A New Chapter for xStocks: Kraken Partners with Alpaca to Power Global Tokenization Acceleration

Kraken has expanded its strategic partnership with Alpaca to accelerate the global adoption of xStocks, its fully collateralized tokenized equities, outside the United States. Since their launch, xStocks have seen rapid growth, facilitating over $13 billion in transactions, highlighting the increasing demand for compliant and blockchain-agnostic financial products. Alpaca will play a crucial role as the infrastructure partner, providing the necessary API infrastructure to help fintechs, developers, and institutions distribute xStocks. The integration of xStocks onto Alpaca’s Instant Tokenization Network aims to enhance real-time mint and redeem capabilities, setting a new standard for speed in the tokenization space. Both Kraken and Alpaca view this partnership as a step toward greater interoperability between fiat and on-chain financial systems, indicating a convergence of traditional finance and digital assets.