Introducing xPoints

The xPoints Program is launching soon. It is the newest initiative designed to recognize and reward the community actively building, trading, integrating, and scaling xStocks across onchain ecosystems.

From traders and liquidity providers to developers and DeFi protocols, xPoints is designed to align participants driving the growth of tokenized equities and the broader onchain capital markets ecosystem.

Last year, xStocks pioneered tokenized equities on Solana, before expanding to EVM chains, sparking the rapid growth of traditional assets in the onchain economy, now a billion-dollar market. What began as experimentation is quickly becoming foundational infrastructure for global markets. Tokenization has moved from concept to reality.

At the same time, deeper DeFi integrations and the deployment of institutional-grade liquidity onchain have transformed tokenized equities from simple access into real financial utility. Traders can now interact with equities using tools and strategies previously limited to institutional markets.

The xPoints Program is the next step. It introduces incentives designed to align the users, builders, and liquidity providers driving the growth of tokenized equities.

As the ecosystem grows, the community helping build it should grow with it.

What it means

As tokenized equities evolve toward global financial infrastructure, xStocks is building  a more aligned, community-driven model for ecosystem growth. The xPoints Program will reward meaningful engagement across the xStocks ecosystem, recognizing the participants helping expand onchain capital markets.

In the coming weeks, additional details on how points are earned and tracked will be shared on official xStocks channels.

“This is about recognizing the community that’s helping build the foundation of onchain capital markets,” said Val Gui, General Manager of xStocks. “Over the past year, we’ve seen extraordinary growth in tokenized equities. The next phase is about alignment — bringing traders, liquidity providers, builders, and long-term contributors closer to the ecosystem they’re helping scale. The xPoints Program is the beginning of that evolution.”

The future of capital markets is onchain. The next phase is coming.

xStocks are issued by Backed Assets (JE) Limited (a Jersey private limited company) and offered to eligible Kraken customers via Payward Digital Solutions Ltd. (“PDSL”), a company licensed to conduct digital asset business by the Bermuda Monetary Authority. In the European Union / European Economic Area, xStocks are offered to eligible customers via Payward Europe Digital Solutions (CY) Ltd. (“PEDLS-CY”), a Cyprus investment firm authorized and regulated under EU MiFID II. xStocks are not registered under the U.S. Securities Act and are not available in the United States or to U.S. persons. xStocks are also not currently available in the United Kingdom or in any other jurisdiction where their offer or distribution would be unlawful or would require regulatory authorization that has not been obtained. Neither PDSL, Payward Europe Digital Solutions (CY) Ltd. (“PEDLS-CY”), nor their respective affiliates provide investment advice or recommendations, PDSL (Kraken) does not provide investment advice and/or recommendations, and no communication, through any Kraken App or website or otherwise, should be construed as such. Individual investors should make their own decisions or seek professional independent advice if they are unsure as to the suitability / appropriateness of any investment for their circumstances or needs, including potential tax treatment. Investing in xStocks involves an element of risk. The value of an investment may go down as well as up, and past performance is not a reliable indicator of future results. Geo restrictions apply. Read Kraken’s xStocks Risk Disclosure at kraken.com/legal/xstocks as well as the Base Prospectus and related Final Terms for xStocks at https://assets.backed.fi/legal-documentation to learn more.