US based crypto exchange operator Kraken has announced that its xStocks tokenized stocks trading unit (developed in partnership with Backed) has surpassed $10 billion in combined centralized and decentralized exchange transaction volume, including nearly $2 billion in onchain activity. Achieved in just 135 days since public launch, Kraken said that the milestone reflects surging global appetite for open, permissionless, interoperable financial assets that connect traditional capital markets to the open internet economy. With xStocks, people in eligible regions can gain exposure to U.S. stocks and ETFs, hold assets on ... (full story)