#xStocks

48 articles tagged #xStocks — curated RWA tokenization coverage.

#RWA#TokenizedEquities#TokenizedStocks#Kraken#Solana#Bybit#SpaceX#DeFi#Ondo Finance#Hyperliquid
xStocks dominates tokenized stock deposits into DeFi with 58% share
Stocks

xStocks dominates tokenized stock deposits into DeFi with 58% share

The Solana-based platform xStocks, developed by Backed Finance, has emerged as the dominant force in the tokenized equities market, capturing 58% of all tokenized stock deposits within decentralized finance. Since its launch in June 2025, the platform has scaled to over 700 assets, with onchain holdings reaching approximately $225 million by early 2026. xStocks currently controls 86.5% of the $23.1 million total value locked in tokenized-stock lending markets. This dominance is largely driven by deep integrations with Solana-native protocols like Kamino, which accounts for 82.6% of the sector's lending TVL, and Raydium for liquidity provision. Cumulative transaction volume across centralized and decentralized exchanges has surpassed $35 billion as of mid-2026, highlighting significant market appetite for onchain equity exposure. By allowing users to utilize tokenized stocks as collateral for stablecoin loans or liquidity provision, xStocks has successfully integrated traditional assets into the DeFi utility loop. This concentration of market share underscores the growing importance of high-liquidity, Solana-native infrastructure for institutional-grade RWA adoption.

#Solana#TokenizedStocks#xStocks
cryptobriefing.com·Aug 17, 20267.5
Mantle (MNT) Pushes Toward Key Resistance as RWA Value Tops $210 Million
Active Strategies

Mantle (MNT) Pushes Toward Key Resistance as RWA Value Tops $210 Million

The Mantle network has reached a total real-world asset (RWA) value of $210.14 million as of August 11, 2026, marking significant growth from minimal levels in early 2025. This ecosystem expansion is characterized by a diversified portfolio, with $118.56 million in active strategies, $53.55 million in asset-backed credit, and $29.06 million in U.S. Treasury debt. Furthermore, 96% of the network's RWA value is currently held in yield-bearing assets, signaling a shift toward more complex financial products beyond simple Treasury-backed models. Mantle has also integrated xStocks to provide on-chain access to major equities like NVIDIA, Tesla, and Apple, offering 24/7 trading capabilities. While these fundamental developments provide a strong narrative for the network, the MNT token is currently facing technical resistance near the $0.465 price level. The convergence of institutional-grade RWA adoption and technical market performance highlights the ongoing challenge of translating ecosystem utility into sustained price momentum. This growth trajectory underscores Mantle's strategic pivot toward becoming a multi-asset RWA hub rather than relying on a single asset class.

#RWA#TokenizedStocks#xStocks
captainaltcoin.com·Aug 13, 20266.5
Hyperliquid (HYPE) Shows Strength as Major Whale Buys $7.29M and xStocks Platform Debuts
Stocks

Hyperliquid (HYPE) Shows Strength as Major Whale Buys $7.29M and xStocks Platform Debuts

Hyperliquid has launched the xStocks platform, marking a significant expansion into the tokenization of traditional financial assets. The platform utilizes HyperCore infrastructure to offer 24/7 trading for five initial tokenized equities and ETFs, specifically selected based on high open interest within HIP-3 perpetual futures markets. This integration allows cryptocurrency traders to access traditional market exposure outside of conventional trading hours by leveraging Hyperliquid's existing derivatives ecosystem. Alongside this product launch, the protocol continues to demonstrate strong economic activity, having burned 47.62 million HYPE tokens, representing 4.76% of the total supply. Recent market data shows a $7.29 million whale acquisition of HYPE, signaling institutional or high-net-worth conviction in the platform's growth. The protocol generated $1.45 million in fee revenue within a 24-hour period, further highlighting the platform's utilization. These developments collectively underscore a strategic shift toward bridging decentralized derivatives infrastructure with real-world equity markets.

