We are pleased to announce that xStocks are now available for trading on 360X, a regulated secondary trading platform for financial instruments backed by Deutsche Börse Group.
Starting today, Deutsche Börse customers and participants on 360X can exchange five xStocks assets (CRCLx, GOOGLx, NVDAx, SPYx, TSLAx) for stablecoins. 360X’s BaFin and ESMA-regulated trading platform plans to expand its coverage over time.
The launch significantly expands institutional access to xStocks and further accelerates adoption of the world’s leading token standard, in terms of trading volume and unique holders.
A proven and scalable token standard, backed 1:1 by traditional assets
Since its inception in May 2025, xStocks have seen rapid adoption, surpassing nearly $20 billion in total trading volume. Each xStock is backed 1:1 by the underlying stock or ETF and held with an approved custodian in a bankruptcy remote structure, combining on-chain efficiency with institutional-level expectations.
Interoperable across a range of centralized and decentralized environments, xStocks helps unlock a range of new opportunities for Deutsche Börse customers.
Mark Greenberg, global head of consumer at Kraken and vice president of product for xStocks: “The rapid adoption of xStocks reflects the strong global demand for digitally native instruments providing exposure to established financial markets. The integration with a leading distribution channel like 360X means that Deutsche Börse clients can now access one of the most liquid ecosystems for tokenized financial instruments.”
Carlo Kölzer, CEO of 360X: “The listing of xStocks represents an important milestone for 360X and demonstrates how our regulated trading infrastructure delivers results in the market. As Deutsche Börse Group, we are pleased that this listing represents a key pillar of the group’s partnership with Kraken, establishing a strong foundation for trading institutional-grade tokenized securities and anticipating the continued convergence of digital assets and traditional capital markets.”
Advancing regulated market infrastructure through strategic partnership
Today’s announcement marks the first major milestone following the strategic partnership between Kraken and Deutsche Börse Group announced in December. Spanning exchange, custody, settlement and tokenization assets, the partnership aims to combine regulated market infrastructure with crypto-native expertise to unlock products and services that deliver holistic experiences for institutional clients.
“The integration of xStocks into the 360X ecosystem is a landmark example of how our partnership with Deutsche Börse translates into regulated and scalable solutions for a broader range of investors,” Greenberg said. “xStocks enables around-the-clock trading of established financial assets with instant settlement, opening up a wider range of use cases and utilities than those typically available in traditional equity markets.”
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