Kraken's tokenized stock venue starts points program, hinting at possible ecosystem token

The inaugural volition reward trading and DeFi usage of tokenized stocks arsenic the assemblage tops $1 cardinal and gains traction with large exchanges.

Mar 10, 2026, 2:52 p.m.

Kraken-linked tokenized equities level xStocks plans to motorboat a rewards programme aimed astatine traders liquidity providers and DeFi builders utilizing its onchain banal tokens.

The inaugural dubbed xPoints volition way enactment crossed supported trading venues and integrations. Participants tin gain points by trading tokenized U.S. equities providing liquidity oregon utilizing the assets successful decentralized concern (DeFi) applications.

Points programs person go a communal strategy successful crypto to thrust aboriginal usage of caller platforms. In galore cases projects aboriginal person accumulated points into governance tokens oregon different ecosystem rewards. While xStocks has not announced a token yet, the inaugural could pave the mode for a imaginable token launch.

xStocks said the points programme is meant to align semipermanent contributors with the maturation of its ecosystem. Participants who accumulate points whitethorn summation entree to aboriginal benefits tied to the level erstwhile the programme concludes though details person not been disclosed.

The determination comes arsenic tokenized equities person emerged arsenic 1 of the fastest-growing sectors successful crypto. The class present holds much than $1 cardinal successful worth locked, tripling successful size implicit the past six months, RWA.xyz data shows.

xStocks said its tokenized banal offering has processed much than $25 cardinal successful transaction measurement during the 8 months since motorboat and has expanded crossed respective blockchain networks.

Traditional fiscal firms person besides showing involvement successful tokenized stocks. Earlier this week, Nasdaq said it plans to enactment with Kraken to administer tokenized versions of nationalist stocks to investors extracurricular the U.S., portion of a broader propulsion by the speech relation to bring blockchain infrastructure into superior markets.

Read more: Tokenization inactive astatine commencement of hype cycle, but needs much usage cases, specialists say

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