#RWA#TokenizedEquities#Hyperliquid
Blockonomi·Aug 12, 20266.5
Bybit Dual Asset Integrates Four New xStocks, Expanding Use Cases for Tokenized Equities on Bybit
Stocks

Bybit Dual Asset Integrates Four New xStocks, Expanding Use Cases for Tokenized Equities on Bybit

Bybit has expanded its xStocks Dual Asset offering by adding four new tokenized equities: METAx, TSLAx, HOODx, and CRCLx. This update increases the total number of available tokenized stock pairs on the platform to ten, catering to growing user demand for structured yield products tied to traditional market assets. The new additions cover diverse sectors including artificial intelligence, electric vehicles, fintech, and stablecoins, allowing users to build more varied yield strategies. Since the initial integration of xStocks into the Dual Asset product, Bybit has observed significant interest, with NVIDIA and SpaceX assets leading in user demand and trading volume respectively. Bybit remains the first centralized exchange to utilize tokenized stocks as underlying assets for this specific type of structured yield product. This expansion highlights the ongoing trend of integrating traditional equity exposure into crypto-native investment mechanisms. As the RWA market matures, such offerings provide investors with on-chain access to Wall Street assets, bridging the gap between centralized exchange infrastructure and traditional financial instruments.

#TokenizedEquities#xStocks#Bybit
newswire.ca·Aug 7, 20265.5
Broadridge and Payward Services Collaborate to Give xStocks Holders a Voice in Corporate Governance
Stocks

Broadridge and Payward Services Collaborate to Give xStocks Holders a Voice in Corporate Governance

Broadridge Financial Solutions and Payward Services have partnered to integrate Broadridge’s unified governance platform with xStocks, a leading tokenized equities framework. This collaboration allows eligible holders of xStocks to participate in corporate governance by submitting proxy voting preferences for their underlying shares. By utilizing Web3 authentication to access ProxyVote.com, investors can now review materials and vote on corporate matters, effectively bridging the gap between blockchain-native assets and traditional shareholder rights. Payward Services currently supports over 500 tokenized assets, including equities, ETFs, and pre-IPO offerings, with plans to expand into international markets. As xStocks continues to grow, this integration ensures that tokenized equity holders receive the same governance capabilities expected in traditional capital markets. This development is significant for the RWA market as it addresses a critical barrier to institutional adoption by standardizing shareholder communication for on-chain securities. The partnership leverages Broadridge’s established infrastructure, which already processes trillions in daily securities trading, to bring institutional-grade governance to the evolving tokenized ecosystem.

#TokenizedEquities#Broadridge#xStocks
tradingview.com·Aug 5, 20268.0
Solana’s Next Big Fight: Winning the Race for Tokenized Stocks and Perpetual Futures
Stocks

Solana’s Next Big Fight: Winning the Race for Tokenized Stocks and Perpetual Futures

Kraken has officially launched xStocks, a new product offering tokenized U.S. equities that are backed 1:1 by the underlying assets. This initiative allows institutional partners to integrate spot and futures trading of these tokenized stocks directly into their platforms via APIs. By bridging traditional equity markets with blockchain infrastructure, Kraken aims to satisfy growing investor demand for diversified asset classes beyond standard cryptocurrencies. The move reflects a broader industry trend where major exchanges are expanding their product suites to include regulated real-world assets. While the market for tokenized stocks remains in its early stages, such offerings provide a pathway for increased liquidity and accessibility for global traders. This development highlights the ongoing convergence between centralized exchange infrastructure and the tokenization of traditional financial instruments. As Kraken positions xStocks as a core asset class, it underscores the strategic importance of offering regulated, asset-backed tokens to maintain competitive relevance in the evolving digital finance landscape.

#RWA#TokenizedStocks#xStocks
crypto-economy.com·Aug 3, 20267.5
XStocks Crosses $600 Million Milestone In Tokenized Equities And Related Assets
Stocks

XStocks Crosses $600 Million Milestone In Tokenized Equities And Related Assets

The xStocks platform has officially surpassed $600 million in assets under management, marking a significant milestone for the tokenization of traditional equities and ETFs. This growth is supported by a network of over 150 partners that have integrated the platform's digital assets into various trading venues, wallets, and decentralized applications. The platform has achieved a cumulative trading volume exceeding $35 billion, with a user base of more than 180,000 individuals spanning 110 countries. By issuing tokens that track US equities on a one-to-one basis, xStocks provides fractional ownership and near-instant settlement, effectively bypassing the limitations of traditional market hours and multi-day clearing cycles. These tokens are fully collateralized by real-world securities held in regulated custody, ensuring economic exposure for non-US participants. The expansion of this ecosystem highlights the transition of RWA tokenization from experimental pilots to high-volume, multi-chain financial infrastructure. This development underscores the increasing demand for borderless, blockchain-based access to conventional financial instruments, signaling a maturing bridge between capital markets and digital ledgers.

