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ToggleAs the real-world asset (RWA) sector continues to gain momentum, tokenized stocks are becoming one of the fastest-growing segments in the crypto market. According to reports, xStocks, a tokenized US stock platform affiliated with the well-known cryptocurrency exchange Kraken, has announced the upcoming launch of a rewards program called "xPoints," aimed at attracting more traders, liquidity providers, and DeFi developers to its ecosystem.
xPoints Points Program Details and Speculation on "Coin Issuance"
xStocks stated that the xPoints plan will track user activity across multiple supported trading platforms and an integrated network. Participants can continuously accumulate points by trading tokenized US stocks, providing liquidity, or applying these assets to decentralized finance (DeFi) protocols.
In the current cryptocurrency market, "points systems" have become a common marketing strategy for driving the early adoption of new platforms. Many projects, after accumulating a sufficient user base, typically convert these points into governance tokens or other tangible ecosystem rewards. Although xStocks has not yet officially announced any token issuance plans, the company has hinted that participants who accumulate points will receive "exclusive benefits linked to the platform's future" after the program ends, leaving ample room for speculation regarding airdrops or the launch of ecosystem tokens.
Tokenized US stocks surge, xStocks trading volume surpasses $25 billion.
The launch of this points program comes at a golden age for the tokenized stock sector, which is experiencing explosive growth. According to statistics from blockchain data platform RWA.xyz , the total value locked (TVL) in this sector has tripled in the past six months and has now officially surpassed the $1 billion mark.
As a key player in this field, xStocks has revealed that since its launch eight months ago, its tokenized stock product has expanded across multiple blockchain networks and processed an astonishing trading volume of over $25 billion. The launch of the points program is seen as a crucial step in maintaining this growth momentum, aligning the interests of long-term contributors with the development of the ecosystem.
Traditional financial giants enter the fray, with Nasdaq partnering with Kraken.
Not only are crypto-native platforms actively developing this technology, but traditional financial giants are also showing strong interest in tokenized stocks. Just earlier this week, the Nasdaq Stock Exchange announced plans to partner with Kraken to tokenize shares of publicly traded companies and distribute them to investors outside the United States. This series of moves demonstrates that exchange operators are accelerating the integration of blockchain infrastructure into real-world capital markets.
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