xStocks Tokenized Stock Platform Surpasses $17 Billion in Total Trading Volume – Tesla, NVIDIA, and Circle Tokens Lead the Charge

• Which Tokenized Stocks Are Driving xStocks’ Growth?
• How Does xStocks Compare to Traditional Markets?
• What’s Behind the Surge in Tokenized Equities?
• Are Smaller Tokens Gaining Traction?
• FAQ: Tokenized Stocks Explained

In a landmark milestone for tokenized assets, xStocks has eclipsed $17 billion in total trading volume, with Tesla (TSLAx), Nvidia (NVDAx), and Circle (CRCLx) tokens dominating both holder counts and asset value. The platform’s growth mirrors broader institutional interest in blockchain-based equities, as traditional players like the NYSE scramble to catch up with a proposed 24/7 trading platform. Here’s a deep dive into the data, trends, and what it means for investors.

Which Tokenized Stocks Are Driving xStocks’ Growth?

According to Dune Analytics, Tesla’s TSLAx leads the pack with 18,350 holders and $53.48 million in assets under management (AUM). NVIDIA’s NVDAx follows closely with 13,816 holders and $19.36 million AUM, while Circle’s CRCLx rounds out the top three with 7,986 holders and $17.78 million AUM. Other notable performers include Alphabet (GOOGLx), S&P 500 (SPYx), and MicroStrategy (MSTRx), each boasting AUM figures in the double-digit millions. Even niche tokens like AMBRx (with a modest $2.39 per token price) attract hundreds of holders, proving the platform’s diversity.

Source: Dune Analytics

How Does xStocks Compare to Traditional Markets?

Unlike traditional exchanges with fixed trading hours, xStocks operates 24/7, allowing instant settlement—a feature the NYSE is now racing to replicate. Michael Blaugrund of Intercontinental Exchange (NYSE’s parent company) confirmed plans for a blockchain-based platform to enable round-the-clock trading of tokenized stocks and ETFs. "This isn’t just about speed; it’s about accessibility," he noted. The NYSE’s proposal, pending SEC approval, could launch by late 2026.

What’s Behind the Surge in Tokenized Equities?

The appeal lies in fractional ownership, global access, and liquidity. For instance, a retail investor in Asia can trade TSLAx during U.S. market closures. Tokens like SPYx also democratize exposure to indices traditionally dominated by institutional players. BTCC analysts highlight that stablecoin-backed settlements reduce friction, though they caution, "Tokenized stocks are still pegged to real-world assets—regulatory clarity remains key."

Source: Dune Analytics

Are Smaller Tokens Gaining Traction?

Absolutely. While Tesla and NVIDIA dominate, tokens like MCDx (McDonald’s) and GMEx (GameStop) sustain six-figure AUM with fewer than 1,200 holders each. Even "micro-cap" tokens such as XOMx (Exxon) and ORCLx (Oracle) show organic demand, suggesting a long-tail market. AMBRx, despite its low token price ($2.39), holds $466,212 in AUM—proof that size isn’t everything.

FAQ: Tokenized Stocks Explained

What are tokenized stocks?

Tokenized stocks are blockchain-based representations of traditional equities, enabling fractional ownership and 24/7 trading.

How does xStocks ensure price accuracy?

xStocks tokens are pegged 1:1 to real-world stock prices via oracles and reserve audits, with data sourced from TradingView and Nasdaq.

Will the NYSE’s platform compete with xStocks?

Potentially, but xStocks’ first-mover advantage and decentralized model may appeal to crypto-native users.