#RWA#TokenizedEquities#xStocks
crowdfundinsider.com·Aug 1, 20267.5
Bitget Wallet Card Turns Cashback Into Bitcoin, Gold and Tokenized Stocks
Stocks

Bitget Wallet Card Turns Cashback Into Bitcoin, Gold and Tokenized Stocks

Bitget Wallet has launched Assetback, a cashback program that allows users to receive rewards in Bitcoin, gold, or tokenized U.S. stocks and ETFs instead of traditional fiat currency. By utilizing the xStocks framework, the program enables users to earn fractional ownership of assets like NVIDIA, Tesla, and the S&P 500 directly through their Bitget Wallet Card. This initiative integrates dollar-cost averaging into everyday spending, allowing users to accumulate investment assets automatically with every eligible purchase. The feature is available in over 50 markets and supports up to 3% cashback on transactions processed via Visa and Mastercard networks. This development marks a shift in consumer finance by moving beyond traditional loyalty points toward automated, long-term wealth accumulation through tokenized real-world assets. The launch occurs as crypto card payment volumes continue to grow, with sector-wide monthly volume reaching $656 million in May 2026. By bridging the gap between daily spending and digital asset ownership, Bitget Wallet aims to increase the utility of tokenized equities beyond institutional trading environments.

#RWA#TokenizedStocks#xStocks
globenewswire.com·Aug 1, 20267.5
OKX to list Unified Tokenized Stocks XHIMS, XGME and more for spot trading
Stocks

OKX to list Unified Tokenized Stocks XHIMS, XGME and more for spot trading

OKX has launched Unified Tokenized Stocks, a new product allowing users to trade price exposure to major stocks and ETFs on its spot market. These assets, identified by an 'X' prefix such as XAAPL or XTSLA, are powered by the xStocks framework developed by Payward. The tokens are supported on the Solana and X Layer blockchains, enabling 24/7 trading with USDT pairs regardless of traditional market hours. By consolidating tokenized versions from multiple providers into single order books, OKX aims to streamline liquidity and simplify the user experience. The product allows for automated trading via grid and DCA bots, with dividends automatically reinvested into user balances. While these tokens provide price exposure, they do not confer actual shareholder rights or ownership of the underlying companies. This development represents a significant step in integrating traditional equity price exposure into the crypto-native trading environment, bypassing the need for traditional brokerage accounts.

#Solana#TokenizedStocks#xStocks
okx.com·Jul 29, 20267.5
Kraken Parent Takes Tokenized Stocks Beyond US Markets
Stocks

Kraken Parent Takes Tokenized Stocks Beyond US Markets

Payward, the parent company of Kraken, is expanding its xStocks tokenized equity platform beyond U.S. markets through a new partnership with investment infrastructure provider GTN. The initiative aims to introduce Hong Kong-listed shares, with potential future expansion into British, European, and South Korean equities. The xStocks framework currently offers over 500 securities and has processed more than $35 billion in volume, serving nearly 200,000 holders. By leveraging GTN’s access to over 90 global markets, Payward intends to bring international capital markets on-chain to facilitate faster settlement and 24/7 trading. This move reflects a broader industry trend where crypto firms and traditional financial institutions are racing to tokenize global equities. While the platform currently relies on third-party issuers to hold underlying assets, the expansion highlights the growing demand for blockchain-based access to international stocks, particularly those in the AI supply chain. Each market entry remains subject to local regulatory approvals, marking a significant step in the institutionalization of tokenized securities.

#TokenizedStocks#xStocks#Kraken
tronweekly.com·Jul 28, 20267.5
Bybit Brings Tokenized Stocks to Dual Asset, Offering Fixed Returns on SpaceX, Nvidia, Apple and More
Stocks

Bybit Brings Tokenized Stocks to Dual Asset, Offering Fixed Returns on SpaceX, Nvidia, Apple and More

Bybit has integrated tokenized equities, known as xStocks, into its Dual Asset structured yield product, marking the first time a centralized exchange has offered such functionality. The initial rollout features six assets, including SpaceX, Nvidia, Apple, Alphabet, Coinbase, and Amazon, allowing users to generate yield based on their directional price views. This development highlights the growing convergence between traditional equity markets and decentralized finance infrastructure, catering to crypto-native investors interested in AI, tech, and space exploration. The broader RWA market has seen significant growth, with total value reaching approximately $34.97 billion and tokenized stocks accounting for $1.94 billion. Bybit's move provides a mechanism for investors to earn yield while waiting for specific entry or exit prices, rather than relying solely on spot market purchases. While this offers new utility, the exchange emphasizes that these are non-principal-protected products carrying inherent market risks. This expansion reflects a competitive landscape where exchanges are increasingly vying to capture investor interest in tokenized traditional assets through diverse financial instruments.

