Kraken's lineup of tokenized stocks has crossed a significant milestone. As of October 22, 2026, the exchange's xStocks catalog includes more than 1,000 instruments, a sharp increase from the 131 listed in the company's September FAQ.

The September 18, 2026 FAQ put the xStocks count at 131. In just over a month, the figure climbed past 1,000, a more than sevenfold expansion. The product first launched in June 2025 with 60 assets, and while growth held steady for more than a year, it accelerated sharply this fall.

xStocks are tokenized versions of US equities and exchange-traded funds. Each token is backed 1:1 by the underlying stock or fund, which is held in regulated custody. Holders gain price exposure to the underlying shares, though the tokens do not carry shareholder rights. That custody arrangement is the load-bearing piece of the design: holders are relying on the underlying shares actually sitting in regulated custody, which places trust in the issuer and custodian behind the tokens.

The tokens are issued across multiple blockchains, including Solana, Ethereum, and BNB Chain. This multichain setup allows holders to move the assets beyond Kraken's own platform.

The numbers behind the catalog

Cumulative transaction volume for xStocks had surpassed $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 one-eighth the size of today's.

Certain xStocks support 24/7 trading on Kraken Pro, meaning traders are not bound by the New York opening bell. Fractional purchases are also available. Once withdrawn from Kraken, the tokens can be plugged into decentralized finance (DeFi) applications — a degree of portability that a conventional brokerage account, where shares remain inside the brokerage's own system, does not offer.

Who can and can't buy

xStocks are available to eligible clients in more than 110 countries. US persons remain excluded, as do several other jurisdictions, including the UK and Canada.

The product is built entirely around US equities, yet Americans cannot use it. Kraken has designed the offering for international investors rather than trying to fit it into US securities rules.

Those exclusions also frame what the expansion changes. With 60 or 131 assets, xStocks covered the obvious megacap names and popular ETFs; at more than 1,000, the catalog begins to resemble a genuine brokerage menu. For the international investors the product is designed for — many of whom may have limited or expensive routes into US markets — an exchange account offering fractional, round-the-clock exposure to US equities is a meaningful alternative.

The exclusion of the US, UK, and Canada, meanwhile, underscores 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 — a reminder that the catalog's reach is defined by eligibility rules as much as by the pace of new listings.

Source: CryptoBriefing