xStocks, a platform that tokenizes equities, has reached $186 million in assets under management since its launch on Solana in June 2025. The platform has also processed over $25 billion in cumulative transaction volume. Each token on xStocks is backed 1:1 by a corresponding U.S. equity or ETF held in regulated custody, allowing users to buy fractional shares of companies like Apple and NVIDIA. The platform's tokens exist primarily as SPL tokens on Solana, keeping transaction costs low and settlement fast. With over 100 tokenized stocks and ETFs listed, xStocks trades around the clock, every day, and supports fractional ownership.
Market Capitalization
STRCx, which tracks the Strategy PP Variable stock, operates as an ERC-20 token on Ethereum and has reached a market cap of approximately $135 million. This token is the platform's single largest token by market capitalization.
DeFi Integration
Because the tokens live natively on-chain, they can participate in DeFi protocols, allowing holders to use their tokenized shares as collateral in lending protocols or deploy them into liquidity pools.
Industry Comparison
Projects like Backed Finance and Ondo Finance have pursued similar territory, and traditional finance players have explored on-chain equity wrappers. While the $25 billion in cumulative transaction volume is notable, the $186 million AUM figure provides a harder anchor, representing capital sitting in tokenized positions.
