Kraken and Alpaca have enhanced their collaboration to promote the global adoption of xStocks. Under the new agreement, Alpaca will become the preferred platform for trading and custody of xStocks' underlying assets, facilitating 1:1 stock transactions. This partnership also integrates xStocks with Alpaca's real-time tokenization network, streamlining issuance and redemption processes for institutional clients. Since its launch in June 2025, xStocks has achieved over $10 billion in trading volume, and this expansion aims to bring crypto-based stock trading to a broader market.