Nasdaq xStock
qqqx
#444Nasdaq xStock
Nasdaq xStock
DeFi · Synthetic Assetsqqqx#444
Mcap$47.84M$700.262.77%
qqqx Metrics
Spot Volume (24H)
$4.18M+75.21%
Marketcap
$47.84M
FDV
$47.84M
Mindshare
Very Low
Circ. Supply
68,271
Max Supply
-
Mcap/FDV
100%
Total Supply
290,678
Sector Ranking
#122
Futures Volume
$4.78M
Volatility (30D)
19.49%
qqqx Performance
All Time High
$766.14-8.60%
Oct 06, 2026
Cycle Low
$699.84+0.06%
Oct 30, 2026
Trending
qqqx Metrics
Spot Volume (24H)
$4.18M+75.21%
Marketcap
$47.84M
Mindshare
Very Low
Last Updated: Oct-29-2026 10:43 UTC
Nasdaq xStock Project Update
Get Caught Up
Kraken's parent expands xStocks beyond U.S. equities. Payward, the parent company of Kraken, partnered with global fintech GTN to bring xStocks to non-U.S. equities for the first time, starting with Hong Kong-listed stocks and expanding to U.K., European, and South Korean markets 1. Each xStock is a token backed 1:1 by a real share held in regulated custody, and GTN will supply the regulated trade execution and custody infrastructure 1. This matters because it broadens the xStocks model from U.S.-equity exposure into a multi-market tokenized equity platform targeting 90+ markets, though the assets remain unavailable to U.S. residents 1.
Bybit adds xStocks as collateral. Bybit expanded its collateral options by adding six xStock assets—NVDAX, HOODX, CRCLX, TSLAX, GOOGLX, and AAPL—across its margin trading, crypto loans, and institutional loans products 2. This lets eligible retail and institutional users put tokenized equities to work as collateral rather than holding them as static positions, bridging traditional financial assets with crypto-native infrastructure 2. It signals growing utility for tokenized equities beyond simple trading.
Nasdaq's tokenization and extended-hours push. Nasdaq agreed to acquire LeveL Markets, the third-largest U.S. Alternative Trading System with roughly 2,500 institutional clients, placing it under a new Digital Liquidity Networks division to unify tokenization capabilities 3. Separately, Nasdaq is adding a 9 p.m. to 4 a.m. ET overnight session to create a 23-hour trading day five days a week, a move aimed at competing for order flow from investors who increasingly trade tokenized assets around the clock 45. These developments reflect traditional exchanges converging with the always-on model that tokenized equities pioneered.
Biggest Stories of 2025
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Kraken acquired Backed Finance, the issuer of xStocks, consolidating ownership of the tokenized-equity platform under the exchange's parent ecosystem. This remains the foundational ownership event for the project. (December 5, 2025) 6
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Messari's Crypto Theses 2026 highlighted the explosive growth of tokenized public stocks, with total value rising from $9 million in November 2024 to $633 million in November 2025, with xStock products among the notable contributors. This framed xStocks within the broader tokenization megatrend. (December 18, 2025) 7
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xStocks launched on the Solana blockchain on June 30, 2025, with daily trading volume climbing from $1.3 million on launch day to $8.6 million by July 2, though unique trader counts declined even as volume grew. This marked the project's public debut and its early adoption dynamics. (June 30, 2025) 8
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xStocks were noted as a distinct category within Solana's real-world asset landscape, with 61 different xStocks carrying a combined value of $51.7 million as of July 7, 2025. This underscored the project's early footprint in the tokenized equity segment. (July 14, 2025) 9