KRAQ Tokenised Stock (xStock) PriceKRAQXInactive

What is KRAQ Tokenised Stock (xStock) (KRAQX)?

KRAQ Tokenised Stock (xStock) (KRAQX) is a tokenised equity product issued within the xStocks network, the leading platform for onchain tokenised equities. xStocks are issued by Backed Assets (JE) Limited, now part of the Kraken group, and represent fractional shares of real-world stocks and ETFs. Each token is designed as a 1:1 or SPV-backed representation of the underlying equity, providing global users with price exposure without requiring a traditional brokerage account. KRAQX belongs to the Tokenised Stock asset class and carries category tags including Tokenised Assets and Tokenised Stock. The token operates on public blockchain infrastructure, with Solana SPL as the primary chain and Ethereum, Polygon, and BNB referenced as expansion targets. The broader xStocks network has facilitated over $25 billion in total transaction volume, integrated with more than 50 platforms, and accounts for 8 of the top 11 tokenised equities by unique holders. The product lineup spans over 100 stocks and ETFs, positioning KRAQX within a rapidly scaling tokenised equity ecosystem.

Key Specifications & Tokenomics

• Name: KRAQ Tokenised Stock (xStock)
• Ticker / Symbol: KRAQX
• CoinMarketCap ID: 39694
• Asset Class: Tokenised Stock / Tokenised Equity (xStock)
• Category Tags: Tokenised Assets, Tokenised Stock
• Issuer: Backed Assets (JE) Limited, part of the Kraken group
• Backing Model: 1:1 backed by the underlying equity or SPV-backed
• Primary Chain: Solana (SPL)
• Expansion Chains: Ethereum, Polygon, BNB
• Official Website: https://xstocks.fi/

Who created KRAQ Tokenised Stock (xStock)?

KRAQ Tokenised Stock (xStock) is issued by Backed Assets (JE) Limited, which is now part of the Kraken group. The underlying xStocks framework was developed by Backed Finance AG, a Swiss-regulated entity that holds underlying shares in bankruptcy-remote special purpose vehicles (SPVs). The xStocks network operates as the leading network of tokenised equities, with Backed serving as the issuance layer. The project has garnered support and integration from major industry organisations including Kraken, ByBit, the Solana Foundation, Jupiter, Alpaca, Alchemy Pay, and Talos. Mark Greenberg, Chief Commercial Officer at Kraken, has publicly commented on xStocks' growth, stating that tokenised equities are a present reality scaling at record speed.

How does KRAQ Tokenised Stock (xStock) work?

KRAQ Tokenised Stock (xStock) functions as a tokenised representation of a real-world equity within the xStocks network. Each token is backed 1:1 by the underlying equity, with the actual shares held in bankruptcy-remote SPVs managed by Backed Finance AG. This structure provides token holders with price exposure to the underlying stock without requiring a traditional brokerage account. The tokens live on public blockchains, primarily Solana SPL, and are designed for cross-chain mobility. Transactions settle immediately onchain, operating 24/7 rather than being limited to traditional market hours. Token holders can swap, lend, or use their tokens as collateral within DeFi protocols, enabling composability with onchain financial applications. The xStocks framework emphasises unified crypto and equity liquidity, onchain wallet-compatible custody, and permissionless DeFi use.

What makes KRAQ Tokenised Stock (xStock) unique and valuable?

KRAQ Tokenised Stock (xStock) derives its unique value from the xStocks framework's core differentiators. Unlike traditional brokerages with limited trading hours and T+1 settlement, xStocks offer 24/7 onchain trading with immediate settlement. Custody is onchain and wallet-compatible rather than broker-controlled, giving users direct control over their assets. The tokens provide unified crypto and equity liquidity within a single portfolio structure, eliminating the need for separate accounts. Interoperability is multi-chain, contrasting with the siloed nature of traditional financial rails. The xStocks network has achieved significant market validation, with $25 billion in total transaction volume and integration across more than 50 platforms. The network accounts for 8 of the top 11 tokenised equities by unique holders, demonstrating strong adoption. The product lineup includes over 100 stocks and ETFs, making it a comprehensive tokenised equity layer for the onchain economy.

What is KRAQ Tokenised Stock (xStock) used for?

KRAQ Tokenised Stock (xStock) serves multiple functions within the onchain economy. Primarily, it provides price exposure to the underlying equity, allowing users to gain exposure to traditional stock performance without a brokerage account. The token can be traded 24/7 onchain, enabling continuous market participation beyond traditional market hours. Within DeFi, KRAQX can be used as collateral for loans or other decentralised finance applications, as demonstrated by integrations such as the INX and Backed collaboration on Polygon. The token can be swapped, lent, or used as collateral inside DeFi protocols. It also serves as a composable asset for portfolio construction, allowing users to hold both crypto and tokenised equities in a unified wallet. The xStocks network positions these tokens as a means to unify capital markets across chains, venues, and user types.

How Is the KRAQ Tokenised Stock (xStock) ecosystem developing?

The xStocks ecosystem, within which KRAQ Tokenised Stock (xStock) operates, is developing rapidly across multiple fronts. As of the latest available information, the network has facilitated over $25 billion in total transaction volume and integrated with more than 50 platforms. The product lineup has expanded to over 100 stocks and ETFs. Major milestones include INX and Backed expanding onchain tokenised stock trading with new listings on Polygon in September 2024, enabling DeFi collateral use. In June 2026, Bitso published a guide to investing in tokenised stocks. In August 2026, Coinbase entered the tokenised stock market with Tokenised Stocks going live on Base using the new B20 standard. In September 2026, Silhouette and xStocks launched RFQ trading for tokenised equities on Hyperliquid. Talos now supports xStocks Tokenised Equities. The xStocks network continues to position itself as an integration layer for platforms seeking to offer 24/7 global market access and cross-chain mobility.

How to mine KRAQ Tokenised Stock (xStock)?

KRAQ Tokenised Stock (xStock) is not a mineable cryptocurrency. As a tokenised equity product issued within the xStocks framework, it is backed 1:1 by underlying real-world equities held in SPVs by Backed Assets (JE) Limited. There is no mining mechanism, proof-of-work consensus, or staking protocol associated with the issuance or distribution of KRAQX tokens. The tokens are created through a minting process tied to the acquisition of the underlying equity, and redemption is available through the issuer's framework. Users acquire KRAQX through supported platforms and exchanges within the xStocks network rather than through mining activities. The value of the token is derived from the performance of the underlying equity it represents, not from mining rewards or staking yields.

How to keep your KRAQ Tokenised Stock (xStock) Coin safe?

Keeping KRAQ Tokenised Stock (xStock) safe requires adherence to standard cryptocurrency security practices combined with an understanding of the token's specific characteristics. Since xStocks operate on public blockchains with onchain, wallet-compatible custody, users should store their tokens in a secure, non-custodial wallet that supports Solana SPL tokens and any expansion chains. Private keys and seed phrases should be kept offline and never shared. Given the token's DeFi composability, users should exercise caution when using KRAQX as collateral or in lending protocols, carefully reviewing smart contract risks. The issuer holds underlying shares in bankruptcy-remote SPVs, which provides a layer of structural protection, but token holders should still verify the authenticity of any platform or contract before interacting. Enabling two-factor authentication on any associated exchange accounts and maintaining awareness of phishing attempts are essential precautions. Regular security audits of wallet software and staying informed about network upgrades further enhance safety.