what's xStocks?
xStocks is a platform for tokenized real-world assets, specifically providing ERC-20 representations of U.S. stocks and ETFs on the blockchain. Developed by Backed, it enables global investors to trade fractional shares of companies like Apple, Tesla, and Nvidia 24/7 without traditional market hours or intermediaries, leveraging Solana and Ethereum for DeFi integration. The tokens are fully backed 1:1 by underlying securities held in custody, ensuring redeemability and compliance. Users can transfer, stake, or use them in DeFi protocols, bridging traditional finance with crypto ecosystems. Launched in 2025, xStocks partners with exchanges like Bybit and Kraken to democratize access to equities, focusing on permissionless, borderless trading while maintaining regulatory standards through Swiss-based issuance.
xStocks launched stock perpetuals on SoneFi with ASTR collateral, also featured in a 300k+ user raffle.
Links
x.com/xstocksfiLaunched perpetual contracts for stocks on SoneFi, collateralized with ASTR from Astar Network.
Featured in One Wallet raffle within Gift Fest mini-app, attracting 300,000+ users to the raffle event.
Conference attendees at SolanaConf and Binance Blockchain Week report increased interest in onchain U.S. stocks on Solana, with many people investing in stocks on Solana for the first time, crediting xStocksFi for their work in this sector.
NVIDIA token generates ~$41k in 24-hour DEX volume compared to competitor Trade.xyz's NVIDIA perpetual at $1.4M, with equity perpetuals outperforming tokenized stocks due to novel leverage and easier onchain integration.
Wasabi reports TSLAx, NVDAx, and MSTRx as the week's top three traded tokens, showing strong trading activity for tokenized equities.
Backed partners with Chainlink to power xBridge using CCIP technology, enabling cross-chain transfers of 50+ tokenized stocks between Ethereum and Solana.
Kraken acquired Backed and the xStocks technology, with Kraken's Mark Greenberg speaking about the acquisition and the Krak app at Breakpoint conference.
Platform launches Xbridge for cross-chain stock bridging, xPort enabling institutions to deposit real-world stocks directly to mint tokenized versions, and Lore MAG-7 as an onchain basket ETF mirroring the Magnificent 7 stocks.
Tokenized equities from xStocks are now available on Mantle blockchain via Bybit, expanding distribution beyond the Solana ecosystem.
Tokenized stocks integrate with Kamino and Piggybank_fi money markets on Solana, enabling holders to use them as collateral for DeFi lending.
Platform launches onchain stock lending feature, with AAPLx depositors currently earning 18.82% APY.
TSLAx and NVDAx rank as the top two tokens traded on Wasabi platform this week, excluding major cryptocurrencies.
Kraken partners with Deutsche Borse to distribute xStocks tokenized equities through Eurex-listed derivatives, with phase one integrating 360T subsidiary for bank-grade FX liquidity.
Blockworks Research podcast episode discusses xStocks as part of Solana's 2026 catalysts, featuring dedicated segment titled "The Opportunity For xStocks" and covering Internet Capital Markets vision.
Platform holds over $200M in tokenized equities with 40k unique holders.
xStocks platform trading volume surpassed $10 billion total.
Kraken acquires Backed, the company issuing xStocks tokenized equities, to bring xStocks fully in-house and accelerate adoption of 24/7 tokenized stock markets across exchanges, wallets, and applications at global scale.
Partnership with Mantle, Bybit, and Backed brings top tokenized equities to Mantle network with 24/7 onchain access for millions of users.
Platform uses Chainlink infrastructure for market data, cross-chain interoperability, automated compliance, Swift connectivity, and digital transfer agency as an in-production permissionless tokenization use case.
Market expansion adds 9 tokenized tickers (NVDAx, TSLAx, AAPLx, METAx, GOOGLx, MSTRx, SPYx, QQQx, GLDx) on Solana, with Wasabi traders accounting for 13.4% of onchain volume across listed xStocks.
Tokenized stocks on Solana crossed $100M in 30-day volume, with traders shifting toward xStocks and Remora for equity-like exposure on the network.
Platform metrics show 92,000+ holders and $788M monthly transfer volume, with $176M distributed across 71 onchain RWAs and Solana leading network distribution at $125M+ (70%+ of total).
$TSLAX tokenized Tesla stock contract launches with accompanying $10,000 HTX trading competition running until November 26th.
