xStocks plans to launch rewards program

xStocks, a tokenized stock platform with ties to Kraken, plans to launch its xPoints rewards program for traders, liquidity providers, and DeFi builders who use its on-chain stock tokens, CoinDesk reported. The points may eventually be convertible into ecosystem rewards, such as governance tokens. CoinDesk noted that while xStocks has not officially announced plans for a token, the program could serve as a precursor to a potential launch.