XStocks tokenized equities hit $186M AUM, with Ethereum’s STRCx leading by market cap

Tokenized equities have been a recurring promise in crypto for years, the idea being that anyone with a wallet should be able to buy fractional Apple shares at 2 a.m. on a Sunday. xStocks appears to be one of the first platforms to make that feel real, and the numbers are beginning to reflect it. Since launching on the Solana blockchain on June 30, 2025, xStocks has accumulated an estimated $186 million in assets under management and processed more than $25 billion in cumulative transaction volume. How xStocks actually works Each token on xStocks is backed 1:1 by a corresponding U.S. equity or ETF held in regulated custody. So when someone buys AAPLx, they are not buying a derivative or a synthetic approximation. They are buying a digital claim on a real Apple share sitting in a custodial account. The tokens exist primarily as SPL tokens on Solana, which keeps transaction costs low and settlement fast. The platform now lists more than 100 tokenized stocks and ETFs, covering names like NVIDIA (NVDAx) alongside the broader index-style products retail investors tend to favor. Traditional equity markets operate roughly six and a half hours a day, five days a week. xStocks trades around...