Kraken rolls out unified execution layer for xStocks tokenized equities called xChange
Kraken launched xChange, a unified execution layer for its xStocks tokenized assets operating 24/5 on Ethereum and Solana.Summary
Kraken has introduced xChange, an onchain trading engine and unified execution layer for its xStocks tokenized assets, designed to operate 24 hours a day, five days a week, across Ethereum and Solana. This platform allows direct trading of over 70 tokenized U.S. equities and ETFs, including Apple and Nvidia. xChange aims to unify liquidity across protocols and onchain applications to provide tighter spreads and better execution than purely DeFi-native pools, using all-or-nothing atomic settlement and pricing sourced from real-time public markets. Furthermore, xStocks announced an integration with 1inch to enhance onchain liquidity for xChange. While the tokenized equities market has seen growth driven by Wall Street interest, recent data shows a dip in monthly transfer volume and active addresses.
(Source：The Block)