Update
xStocks Tokenized Stocks Reach $1B Market Cap
Tokenized stocks issued through xStocks have reached a $1 billion on-chain market capitalization. The platform, launched by Backed Assets (JE) Limited and now part of Payward, has expanded its catalog to over 1,300 assets across 11 blockchains. By October 2026, the on-chain market cap of xStocks tokens had climbed to approximately $886 million, up from $685 million in early September. The platform, primarily on Solana, has surpassed $40 billion in cumulative trading volume and $1 billion in decentralized exchange activity in a single month. However, xStocks tokens are not available to US persons.