EDEL (up 45% to $78M FDV) integrates as lending network partner on Base, enabling collateralization and borrowing of tokenized stocks.
Solana trades increased 400% from 7.46K to 37.50K on November 13.
The platform partners with Crypto Insights Group and announces merit-based Kraken Launch.
The platform reaches $10B in total trading volume milestone 4 months after launch.
xStocks partners with Bybit and BackedFi to launch tokenized equities on Mantle blockchain, offering assets like NVDAx, AAPLx, and MSTRx.
The platform uses Bebop's RFQ system for pricing and trading tokenized stocks through market makers, allowing 6-figure trades with minimal slippage.
Users can now withdraw and deposit tokenized equities through the Ethereum network for DeFi and self-custody use cases.
xStocks launches tokenized equities and ETFs on Telegram, expanding platform accessibility through the messaging app.
The platform reports 77,000 unique holders, significantly outpacing competitor Ondo Finance's 2,200 holders in user adoption metrics.
The tokenized US equities market consolidates to two players controlling nearly 100%: Ondo Finance (67%) and xStocks (30%+), with the overall market growing 4x in 60 days.
Kraken tokenizes stocks with xStocks in a collaboration between the major cryptocurrency exchange and the tokenized equity platform.
Falcon Finance adds xStocks tokenized equities (Tesla, Nvidia, S&P500) as accepted collateral for minting USDf stablecoin, creating yield opportunities for xStocks holders through the overcollateralized staking system.
xStocks records $82M in Q3 metrics, ranking third in the tokenized stocks sector behind Ondo Finance ($303M) and Securitize ($250M).
xStocks launches live integration with Telegram Wallet, enabling tokenized equity trading directly through Telegram's messaging platform.
xStocks integrates Chainlink standard as part of 17 new Chainlink integrations announced this week across 11 different chains.
xStocks hits $50M in 24-hour transaction volume milestone.
Rango announces xStocks as a new integration in Q3 2025, expanding access through their bridge aggregation platform.
xStocks expands Chainlink CCIP and Proof of Reserve integration across BNB Chain, Ethereum, and HyperEVM, enabling cross-chain transfers of tokenized equities with enhanced reserve transparency.
Kraken launches xStocks tokenized equities product, reporting $648M quarterly revenue with +50% QoQ growth and $179M adjusted EBITDA with +100% QoQ growth.
Solana xStocks reaches $100M in Assets Under Management (AUM).
Total supply hits $25M with holder count reaching 14k.
xStocks partners with TON Foundation, Kraken, and Backed to integrate DeFi tools into Telegram's ecosystem of 1B+ users.
The xStocks Summit event has been completed, spanning discussion of the full crypto to capital markets infrastructure stack.
An xStocks Summit event is 90% complete and approaching launch.
The project receives public recognition from a crypto industry participant as one of the infrastructure plays they're monitoring in tokenized equity orchestration.
Users can now borrow against their tokenized equities through Kamino integration.
New RWA market report indicates the entire tokenized equities sector is valued at under $500M.
Trust Wallet integration announced through three-way partnership with Kraken exchange.
Tokenized stocks officially launched with analytical observations from early stages now available.
Phantom wallet integration announced, enabling users to discover and trade tokenized stocks directly through the popular Solana wallet.
Tesla tokenized stock ($TSLAX) now available for long and short trading on dYdX exchange through Rage platform.
TRON blockchain integration announced with Kraken exchange partnership for tokenized equities expansion.
UniversalX integration enables cross-chain stock trading with full ownership and 24/7 access through Universal Accounts.
BackedFi partnership provides technological infrastructure, enabling integration with Kraken exchange.
Trading volume surpasses $2B with $100M+ DEX volume and 25,000 holders, indicating significant market adoption.
Platform reaches 10,756 holders for synthetic Tesla stock, with SP500 and NVIDIA following at 9,427 and 7,657 holders respectively.
Platform integrates MetaTrader 5 with 500x leverage and Expert Advisor support for automated trading strategies.
$100k yield farming campaign launches on Bybit for content creation around synthetic stocks and TradFi assets, ending in 4 days.
New synthetic stock trading platform launches with 24/7 access and USDT settlement, featuring unrestricted global access and plans for ETF/commodity expansion.
US tokenized stocks launching on Jupiter DEX with Raydium LP and Kamino lending integration.
