The gold standard of tokenized equities reaches $25 billion, setting the benchmark for liquidity, transparency, and interoperability across global markets
xStocks have surpassed $25 billion in total transaction volume across centralized and decentralized venues, reinforcing their position as the largest provider and leading framework for tokenized equities globally.
The milestone includes more than $3.5 billion in onchain activity from over 80,000 unique onchain holders. Tokenized equities are no longer experimental infrastructure. They are live markets with sustained liquidity, active participation, and growing global demand.
Adoption spans centralized exchanges, DeFi protocols, self custody wallets, and consumer applications, with xStocks emerging as a leading example of this multi venue integration in practice. As the category matures, usage is consolidating around standards that deliver real liquidity, repeated engagement, and seamless interoperability across chains.
Always-on markets, permissionless access, and cross chain mobility are becoming baseline expectations rather than optional features.
Crossing $25 billion in combined CEX, DEX, mint and redemption transaction volume in under eight months marks a defining moment for the tokenized equities category.
xStocks adoption continues to outpace competing standards, reflecting strong demand and growing confidence in fully collateralized, transparently structured models that bridge traditional U.S. capital markets with blockchain infrastructure.
Onchain metrics also reinforce this leadership. xStocks hold 8 of the top 11 positions for tokenized equities by unique holders and account for 68% of the top 25 tokenized stocks by unique holders as of February 17, 2026.
While institutions continue to evaluate tokenization strategies, leading crypto platforms — including Bybit, Gate.io, and others have already integrated xStocks, bringing tokenized U.S. equities to thousands of retail investors, professional traders and institutional clients worldwide.
xStocks is not just a product. It is the infrastructure layer for the gold standard of tokenized equities.
The xStocks ecosystem is expanding at pace. New assets are listed every month. New builders are integrating the framework. New partners are joining the xStocks Alliance. This is not incremental growth, it is the formation of a new market structure.
The reason is because xStocks are not being built inside a walled garden or on a single blockchain. The xStocks Alliance approach is advancing a shared vision for tokenized equities rooted in interoperability, as well as open and permissionless standards. xStocks are designed to move seamlessly between individuals, platforms, and onchain ecosystems without friction or fragmentation.
Together, Alliance members are enabling thousands of holders worldwide to access, trade, transfer, and utilize tokenized equities across networks. Open systems create deeper liquidity, stronger network effects, and more durable markets. Interoperable assets unlock far greater utility than siloed financial products ever could.
“xStocks have fused crypto and traditional markets, turning tokenized equities from an idea into global infrastructure. Eclipsing the $25 billion milestone so quickly demonstrates that investors around the world are ready for markets that are open, permissionless, and built for the internet age”, said Val Gui, General Manager for xStocks. “xStocks are reimagining how real-world assets move, trade, and thrive onchain — without borders or downtime.”
Each xStock remains fully backed one to one by its underlying stock or ETF, held by a licensed custodian in a bankruptcy remote structure. This model ensures tokenized equities are grounded in real ownership and designed for long term confidence.
More than 80,000 unique onchain holders now participate in the ecosystem, with nearly $225 million in aggregate AUM across xStocks. Onchain activity continues to accelerate alongside broader real world asset adoption.
Operating across Solana, Ethereum, and TON, with additional blockchain integrations coming, xStocks are built to maximize liquidity and reduce fragmentation wherever users choose to build.
Reaching $25 billion in transaction volume is more than a milestone. It is a signal that global capital markets are becoming more open, more accessible, and increasingly native to the internet.
