Kraken's US tokenized stock trading volume exceeds $5 billion

Kraken claims that its "xStocks" tokenized US stocks (for non-US users) launched in partnership with Backed have seen cumulative trading volume exceeding US$5 billion, with on-chain transaction volume exceeding US$1 billion, covering more than 160 countries, with more than 37,000 unique holders, and collaborating with Bybit, Phantom, OKX Wallet, and Telegram.