Holders receive $1000+ in rewards within 2 weeks for holding $401k token, demonstrating active reward distribution from recently launched program.
Amber International launches as first Asia-based tokenized stock on Solana, adds AMBRx to platform lineup and serves as market maker.
New tokenized stocks dashboard launches on OpenOcean, enabling trading of $SPYx, $TSLAx, and $NVDAx through platform integration.
Tokenized US stocks $AAPLx and $TSLAx launching on BNB Chain through partnership with Kraken and BackedFi.
Bybit launches $100k reward program requiring social mentions over next month.
CRCLx tokenized stock surges 11% in 24 hours, leading all platform assets in gains.
New Bybit Spot listing for AMZNX token in partnership with xStocks
New tokenized Google stock (GOOGLX) lists on Bybit exchange.
Tokenized stocks now available on Kamino Finance, Titan Exchange, and Jupiter Exchange through Pyth Network EXPRESS RELAY.
Whale purchases 100k tokens on-chain, demonstrating active trading of tokenized stocks.
Trading volume drops 93% to $563k with 73.7% decrease in users during US market closure.
Tokenized stocks reach 40,000 total holders across all assets, indicating significant retail adoption.
Tokenized stocks achieve $20M+ trading volume in 4 days with $48.6M AUM, led by $SPYx at $7.6M volume and 10K+ holders.
Tokenized stocks trading expands to Raydium Protocol and Gate.io platforms.
Major exchanges Bybit and Kraken announce support, triggering significant volume surge across 10 actively traded stocks out of 61 supported assets.
OpenOcean Solana now offers tokenized stock trading with new assets including $SPYx and $TSLAx.
Upcoming perpetual futures version of tokenized US stocks in partnership with Robinhood, expanding product offering beyond spot trading.
All tokenized stocks operate under Swiss DLT Law compliance, providing regulatory clarity and legal framework for security token operations.
New integration allows Orca LP positions as collateral on Loopscale Labs, enabling borrowing while maintaining LP management.
Ourbit opens deposits for new asset $COINx alongside $NVDAx, $CRCLx, and $AAPLx, expanding available tokenized assets beyond initial launch offerings.
New Birdeye integration enables real-time RWA data and trading on Solana
Market makers maintain tight 60bps spreads while facing inventory shortages, with newly confirmed functionality allowing direct redemption of tokens for underlying share value through custodial backing.
Bybit partners with protocol to launch fully-backed tokenized U.S. stocks trading service.
Now available on Kraken exchange and Flash Trade platform for trading 55+ tokenized U.S. equities.
Platform launches with thousands of users trading six primary assets (TSLAx, SPYx, NVDAx, MSTRx, CRCLx, AAPLx) within first 24 hours, featuring integrations with Kamino Finance and PythNetwork's Express Relay.
Tokenized stocks integrate with Ranger DEX aggregator, featuring pre-launch trading incentives through upcoming points program.
Tokenized stocks now integrate with multiple Solana DeFi protocols (Jupiter, Kamino, Raydium, Real) and feature automatic dividend reinvestment mechanism that increases token balance instead of cash payouts.
Initial trading metrics show $1.5M on-chain volume across 61 launched assets, with 1,500 participants primarily trading 6 representative stocks.
Tokenized stocks now available on Bybit exchange and tracked in dedicated CoinGecko category, expanding market accessibility.
New consortium formed with Backed, featuring dedicated market makers maintaining price sync and guaranteed liquidity.
Tokenized equities launch on multiple major platforms: Kraken exchange support with 24/5 trading for 60 U.S. stocks, new Raydium liquidity pools, and Definitive trading integration.
Chainlink becomes official oracle infrastructure provider, implementing custom Data Streams for real-time pricing of 50+ tokenized equities and ETFs with sub-second latency and corporate action verification.
LP farming for US equities now available on Raydium Protocol
Integrates Pyth Network's Express Relay on Kamino Finance to provide on-chain liquidity for tokenized stocks including AAPL, NVDA, and META.
Platform expands to Bybit and Solana DeFi apps with 60 tokenized stocks including SPYx, NVDAx, and GOOGLx, enabling 24/7 trading.
Bybit launches tokenized stocks trading while Kamino adds lending and swap capabilities for the assets on Solana.
DeFi Development Corp. partners to tokenize its shares through Kraken using the platform, marking first corporate client for share tokenization.