xStocks Surpasses $10bn in 4 Months as Tokenized Stocks Surge

Published: 2025-11-13 03:23:54 |

xStocks, launched by Backed and Kraken, has surpassed $10 billion in trading volume just four months after its 2024 debut. The platform offers more than 60 tokenized stocks—including NVIDIA, Amazon, Tesla and Meta—each backed 1:1 by the underlying shares or ETFs. Operating across Ethereum, Solana, BNB Chain and Tron, xStocks recorded nearly $2 billion in on-chain transactions and grew to 45,000 on-chain holders. Assets under management reached $135 million, while on-chain data shows roughly $666 million in tokenized public stocks held by traders. The rapid growth underscores rising demand for blockchain-based equity exposure, fractional ownership and 24/7 trading. Regulatory uncertainty remains, but industry players such as Securitize and Robinhood Markets are also expanding RWA tokenization offerings. xStocks’ performance highlights the potential of tokenized stocks to bridge traditional finance and DeFi.

Bullish

xStocks’ rapid adoption and over $10 billion in trading volume signal growing demand for tokenized stocks and blockchain-based equity. Short-term, the increased on-chain transactions may drive higher network fees and activity on Ethereum, Solana, BNB Chain and Tron. Long-term, the success of RWA tokenization platforms like xStocks can attract more institutional and retail capital into DeFi, improving liquidity and market depth. This expansion of real-world asset tokenization supports bullish sentiment for related blockchain ecosystems.