XStocks tokenized stocks reach $173M market cap, up 187%
Summary
Tokenized stocks issued by xStocks on X Layer have reached a market capitalization of $172.8 million, representing an increase of 187.2% over the past month. The leading tokenized equity, MSTRx, accounts for $29.5 million, followed by CRCLx at $21.4 million and SPCXx at $11.1 million. These tokenized equities are designed as tracker certificates backed 1:1 by underlying shares held in regulated custody, and they were launched in mid-2026 as part of a partnership that facilitates zero-fee trading and self-custody via OKX Wallet.
Tokens
$MSTR$CRCL$SPCX
Analysis
CRCLx: CRCLx is an xStocks tokenized tracker certificate offering onchain exposure to Circle Internet Group stock. It is part of the platform's suite of assets available for trading on chains like X Layer and integrates with DeFi protocols. The news lists CRCLx as the second-highest market cap tokenized stock from xStocks on X Layer. MSTRx: MSTRx is an xStocks tokenized tracker certificate providing onchain economic exposure to MicroStrategy stock. It trades permissionlessly on supported chains including X Layer alongside other tokenized equities. The news identifies MSTRx as the leading asset by market cap among those issued by xStocks on X Layer. SPCXx: SPCXx is an xStocks tokenized tracker certificate delivering onchain exposure to SpaceX stock. It functions as a 1:1 backed asset within the xStocks ecosystem across multiple blockchains including X Layer. The news ranks SPCXx among the top three tokenized stocks by market cap issued by xStocks on X Layer. xStocks: xStocks is a platform issuing 1:1 backed tokenized representations of US equities and ETFs that trade 24/7 across multiple blockchains. It operates as a regulated framework affiliated with Payward and Backed Finance, partnering with venues like OKX and Kraken to expand access. The news focuses on its tokenized stocks listed on X Layer achieving substantial market cap growth. DeFi Utility: xStocks tokenized equities can be deployed as collateral or in liquidity pools across decentralized protocols. Chain Integration: xStocks tokenized assets launched on X Layer in mid-2026 through a partnership enabling zero-fee trading and self-custody via OKX Wallet. Tokenization Framework: xStocks issues tokenized equities as tracker certificates backed 1:1 by underlying shares held in regulated custody.
Categories
cryptorwadatshyperliquidon_chain_whale
Related sources
- https://xstocks.fi/us/news/xstocks-vaults-go-live-on-kraken-bringing-defi-yield-to-tokenized-equities-on-an-exchange
- https://x.com/xStocksFi/status/2066492206794297438
- https://phemex.com/news/article/x-layer-partners-with-xstocks-to-integrate-tokenized-stocks-into-okx-wallet-87739
- https://xstocks.fi/news/okx-launches-tokenized-stocks-xstocks
- https://www.sharpe.ai/sector-tracker/tokenized-stock
- https://cryptobriefing.com/xstocks-defi-tvl-growth-tokenized-stocks/
- https://stocktokenhub.com/docs/products/xstocks/crclx
- https://support.kraken.com/articles/xstocks-faq
- https://x.com/XLayerOfficial/status/2061447852929486884
- https://www.coinbase.com/en-ca/price/coinbase-xstock
- https://bitcoinethereumnews.com/tech/krakens-xstocks-launches-unified-liquidity-layer-for-tokenized-stocks/
- https://cryptobriefing.com/xstocks-crclx-tokenized-circle-stock-defi/
- https://www.bitrue.com/blog/how-does-xstocks-work-tokenized-stocks-analysis
- https://xstocks.fi/
- https://www.coindesk.com/research/equities-on-crypto-rails-a-platform-comparison
- https://cryptobriefing.com/x-layer-xstocks-100m-market-cap/
- https://defillama.com/rwa/asset/spcxx
- https://allium.so/blog/xstocks-tokenized-stocks-you-dont-legally-own/