CoinDesk Podcast Network How Kraken is Bringing Wall Street to Every App | Markets Outlook
Feb 27, 2026
Mark Greenberg, VP of xStocks at Kraken, leads the company’s tokenized equities push. He reveals a $20B volume milestone and how xStocks enables 24/7 fractional trading inside everyday apps. Conversation covers adding Hong Kong stocks, retail demand in Asia, liquidity and regulatory progress, and a simple in-app UX like buying Tesla in Telegram.
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xStocks Built As Embeddable Infrastructure
- Kraken's xStocks is infrastructure designed to be embedded widely so apps can offer tokenized equities without Kraken always being involved.
- Mark Greenberg announced $20 billion in tokenized equity volume and noted partners are embedding xStocks directly into apps like Telegram.
Chance Meeting Shows Silent Adoption
- Mark Greenberg ran into someone at Consensus who didn't realize xStocks was already in their app, showing organic adoption.
- He called that encounter the "coolest part" because partners embed xStocks without Kraken needing to operate the front end.
Multi Source Demand From Institutions And Micro Retail
- Demand for tokenized equities comes from multiple sources including institutional buyers and retail users wanting fractional exposure.
- xStocks already has 100+ partners and is available in places like Telegram and Bybit, enabling $5 purchases of Tesla or the S&P 500.