[Kraken: Tokenized Stocks xStocks Cumulative Trading Volume Surpasses $25 Billion] Odaily Planet Daily reports that Kraken announced its tokenized stock product xStocks has reached a cumulative trading volume of over $25 billion since its launch last year, with approximately $3.5 billion coming from on-chain trading activities on Solana, Ethereum, and TON. Currently, the number of unique addresses holding xStocks on-chain exceeds 80,000, with assets under management (AUM) nearing $225 million. Kraken emphasized that each xStock is fully backed 1:1 by corresponding stocks or ETF assets held by licensed custodians. Kraken is currently advancing the acquisition of Backed, the issuer of xStocks.