xStocks on-chain trading tops $3B as total tokenized stock volume exceeds $17B; NYSE eyes tokenized stock platform

xStocks on-chain transfer volume has surpassed $3 billion, with over $500 million traded on decentralized exchanges and total trading across centralized and decentralized platforms exceeding $17 billion. There are 57,718 unique wallet holders of xStocks tokens, which represent tokenized shares of real-world stocks and ETFs. Leading tokens by holders and assets are TSLAx (Tesla) with 18,350 holders and $53.48M in value, NVDAx (NVIDIA) with 13,816 holders and $19.36M, and CRCLx (Circle) with $17.78M. Other notable tokens include GOOGLx, SPYx, MSTRx, GLDx, QQQx, COINx, AAPLx and METAx. Holdings span blue-chip names, indices, commodities and smaller equities, with many tokens maintaining six-figure assets under management. Separately, the New York Stock Exchange is developing a private-blockchain platform to enable 24/7 trading and real-time settlement of tokenized stocks and ETFs; the NYSE is in talks with the SEC and, if approved, could launch later this year. Key takeaways for traders: growing on-chain liquidity for tokenized equities increases arbitrage and 24/7 trading opportunities (notably via DEXs and CEXs), top tokens (TSLAx, NVDAx, CRCLx, GOOGLx, SPYx) concentrate much of the value, and potential NYSE entry could add institutional legitimacy and deeper liquidity if regulatory approval is granted.