xstocks

Delphi Digital stated that the issuance scale of xStocks continues to grow, with its on-chain AUM surpassing 500 million dollars for the first time, and the number of independent holders exceeding 177,000. Data shows that users are still mainly flocking to well-known large tech stocks and other "household name" giants, with the top ten xStocks assets accounting for over 80% of the total scale.

According to the Kraken page, the Kraken xStocks platform indicates that users in China cannot withdraw SPCXx.Previously, SPCXx also displayed "Trading Halted" on the Kraken xStocks platform, indicating that according to local regulations, this asset cannot be traded in China.

According to crypto KOL @_FORAB and feedback from several users participating in the xStocks (Kraken's tokenized stock platform) SpaceX IPO, the actual allocation received was far below expectations. Users reported that most only received about 4.2786 SPCXx (tokenized stock of SpaceX), which was approximately $600 at the time of pricing. Some users have already received refund notifications from Kraken and were charged a $600 fee.Previously, xStocks opened the channel for users to participate in the SpaceX IPO, promising real share allocation. However, due to the overall compression of retail quotas for this SpaceX IPO and demand far exceeding supply, the actual allocation through the xStocks channel was significantly reduced, leading to widespread dissatisfaction in the community. As of the time of publication, xStocks has not yet made a formal statement regarding this reduction in allocation.

Kraken employee Nata posted that the subscription limit for SpaceX tokenized stock (SPCX) on the xStocks platform "is much lower than expected and has been significantly reduced," adding "hedging canceled." Currently, Kraken has not made an official statement on this.

Bybit announced the official launch of its on-chain US stock IPO subscription product, Bybit IPO Express, and partnered with xStocks to introduce the first phase of the SpaceX tokenized IPO subscription service.It is reported that this product is open to eligible Bybit VIP and Pro users, allowing users to subscribe to stock assets at the issue price directly in the primary market without the need to open a traditional brokerage account. The tokenized SpaceX shares issued this time are fully backed by xStocks, pegged 1:1 to real equity, and comply with institutional-level regulatory standards.The specific timeline for the SpaceX tokenized subscription is as follows:Registration and subscription period: June 7 to June 11Quota phase: June 11 to June 12Spot trading launch: June 12The official statement indicated that the Bybit platform will continue to expand its on-chain US stock and RWA ecosystem in the future to provide more diversified investment opportunities.

According to The Block, Kraken's parent company Payward's xStocks framework will launch a service that allows Kraken and partner platform users to participate in U.S. stock IPOs at the offering price and receive on-chain tokenized shares corresponding 1:1 with the underlying stock, which is held by a regulated custodian.Users can submit non-binding subscription intentions through partner platforms weeks before the IPO. Payward will aggregate demand and collaborate with the underwriting team to allocate shares, completing pricing, allocation, and token issuance on the listing day.xStocks tokens can circulate across multiple chains such as Ethereum, Solana, and TON, and can be used in combination with DeFi protocols.

According to Token Terminal data, the tokenized platform xStocks has surpassed a total market capitalization of 100 million USD on Ethereum, growing by approximately 1000% year-to-date, primarily driven by STRCx.In addition, the asset market capitalization of xStocks on the BNB Chain has separately exceeded 30 million USD, mainly consisting of tokenized commodities such as copper, silver, platinum, and palladium.

BNB Chain officially announced that the tokenized stock platform xStocks has been launched, with the first batch opening over 50 tokenized US stocks and ETFs, including Apple, Tesla, Nvidia, and the S&P 500 ETF, with an additional 100+ assets to be added in the coming weeks.Users can participate with a minimum of $10, supporting 24/5 uninterrupted trading. It is now possible to trade directly on PancakeSwap and CowSwap, with 1inch integration coming soon; these tokenized stocks can also be used as collateral for lending and integrated into structured yield strategies, with further connections to Chainlink, Venus Protocol, and Flux planned. BNB Chain has become the world's second-largest RWA public chain, with on-chain RWA asset scale reaching $3.8 billion, approximately 45,000 holders, and a transaction volume of $1.17 billion.

