xStocks Top $25B in Volume 📈
Tokenized xStocks ( @xStocksFi ) have surpassed $25B in lifetime transaction volume since launch, including about $3.5B in onchain activity across Solana, Ethereum, and TON.
> The milestone strengthens xStocks’ lead in tokenized equities. It now has over 80,000 onchain holders and about $225M in assets under management.
> Each xStock is fully backed one to one by an underlying stock or ETF held by a licensed custodian.
> Kraken is now finalizing its acquisition of Backed, the issuer behind xStocks, as competition in tokenized equities heats up.
> Data shows xStocks on Solana hold nearly 47% market share, while Ondo’s Ethereum offerings and BNB deployments account for most of the remainder.
> The broader tokenized stock market currently stands near $940M in value with about $2.34B in monthly trading volume.
cc: @ajcassells123 , @leodotfi , @leviadam1 , @mattdotfi

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