XChange shares surge 12.24% premarket as Kraken launches blockchain trading engine for 70+ tokenized equities, accelerating TradFi-DeFi convergence.

Kraken's xChange surged 12.24% in premarket trading following the official launch of its on-chain trading engine for 70+ tokenized equities across Ethereum and Solana. The platform addresses liquidity fragmentation in real-world assets (RWA) by linking blockchain prices to traditional market data, supported by a strategic integration with 1inch’s Swap API to access deep liquidity pools. Kraken’s xStocks reported $3.5 billion in on-chain transaction volume and $25 billion in total trading volume since June 2025, underscoring the platform’s rapid adoption. Additionally, Kraken’s secured Federal Reserve payment access further validates its role in accelerating TradFi-DeFi convergence. These developments, combined with the platform’s institutional-grade atomic settlement and 24/5 trading capabilities, positioned xChange as a pivotal infrastructure advancement, driving immediate optimism in premarket activity.