Financial and Business News

Kraken-Backed xStocks Debut on Deutsche Börse’s 360X

Monday, 09/02/2026 | 13:36 GMT by Jared Kirui
  • It marks the first major milestone in the partnership between Kraken and Deutsche Börse Group, announced in December.
  • xStocks earlier launched tokenized stocks for Telegram users.
Kraken (shutterstock)

Kraken-backed xStocks have gone live on 360X, giving Deutsche Börse Group clients access to tokenized versions of major equities on a regulated secondary trading venue. The move is the first major product milestone under the partnership that Kraken and Deutsche Börse Group announced in December.

According to the company, participants on 360X can trade five xStocks instruments, CRCLx, GOOGLx, NVDAx, SPYx and TSLAx, against stablecoins. The listing broadens institutional access to the xStocks standard and aims to support further growth in trading volumes and unique holders.

Track Established Equity and ETF Markets

xStocks launched last year and have reportedly generated nearly 20 billion dollars in total trading volume since then. Each token is backed one-to-one by the underlying equity or ETF, which a licensed custodian holds in a bankruptcy -remote structure.

Continue reading: From Chat to Stock: xStocks Puts Tokenized U.S. Equities Inside TON Wallet on Telegram

Mark Greenberg, Global Head of Consumer and Vice President of Product for xStocks, highlighted that the demand has come from investors who want digital instruments that track established markets.

“The rapid adoption of xStocks reflects strong global demand for digitally native instruments that provide exposure to established financial markets,” said Greenberg. “Integrating with a leading distribution channel like 360X means Deutsche Börse Group clients can now access one of the most liquid ecosystems for tokenized financial instruments.”

He added that integration with 360X gives Deutsche Börse Group clients access to a liquid ecosystem for tokenized financial instruments and enables round-the-clock trading with instant settlement.

Aiming for Round-the-Clock Trading

360T is Deutsche Börse Group’s global FX trading platform, focused on institutional foreign exchange and short-term money market products, and now also offers an integrated institutional crypto spot venue. 360X, by contrast, is a separate regulated secondary trading venue for tokenized financial instruments, including credits, rates, equities and funds.

The latest partnership between the crypto exchange and Deutsche Börse Group spans foreign exchange, custody, settlement and tokenized assets. The firms aim to combine regulated market infrastructure with crypto-native capabilities for institutional clients. However, xStocks on 360X not available to U.S. clients.

Earlier, xStocks debut its tokenized equities on the TON blockchain, allowing Telegram’s nearly 100 million users to buy and trade fully backed versions of U.S. stocks and ETFs directly through the app’s built-in TON Wallet. The integration brought traditional financial assets onchain, expanding investment access within Telegram’s fast-growing ecosystem.

Kraken-backed xStocks have gone live on 360X, giving Deutsche Börse Group clients access to tokenized versions of major equities on a regulated secondary trading venue. The move is the first major product milestone under the partnership that Kraken and Deutsche Börse Group announced in December.

According to the company, participants on 360X can trade five xStocks instruments, CRCLx, GOOGLx, NVDAx, SPYx and TSLAx, against stablecoins. The listing broadens institutional access to the xStocks standard and aims to support further growth in trading volumes and unique holders.

Track Established Equity and ETF Markets

xStocks launched last year and have reportedly generated nearly 20 billion dollars in total trading volume since then. Each token is backed one-to-one by the underlying equity or ETF, which a licensed custodian holds in a bankruptcy -remote structure.

Continue reading: From Chat to Stock: xStocks Puts Tokenized U.S. Equities Inside TON Wallet on Telegram

Mark Greenberg, Global Head of Consumer and Vice President of Product for xStocks, highlighted that the demand has come from investors who want digital instruments that track established markets.

“The rapid adoption of xStocks reflects strong global demand for digitally native instruments that provide exposure to established financial markets,” said Greenberg. “Integrating with a leading distribution channel like 360X means Deutsche Börse Group clients can now access one of the most liquid ecosystems for tokenized financial instruments.”

He added that integration with 360X gives Deutsche Börse Group clients access to a liquid ecosystem for tokenized financial instruments and enables round-the-clock trading with instant settlement.

Aiming for Round-the-Clock Trading

360T is Deutsche Börse Group’s global FX trading platform, focused on institutional foreign exchange and short-term money market products, and now also offers an integrated institutional crypto spot venue. 360X, by contrast, is a separate regulated secondary trading venue for tokenized financial instruments, including credits, rates, equities and funds.

The latest partnership between the crypto exchange and Deutsche Börse Group spans foreign exchange, custody, settlement and tokenized assets. The firms aim to combine regulated market infrastructure with crypto-native capabilities for institutional clients. However, xStocks on 360X not available to U.S. clients.

Earlier, xStocks debut its tokenized equities on the TON blockchain, allowing Telegram’s nearly 100 million users to buy and trade fully backed versions of U.S. stocks and ETFs directly through the app’s built-in TON Wallet. The integration brought traditional financial assets onchain, expanding investment access within Telegram’s fast-growing ecosystem.

Topics
xStocks
Kraken
About the Author: Jared Kirui
Jared Kirui
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Jared is an experienced financial journalist passionate about all things forex and CFDs.

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