Kraken Showcases xStocks Growth and Focus at EthCC Conference

Kraken's xStocks platform has been making waves in the cryptocurrency space since its acquisition by the company. With over 100 tokenized stocks and ETFs available, it has surpassed $25 billion in total transaction volume, cementing its position as the world's largest provider of tokenized equities.

At the EthCC conference, Kraken's General Manager of xStocks, Val Gui, took to the main stage to discuss the future of onchain capital markets. In his talk, 'Don't Build Trading Venues. Build Onchain Capital Markets', he highlighted the difference between traditional exchange models and a genuinely open, programmable capital markets layer.

The hackathon held during the event saw 17 teams compete to build innovative projects within a tight timeframe of 55 hours. The top three winners were xPrime, Stretch by Spreads, and xStream, with a $10,000 discretionary prize awarded to Paragon, Castar/Aura, and Otomato.

Kraken also hosted several side events during the conference, including the Ink event 'Proof of Liquidity', which drew around 250 people for a focused conversation on liquidity infrastructure. These intimate gatherings reflected different corners of what Kraken is building and provided a platform for meaningful discussions that don't typically happen on main stages.