#RWA#TokenizedStocks#xStocks
finance.biggo.com·Jul 26, 20267.5
Is Nasdaq's Partnership with Kraken a Game-Changer for Tokenized Stocks - Kavout
Stocks

Is Nasdaq's Partnership with Kraken a Game-Changer for Tokenized Stocks - Kavout

Nasdaq, Inc. has announced a strategic partnership with Kraken to develop and distribute tokenized equities, with a planned launch in the first half of 2027. This initiative leverages Kraken’s xStocks framework to provide international investors with one-to-one tokenized versions of public company shares, ensuring full legal and regulatory equivalence to traditional holdings. The collaboration aims to modernize financial processes such as proxy voting and shareholder engagement by embedding programmable features directly into the assets. By utilizing Kraken’s existing infrastructure, which has already processed over $20 billion in cumulative trading volume since June 2025, the partnership seeks to bridge the gap between traditional capital markets and decentralized finance. This move builds upon Nasdaq’s previous SEC proposals to integrate tokenized assets with Depository Trust infrastructure. The project is designed to operate within regulated frameworks, utilizing Alpaca for brokerage and custody services while maintaining strict KYC and AML compliance. This institutional endorsement is significant as the global RWA market is projected to reach $9.43 trillion by 2030, driven by increased demand for fractional ownership and enhanced market efficiency.

#RWA#TokenizedStocks#xStocks
kavout.com·Jul 25, 20269.0
Kraken parent expands tokenized stocks to Hong Kong, UK and South Korea equities
Stocks

Kraken parent expands tokenized stocks to Hong Kong, UK and South Korea equities

Payward, the parent company of Kraken, is expanding its xStocks tokenized equity platform to include international markets beyond the United States. Through a strategic partnership with investment infrastructure provider GTN, the firm plans to offer Hong Kong-listed stocks, with U.K., European, and South Korean equities expected to follow pending regulatory approval. This expansion aims to capture global demand for onchain access to diverse equities, particularly Asian firms involved in the AI supply chain. Since its inception last year, xStocks has supported over 500 tokenized securities, facilitating more than $35 billion in trading volume for nearly 200,000 holders. The initiative highlights a broader industry shift as crypto firms and traditional financial institutions race to bring global stock trading onchain to improve settlement speeds and market efficiency. By leveraging GTN’s connectivity to over 90 global markets, Payward seeks to move beyond the current focus on U.S.-centric assets. This development underscores the growing institutional conviction that tokenization will fundamentally upgrade capital markets, with Citi projecting a $5.5 trillion market for tokenized securities by 2030.

#TokenizedStocks#xStocks#Kraken
CoinDesk·Jul 22, 20268.0
Kraken Partners With Nasdaq To Build Tokenized Equity Gateway
Stocks

Kraken Partners With Nasdaq To Build Tokenized Equity Gateway

Payward, the parent company of Kraken, has entered a strategic partnership with Nasdaq to develop an equities transformation gateway designed to bridge regulated tokenized equity markets with permissionless blockchain networks. This infrastructure will utilize Kraken's xStocks product, which has already facilitated over $25 billion in total transaction volume and currently supports more than 85,000 unique holders. Scheduled for launch in the first half of 2027, the gateway aims to enable the movement of tokenized equities between permissioned environments and open on-chain ecosystems while maintaining regulatory compliance. Payward will manage KYC and AML onboarding, serving as the primary settlement layer for Nasdaq's issuer-sponsored equity token design in select jurisdictions. By enabling equities to function as interoperable collateral across spot, derivatives, and lending markets, the initiative seeks to eliminate the capital silos inherent in traditional brokerage systems. This development represents a significant shift toward enhancing capital efficiency by allowing equities to operate within unified margin frameworks similar to those found in crypto derivatives. Ultimately, the project aims to transform equities from static assets into natively interoperable instruments that preserve issuer rights and price integrity across diverse financial applications.

