Deutsche Börse Enables Round-the-Clock Trading of Tokenized Stocks

Deutsche Börse Group is expanding its offerings to include tokenized securities: Through the 360X trading platform, customers and connected participants can now trade five different xStocks, including tokenized shares of Tesla, Nvidia, and Google, as well as an ETF ^[1].

The xStocks are based on a standard for tokenized stocks and ETFs developed by Kraken. Each token is backed 1:1 by the underlying security and held in bankruptcy-protected custody at a licensed custodian ^[1]. The key advantage over traditional stocks: the tokenized securities can be traded around the clock ^[1].

Trading is conducted against stablecoins. Since their market launch in May 2025, xStocks have already achieved a cumulative trading volume of nearly $20 billion ^[1]. The listing on 360X marks the first major milestone of the strategic partnership between Kraken and Deutsche Börse Group announced in December ^[1].

The platform plans to gradually expand its range of tokenized securities, thereby broadening institutional access to this new investment instrument ^[1].