Overview
- Alpaca is integrating xStocks into its Instant Tokenization Network to offer real-time mint and redeem for institutions.
- The brokerage will source and custody the underlying equities on a one-to-one basis as Kraken’s preferred partner.
- Kraken agreed to acquire Backed Finance earlier in December to internalize issuance of tokenized stocks and ETFs.
- The companies say the setup streamlines connections between traditional and digital markets for clients outside the United States.
- xStocks is live in select non‑U.S. jurisdictions with more than $10 billion in combined trading volume reported since launch, and broader availability will depend on evolving rules.