We’re excited to announce a serious enlargement of our strategic partnership with Alpaca, additional accelerating the worldwide adoption of xStocks outdoors of the USA. xStocks is the gold normal for absolutely collateralized tokenized equities and one of many fastest-growing tokenization merchandise within the trade.
Underneath the expanded settlement, Alpaca will grow to be our most well-liked venue for sourcing and custodying the underlying equities that again xStocks on a 1:1 foundation. Alpaca can even discover alternatives to reinforce the adoption of xStocks by way of its extensively used brokerage-as-a-service API, supporting seamless purchase and promote performance for fintechs, builders, and establishments.
This strengthened collaboration marks a major milestone within the evolution of xStocks and reinforces our shared imaginative and prescient for open, compliant, and globally accessible tokenized markets.
xStocks take heart stage in subsequent partnership section
Since their launch in June 2025, xStocks have surpassed $10 billion in mixed transaction quantity throughout centralized and on-chain environments, demonstrating robust demand for real-world-asset tokenization. xStocks are permissionless, absolutely collateralized, blockchain-agnostic, and accessible world wide.
Alpaca has performed an essential function in supporting xStocks’ early progress by serving as custodian for the underlying equities backing them. The expanded partnership now positions Alpaca as a central participant in xStocks’ future roadmap throughout tokenization initiatives, infrastructure technique, and companion integrations.
xStocks will now even be a most well-liked tokenized equities providing obtainable by way of Alpaca’s Instantaneous Tokenization Community (ITN). This enhances real-time mint and redeem capabilities for institutional companions, setting a brand new benchmark for institutional-grade tokenization infrastructure.
A unified imaginative and prescient for world, scalable RWA tokenization
Mark Greenberg, Kraken World Head of Client: “xStocks is proving that tokenized equities aren’t a future idea. They’re a gift actuality scaling at report velocity. Deepening our partnership with Alpaca permits us to speed up that trajectory and ship an institutional-grade basis that units the usual for a way real-world belongings transfer throughout conventional and onchain rails.”
Yoshi Yokokawa, Co-Founder and CEO of Alpaca: “TradFi and digital belongings are now not two separate worlds. Tokenized equities reached billions in buying and selling quantity this yr alone. Our expanded partnership with xStocks, now a part of Kraken, brings collectively two class leaders to allow seamless minting, redemption, and liquidity throughout fiat and onchain rails for tokenized equities at the moment and extra asset lessons tomorrow.”
This collaboration builds on years of partnership between Kraken and Alpaca, together with Alpaca’s function in powering our conventional U.S. equities providing. Collectively, each corporations see vital alternative to increase xStocks past tokenized equities and right into a broader suite of regulated tokenized securities and real-world belongings as technical and regulatory pathways evolve.
Advancing a extra open, globally related monetary market
At current, xStocks can be found in sure non-U.S. international locations. We’re working with Alpaca to develop that protection primarily based on numerous regulatory approvals.
Kraken and Alpaca view this partnership enlargement as a pivotal step towards constructing extra environment friendly, interoperable, and globally related markets the place traders can transfer between conventional and tokenized belongings with unprecedented velocity, management, and transparency.