#RWA#TokenizedEquities#xStocks
yellow.com·Jul 18, 20269.0
SK Hynix shares fall over 9% on second day of US trading as tokenized stock launches on Solana
Stocks

SK Hynix shares fall over 9% on second day of US trading as tokenized stock launches on Solana

SK Hynix, a South Korean memory chip manufacturer, recently completed the largest-ever US listing by a foreign company, raising approximately $26.5 billion through the issuance of 177.9 million American Depositary Receipts. Following a strong debut on NASDAQ, the stock experienced a 9% decline on its second day of trading. Coinciding with this market volatility, the company launched tokenized versions of its shares, branded as xStocks under the ticker SKHYx, on the Solana blockchain and other decentralized platforms. This initiative enables 24/7 trading of equity representations without the requirement of a traditional brokerage account. By integrating AI hardware exposure into the blockchain ecosystem, SK Hynix provides crypto-native investors with a direct pathway to participate in the infrastructure powering large language models. The success of this offering, which was seven times oversubscribed, highlights robust institutional demand for AI-related assets. The long-term significance of this move depends on whether the tokenized SKHYx shares can generate sufficient liquidity to rival traditional NASDAQ trading volumes. If successful, this integration could serve as a critical validation point for the transition of tokenized equities from experimental concepts to core financial infrastructure.

#Solana#TokenizedEquities#xStocks
cryptobriefing.com·Jul 17, 20268.5
Bitget Wallet Adds xStocks as Tokenized Equities Race Moves to Wallets
Stocks

Bitget Wallet Adds xStocks as Tokenized Equities Race Moves to Wallets

Bitget Wallet has integrated xStocks to enable the trading of tokenized equities directly within its decentralized wallet interface. This partnership allows users to gain exposure to traditional stock market assets through blockchain-based tokens, bridging the gap between legacy financial markets and decentralized finance. By embedding these capabilities into a non-custodial wallet, Bitget aims to simplify the user experience for retail investors looking to access global equities without traditional brokerage hurdles. The integration highlights a broader industry trend where wallet providers are evolving into comprehensive financial hubs that support diverse asset classes beyond native cryptocurrencies. This move is significant for the RWA market as it demonstrates the increasing demand for seamless, on-chain access to real-world financial instruments. As tokenized equities become more accessible, the barrier to entry for global retail participation in stock markets is expected to lower significantly. The collaboration underscores the strategic shift of major wallet platforms to capture market share by offering regulated, tokenized versions of traditional securities.

#RWA#TokenizedEquities#xStocks
ffnews.com·Jul 8, 20266.5
Solana’s $8.7B RWA surge shows tokenized assets are finally starting to move
Infrastructure

Solana’s $8.7B RWA surge shows tokenized assets are finally starting to move

Solana has experienced a significant surge in real-world asset (RWA) activity, with 30-day transfer volume reaching $8.68 billion as of July 6, marking a 105.76% increase. This growth indicates that tokenized assets are actively circulating on the network rather than remaining stagnant after issuance. The rise is supported by a 36.27% increase in distributed asset value to $3.48 billion and a notable jump in decentralized exchange spot volume to $5.7 billion in the second quarter. A key driver of this activity is the introduction of tokenized xStock equities via Backed, which allows retail traders to access shares like Tesla and Nvidia on-chain. While institutional products like BlackRock’s BUIDL fund and Ondo’s USDY provide essential scale and credibility, the high transfer volume highlights Solana's utility for frequent trading and collateral management. Solana’s low transaction fees offer a competitive advantage over Ethereum for smaller, retail-sized positions that require regular movement. Although Ethereum remains the dominant leader with 57.8% of tokenized fund assets, Solana is carving out a niche by facilitating high-velocity asset utility. The durability of this trend will depend on whether this activity spreads across diverse asset classes rather than remaining concentrated in a few large holdings.

#Solana#RWA#Tokenization
cryptonews.net·Jul 8, 20268.5
Tokenized Stocks: The Venue Landscape
Stocks

Tokenized Stocks: The Venue Landscape

The tokenized stock market is evolving through distinct operational models, with Ondo, xStocks, and bStocks serving different investor behaviors and liquidity needs. While xStocks caters to retail users with smaller ticket sizes and high concentration in names like NVIDIA and Tesla, Ondo attracts deeper-pocketed participants with a broader range of 327 active tickers. A critical differentiator is the mint/redeem window, where Ondo’s Friday-to-Sunday closure creates liquidity gaps, whereas xStocks and bStocks offer more continuous access. The report highlights that distribution channels and conversion costs, rather than just wrapper engineering, are the primary drivers of venue market share. The recent SpaceX listing serves as a stress test for these platforms, demonstrating how off-hours trading demand impacts price discovery and peg stability. Structural differences in conversion fees, such as bStocks' zero-cost model, directly correlate with tighter price pegs compared to competitors. Ultimately, the data reveals that while on-chain volume is growing, it remains highly sensitive to issuer-specific operational constraints and the underlying arbitrage friction.

#Ondo#TokenizedStocks#xStocks
coinmarketcap.com·Jun 29, 20268.5

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