X Layer adds $32 million in tokenized stock market cap in one week

The X Layer blockchain, an Ethereum layer 2 developed by OKX, has experienced rapid growth in its tokenized stock market, adding $32 million in market capitalization over a single week in late October 2026. Since launching tokenized equities on June 15, 2026, through a partnership with xStocks, the network has grown from zero to an estimated $259 million to $304 million in assets under management. These tokens function as 1:1-backed tracker certificates, providing investors with economic exposure to traditional equities without requiring a standard brokerage account. The broader xStocks ecosystem has reached a $1 billion market cap, with X Layer capturing a significant portion of this volume. Cumulative trading volume for these tokenized assets has reached $2 billion, largely facilitated through decentralized exchanges like Uniswap. Looking ahead, a joint venture between OKX and the Intercontinental Exchange (ICE) has filed with the SEC to list 63 tokenized US stocks for 24/7 trading. This development, alongside upcoming permissioned Uniswap V4 pools, signals a potential shift toward regulated, round-the-clock equity trading on-chain.