Kraken’s Tokenized Stock Platform XStocks Smashes $10B Barrier – Traders Flock to Crypto-Equity Hybrid
Wall Street meets blockchain as Kraken's XStocks hits a staggering $10 billion in tokenized equity volume. The platform's explosive growth signals a seismic shift in how investors want exposure to traditional assets—just don't call it 'your grandpa's stock market.'
Why settle for slow settlements when you can trade Tesla or Apple shares 24/7? XStocks now processes more daily volume than some mid-tier national exchanges, proving that even traditionalists are warming to crypto's efficiency.
Cynical take: Guess Wall Street finally found something more profitable than selling overpriced ETFs to retail investors.
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During Wednesday’s regular trading session, the three major indexes closed mixed as investors shifted toward value stocks such as healthcare. The Dow Jones crossed the 48,000 mark for the first time, gaining 0.68%. The S&P 500 added 0.06%, while the Nasdaq slipped 0.26%.
Late Wednesday, President Trump signed the funding bill after both the House and Senate passed it, with the House voting 222–209. Federal employees were instructed to return to work on Thursday. Markets reacted positively, relieved by the resolution of a major source of uncertainty that had weighed on sentiment in recent weeks.
Due to the extended shutdown, key economic reports, including the jobs data and the Consumer Price Index (CPI) report scheduled for today, remain delayed.
On the earnings front, Walt Disney (DIS), Applied Materials (AMAT), JD.com (JD), and Virgin Galactic (SPCE) will release their results today.
Notably, the U.S. 10-year Treasury yield was up, floating NEAR 4.08%. WTI crude oil futures were trending lower, hovering near $58.36 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price increased to nearly $4,236 per ounce on Thursday.
Elsewhere, in Europe, markets opened higher on Thursday amid Optimism over the end of the U.S. government shutdown and a busy day of earnings announcements.
Asia-Pacific Markets Traded Higher
Asia-Pacific markets also traded higher on Thursday, following news that U.S. President had signed the funding bill into law, ending the prolonged federal government shutdown.
Hong Kong’s Hang Seng index ROSE 0.56%. In China, the Shanghai Composite gained 0.73%, while the Shenzhen Component advanced 1.76%. Meanwhile, Japan’s Nikkei added 0.43%, and the Topix rose 0.67%.
