Tokenized Stock Platform xStocks Surpasses $17B in Trading Volume
xStocks, a platform for tokenized equities, has eclipsed $17 billion in cumulative trading volume. The service issues blockchain-based tokens that mirror traditional stocks and ETFs, with Tesla, NVIDIA, and Circle emerging as the dominant trio in both holder count and asset value.
TSLAx, the Tesla-linked token, leads the pack with 18,350 holders and a $53.48 million asset pool. NVIDIA's NVDAx follows with $19.36 million under custody, while Circle's CRCLx claims third place at $17.78 million. The platform's liquidity extends to other blue-chip names, including Alphabet (GOOGLx) at $13.74 million and S&P 500-tracker SPYx at $12.66 million.
MicroStrategy's MSTRx and commodities like gold (GLDx) demonstrate the platform's diversification, holding $8.33 million and $6.9 million respectively. Even emerging contenders like Coinbase's COINx maintain notable traction at $3.51 million, signaling robust demand for crypto-native exposure to traditional assets.