plans to work with 1inch to strengthen liquidity. Val Gui (발 귀), head of xStocks, said, "xChange sets a new standard for digital stock trading."
Chi-gyu Hwang
delight@d-today.co.kr