According to official news from Mantle, xStocksFi has officially launched on the Mantle network, supported by BackedFi and Flowdesk.As one of the first projects to achieve on-chain liquidity through stock tokenization, users can trade major global assets around the clock via the Fluxion network, including 10 leading U.S. stocks such as TSLAx, NVDAx, AAPLx, METAx, and more. Mantle leverages institutional-grade infrastructure and exclusive deposit and withdrawal support from Bybit to enhance the distribution efficiency of real-world assets (RWA), while providing extremely low trading fees and a high-speed execution experience.The official statement indicates that the launch of xStocks is just the starting point for ecosystem expansion, with more features such as xChange and xPoints to be introduced in the future.

According to Cointelegraph, the tokenized stock platform xStocks has partnered with alternative investment company Fundrise to put its newly listed Fundrise Innovation Fund on-chain.It is reported that the closed-end fund's portfolio includes private stocks from tech companies such as Anthropic, Databricks, and SpaceX. Just a few days after its listing on March 19, the price skyrocketed from the initial $31 per share to $575.However, short-selling firms pointed out that Fundrise may be under investigation by the SEC due to its paid solicitation activities. The stock closed at $173 this week, dropping nearly 34% on Friday, and fell another 5.9% in after-hours trading.

The tokenized U.S. stock platform xStocks under Kraken officially launched the xPoints rewards program. Byreal and Orca became the first on-chain DeFi protocols to support this program, where providing liquidity on Byreal can earn the highest tier of points weight, surpassing holding and lending activities.It is reported that xPoints can be earned through three methods: holding xStocks (basic tier), supplying on lending platforms (higher tier), and providing liquidity to liquidity pools (highest tier), with points updated daily. Both parties can earn a 20% permanent points bonus for inviting new users.

According to CoinDesk, Kraken-associated tokenized stock platform xStocks has announced the launch of the xPoints rewards program, aimed at traders, liquidity providers, and DeFi developers.Users can earn points by trading tokenized U.S. stocks, providing liquidity, or participating in DeFi applications. In the crypto market, points programs are often seen as a precursor to token issuance, but xStocks has not yet officially announced a token plan.

According to Cointelegraph, RWAxyz data shows that the total on-chain value of tokenized stocks has surpassed $1 billion.Ondo Finance and Backed Finance's xStocks platform hold a significant share of the tokenized stock issuance and trading market. Ondo Finance accounts for about 58%, while xStocks accounts for approximately 24%, forming an early duopoly in the industry.

According to The Block, Kraken stated that since its launch last year, the total trading volume of the tokenized stock product xStocks has exceeded $25 billion, with approximately $3.5 billion coming from on-chain trading activities on chains such as Solana, Ethereum, and TON.Currently, the number of independent addresses holding xStocks on-chain has surpassed 80,000, with assets under management (AUM) nearing $225 million. Kraken emphasized that each xStock is fully backed 1:1 by corresponding stocks or ETF assets held by licensed custodians. Kraken is currently advancing the acquisition of Backed, the issuer of xStocks.

According to CryptoPotato, Kraken's tokenized stock platform xStocks has announced the launch of U.S. tokenized stocks on the TON blockchain, integrating Telegram's non-custodial wallet, Wallet.Once launched, users will be able to buy, hold, and transfer tokenized versions of blue-chip stocks, including Tesla and Nvidia, within the TON ecosystem. xStocks will also be directly integrated into the TON wallet, allowing users to access stocks and ETFs.Kraken co-CEO Arjun Sethi stated that millions of users will be able to access U.S. stocks on-chain within Telegram as easily as sending a message for the first time. As financial assets migrate to open networks, they will become neutral, composable building blocks that anyone can use.

ChainCatcher news, according to official sources, the decentralized exchange Byreal has opened to all users and launched an initial liquidity incentive of 10,000 USDC for the xStocks US stock tokens, covering 5 trading pools, including $SPYx, $TSLAx, $NVDAx, $MSTRx, and $CRCLx. The rewards will last for 14 days.xStocks are tokenized assets backed 1:1 by real stocks. Bybit and Byreal, as its first official partners, will provide users with on-chain exposure to the global stock market.