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

The initiative will reward trading and DeFi use of tokenized stocks as the sector tops $1 billion and gains traction with major exchanges. What to know : xStocks, a Kraken-linked tokenized equities platform, is launching an xPoints rewards program to incentivize traders, liquidity providers and DeFi builders who use its onchain stock tokens. Points systems in crypto often precede token launches or governance incentives, though xStocks has not officially announced plans for a token yet. The move comes as tokenized equities rapidly expand, with more than $1 billion in value locked and growing interest from traditional finance, including a new Nasdaq-Kraken partnership to distribute tokenized stocks outside the U.S.