xStocks Tokenized Equities Surpass $186 Million in Assets Under Management

XStocks has reached an estimated $186 million in assets under management since launching on June 30, 2025. The platform's tokenized equities allow users to buy and sell fractional shares of popular stocks like Apple (AAPLx) at any time. xStocks uses a unique model where each token is backed 1:1 by a corresponding U.S. equity or ETF held in regulated custody.

The platform has processed over $25 billion in cumulative transaction volume, with most of its ecosystem running on the Solana blockchain. However, one outlier stands out - STRCx, which tracks the Strategy PP Variable stock and operates as an ERC-20 token on Ethereum, boasting a market cap of approximately $135 million.

STRCx is interesting because it allows crypto-native investors to gain equity exposure without leaving the on-chain world. This signals potential for tokenized equities in general, with projects like Backed Finance and Ondo Finance exploring similar territory.