Kraken’s xStocks are nothing short of a global phenomenon - with total transaction volumes reaching $25 billion in just 8 months.

The more important question is what that growth says about the future of market structure.

On the latest CFB Talks Digital Assets podcast, we explore the rise of Kraken xStocks with Mark Greenberg, Head of B2B at Payward Services / Kraken, and Thomas Erdösi, Head of Product at CF Benchmarks.

Topics covered include:

• How xStocks are gaining traction by combining equity exposure with crypto-native functionality, including 24/7 access, transferability, self-custody, and on-chain facilities
• How xStocks work: the mechanics behind 1:1 backing, price integrity, and the critical design choices needed to support tokenized stock exposure at scale
• The role of CF Benchmarks: regulated pricing methodology and calculation infrastructure
• How Kraken’s new partnership with Nasdaq paves the way for a regulated, permissioned U.S. pathway to tokenized equities, powered by the xStocks infrastructure - and what that means for issuance, settlement, and expanded market access

If you’re following the convergence of digital assets and traditional markets, this is a conversation you won’t want to miss!