xStocks Expands to 714 Stocks and ETFs

xStocks has expanded to include 714 stocks and exchange-traded funds (ETFs), with a cumulative trading volume reaching $35 billion. There is a transition to various trading infrastructures, including Ethereum (ETH) and Hyperliquid (HYPE). CoinMetrics reported that the assets under management for xStocks have increased approximately ninefold since its launch, reaching $186 million. Currently, the tokenized stock market is under $1 billion, indicating that it is in the early stages compared to the global stock market. xStocks was launched on Solana by Backed Finance in June 2025, with initial offerings of over 60 U.S. stocks and ETFs available in SPL token form. Kraken supports trading of 60 tokenized assets for non-U.S. customers. xStocks does not transfer stocks directly but offers products that provide economic price exposure without granting shareholder voting rights or cash dividends. In September 2025, it expanded to the Ethereum mainnet, and in August 2026, it connected to the Hyperliquid spot market. Currently, it supports 714 stocks and ETFs, has a trading volume of $35 billion, operates in over 110 countries, and allows 24-hour trading. However, it is not available in certain regions, including the U.S., U.K., Canada, and Australia.

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