Kraken’s xStocks, which tokenizes real-world equities, is expanding its partnership with Alpaca. The acquisition follows recent announcement by the crypto exchange that it had agreed to acquire Backed...

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<p>Kraken’s xStocks, which tokenizes real-world equities, is expanding its partnership with Alpaca. The acquisition follows recent announcement by the crypto exchange that it had agreed to acquire Backed Finance, the firm behind the issuance of xStocks.</p>
<adv/><h1>Expanding Tokenized Equities</h1>
<p>Kraken named Alpaca as its preferred partner for sourcing and custodying the equities backing xStocks on a one-to-one basis. This agreement allows the API brokerage platform to integrate xStocks more deeply within its brokerage-as-a-service offering.</p>
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<p>Kraken x Alpaca just hit a new gear.<br/><br/>xStocks → first tokens on @AlpacaHQ’s ITN.<br/><br/>Two teams, one goal: make tokenized equities actually work at scale.<br/><br/>Info: https://t.co/sT4vgVZgOy</p>
— Kraken (@krakenfx) December 17, 2025</blockquote>
<p>According to the crypto exchange, the collaboration aims to streamline how digital and traditional markets connect, promising institutions faster and more transparent access to tokenized assets outside the United States.</p>
<p>[#highlighted-links#]</p>
<p>“xStocks is proving that tokenized equities aren’t a future concept. They’re a present reality scaling at record speed,” commented Mark Greenberg, Kraken Global Head of Consumer.</p>
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<div>Mark Greenberg, Source: LinkedIn</div>
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<p>“Deepening our partnership with Alpaca allows us to accelerate that trajectory and deliver an institutional-grade foundation that sets the standard for how real-world assets move across traditional and onchain rails.”</p>
<p>Since their mid-2025 debut, xStocks has reportedly processed more than $10 billion in combined trading volume across on-chain and centralized platforms, highlighting the growing appeal of tokenized real-world assets.</p>
<p>A major step in the partnership sees Alpaca incorporating xStocks into its Instant Tokenization Network. The integration will add real-time mint and redeem options for institutions, reducing liquidity frictions and setting higher standards for tokenization infrastructure.</p>
<h2>Market Leaders Eye Global Accessibility</h2>
<p>The partnership also reinforces both companies' joint commitment to open and compliant markets. xStocks remains available in select non-U.S. jurisdictions, though Kraken and Alpaca plan to expand access as regulatory frameworks evolve.</p>
<p>Early this month, Kraken agreed to acquire Backed Finance, the firm behind blockchain-based tokens that track real-world securities such as individual stocks and exchange-traded funds. The move is a part of the exchange’s intention to bring tokenized equities into its core trading offering as it positions itself ahead of a planned public listing in 2026.</p>
<p>Kraken already offered several Backed-issued tokenized stocks and ETFs on its platform, but the deal would bring issuance and trading into a single structure. That integration is expected to give Kraken control over product design, liquidity, and market access as tokenized assets gain traction.</p>

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Kraken Taps Alpaca for xStocks After Backed Finance Acquisition

Kraken旗下將現實世界股票代幣化的xStocks正在擴大與Alpaca的合作。此前不久，這家加密貨幣交易所剛剛宣佈已同意收購Backed...

<div><div><p>Kraken旗下將現實世界股票代幣化的xStocks正在擴大與Alpaca的合作。此前不久，這家加密貨幣交易所宣佈已同意收購Backed Finance，後者正是xStocks的發行方。</p><adv/><h1>擴大代幣化股權</h1><p>Kraken指定 Alpaca 為其首選合作伙伴，負責一對一地獲取和託管支持 xStocks 的股票。該協議使這家 API 經紀平臺能夠更深入地將 xStocks 集成到其經紀即服務產品中。</p><adv/><blockquote><p> Kraken x Alpaca 聯手打造全新力作。<br/><br/> xStocks → @AlpacaHQ 的 ITN 上的首批代幣。<br/><br/>兩個團隊，一個目標：讓代幣化股權真正實現規模化運作。<br/><br/>詳情：https://t.co/sT4vgVZgOy</p> - Kraken (@krakenfx) 2025 年 12 月 17 日</blockquote><p>據該加密貨幣交易所稱，此次合作旨在簡化數字市場和傳統市場之間的連接方式，承諾為美國以外的機構提供更快、更透明的代幣化資產訪問途徑。</p><p> [#highlighted-links#]</p><p> Kraken全球消費者業務主管馬克·格林伯格評論道：“xStocks正在證明，代幣化股票並非未來概念，而是正在以創紀錄的速度擴張的現實。”</p><div><br/><div><div>馬克·格林伯格，來源：領英</div></div></div><p>“深化與 Alpaca 的合作關係，使我們能夠加快這一進程，並提供機構級的基礎架構，為現實世界資產如何在傳統和鏈上渠道間流動樹立標準。”</p><p>據報道，自 2025 年年中推出以來，xStocks 在鏈上和中心化平臺上的交易量已累計超過 100 億美元，凸顯了代幣化現實世界資產日益增長的吸引力。</p><p>此次合作的一項重要進展是Alpaca將xStocks整合到其即時代幣化網絡中。此次整合將為機構用戶提供實時增發和贖回選項，從而降低流動性摩擦，併為代幣化基礎設施樹立更高標準。</p><h2>市場領導者關注全球可及性</h2><p>此次合作也進一步鞏固了兩家公司對開放合規市場的共同承諾。xStocks目前仍在部分非美國地區提供服務，但隨著監管框架的完善， Kraken和Alpaca計劃擴大其服務範圍。</p><p>本月初， Kraken同意收購Backed Finance，後者是一家開發基於區塊鏈的代幣的公司，這些代幣可以追蹤現實世界中的證券，例如個股和交易所交易基金（ETF）。此舉是Kraken交易所計劃將代幣化股票納入其核心交易產品的一部分，旨在為其2026年計劃中的公開上市做好準備。</p><p> Kraken平臺此前已提供多種由擔保發行的代幣化股票和 ETF，但此次交易將把發行和交易整合到一個統一的架構中。隨著代幣化資產的普及，預計此次整合將使Kraken能夠更好地掌控產品設計、流動性和市場準入。</p></div></div>

Kraken在獲得融資收購後，與 Alpaca 合作推出 xStocks

加密貨幣分析師 DeFi Investor 分享了他本週的關注列表，列出了他將在新的一週中密切關注的競爭幣和山寨幣項目。
分析師的清單重點關注可能產生影響的話題……

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