xStocks
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xStocks now has an official Discord.

A home for traders, investors, liquidity providers, builders, and anyone interested in tokenized equities and the future of capital markets.
Whether you're trading on a Sunday afternoon, running strategies across DeFi protocols, or just getting started, there's a place for you.

Join here: https://discord.com/invite/xstocksfi
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xStocks are now live in Bitget Wallet.

90M self-custodial users can now access tokenized stocks and ETFs directly in their Bitget Wallet.

24/7 access to $TSLAx, $NVDAx, $SPYx and hundreds more with full self-custody.

Read more: https://xstocks.fi/news/xstocks-now-live-in-bitget-wallet-for-90-million-self-custodial-users
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Onchain markets are opening up.

OKX's Exchange OS lets any builder deploy spot, perpetuals, or outcomes markets.

Open-protocol, permissionless infrastructure.

Tokenized equities and ETFs are part of what comes next.

Read more about Exchange OS: https://x.com/xStocksFi/status/2059147510858326405
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Tokenized equities and ETFs are one of the fastest growing sectors onchain.

With LIFI Intents launch, the 1000+ partners that have already integrated will soon be able to offer one-click access to xStocks across supported chains.

Learn more: https://x.com/xStocksFi/status/2059267402861310347
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xStocks Ecosystem Newsletter β€” May 2026

Institutional capital, self-custodied wallets, and execution infrastructure built for scale. The ecosystem continues to expand across distribution, asset management, and onchain liquidity.

This edition covers new partnerships, integrations, and milestones from across the xStocks ecosystem, including:

- Franklin Templeton: tokenized assets meet institutional asset management
- Bitget Wallet: self-custodied xStocks for 90M users
- xChange Atomic RFQ live on Mantle via Fluxion
- VIDAx: same-week tokenization following NYSE IPO
- Ecosystem volume crosses $30B cumulative
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1. Franklin Templeton: tokenized assets meet institutional asset management

xStocks entered a strategic collaboration with Franklin Templeton, pairing the firm's $1.74 trillion in AUM and tokenization expertise with Payward's onchain infrastructure, qualified custody, and access to institutional crypto liquidity via Kraken's OTC and Prime services. The two will explore launching actively managed investment products directly onchain, alongside co-designed tokenized yield products targeted first at institutional clients.

For the xStocks framework β€” now past $30B in cumulative transaction volume β€” this is a meaningful signal: one of the world's largest traditional asset managers building managed strategies natively onchain, with xStocks as the equity layer. Traditional finance and digital asset markets aren't converging in theory anymore. They're converging in product.

2. Bitget Wallet: self-custodied xStocks for 90M users

xStocks are now available in Bitget Wallet, giving the wallet's 90 million users self-custodied access to over 130 tokenized equities and ETFs. Each xStock remains 1:1 fully collateralized, with Payward's infrastructure underpinning issuance and redemption. Trades execute with zero fees and gasless settlement, alongside the 300+ assets already available in the wallet.

The integration extends xStocks further into the self-custody layer of the onchain economy. For Bitget Wallet users, tokenized U.S. equities now sit alongside crypto, commodities, and index-linked products in a single interface β€” accessible globally, without the brokerage and geographic frictions that have historically defined equity access.

3. xChange Atomic RFQ live on Mantle via Fluxion

Following the Mantle launch last month, xChange β€” xStocks's Atomic RFQ system β€” is now live on
Fluxion, Mantle's native DEX. Users can mint and redeem xStocks tokens directly through a request-for-quote mechanism, bypassing AMM infrastructure for an issuer-direct channel with continuous price calculation during market hours and entry liquidity after close.

This is the second phase of the Mantle roadmap. Where the initial integration delivered access through Fluxion's hybrid AMM, Atomic RFQ closes the execution-quality gap that has historically kept institutional capital off-chain. Minting and redemption now flow natively through the chain, structurally deepening xStocks TVL and onchain liquidity on Mantle.

4. VIDAx: same-week tokenization following NYSE IPO

Vida Global (NYSE American: VIDA), an AI Agent Operating System for businesses, listed its tokenized equity on xStocks days after its initial public offering, broadening investor access across more than 110 countries worldwide.

The pattern matters. For most of capital markets history, a newly public company's shares were only accessible to investors with a brokerage account in the right jurisdiction. With $VIDAx, the same equity exposure becomes available globally, onchain, within days of the listing event. xStocks is increasingly serving as primary issuance infrastructure β€” not just a secondary venue for established names, but a distribution layer alongside the IPO itself.

5. Ecosystem milestone: $30B+ in cumulative transaction volume

xStocks has surpassed $30 billion in cumulative transaction volume across its tokenized equity products, with assets under management approaching $350 million and more than 100,000 onchain holders. The framework continues to lead tokenized equities by transaction activity, with $STRCx now the largest individual xStock at over $75M in AUM.
The macro picture moved in lockstep this month: tokenized equities hit a record $3.57 billion in single-day trading volume, and the broader RWA market crossed $65 billion in total value. Tokenized equities are no longer a thesis.

What we're talking about
Cointelegraph: Bitget Wallet adds xStocks tokenized equities products for 90 million users
The Defiant: Kraken Launches Crypto and Tokenized Stocks Bundles
Cointelegraph: Kraken launches bundled crypto and tokenized stock portfolios with automatic rebalancing
The Block:
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xStocks are issued by Backed Assets (JE) Limited (a Jersey private limited company) and offered to eligible Kraken customers via Payward Digital Solutions Ltd. (β€œPDSL”), a company licensed to conduct digital asset business by the Bermuda Monetary Authority. xStocks are not intended to be offered or sold publicly, and are not, nor will they be registered with any local securities regulators. PDSL (Kraken) does not provide investment advice and/or recommendations, and, no communication, through any Kraken App or website or otherwise, should be construed as such. Individual investors should make their own decisions or seek professional independent advice if they are unsure as to the suitability / appropriateness of any investment for their circumstances or needs, including potential tax treatment. Investing in xStocks involves an element of risk. The value of an investment may go down as well as up, and past performance is not a reliable indicator of future results. Not available in the U.S. or to U.S. persons. Geo restrictions apply. Read Kraken’s xStocks Risk Disclosure at kraken.com/legal/xstocks as well as the Base Prospectus and related Final Terms for xStocks at https://assets.backed.fi/legal-documentation to learn more.


This is a strictly privileged and confidential communication between PDSL and its selected client. This communication contains information addressed only to a specific individual and is not intended for distribution to, or use by, any person other than the named addressee. This communication (i) is provided for informational purposes only, (ii) should not be construed in any manner as any solicitation or offer to buy or sell any securities or any related financial instruments, and (iii) should not be construed in any manner as a public offer of any securities or any related financial instruments. If you are not the named addressee, you should not disseminate, distribute or copy this communication. Please notify the sender immediately if you have mistakenly received this communication.


Not available to residents of the U.S., UK, Canada, Australia, or sanctioned
jurisdictions. See kraken.com/legal/xstocks.
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xStocks are coming to X Layer as the primary way to access worldwide tokenized equities.

Sectors covered include: AI, defence, rare minerals, ETFs and more.

24/7 access to 200M+ OKX global users.

https://x.com/xStocksFi/status/2061463124721484164
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xStocks markets on Kamino have crossed $30M in total market size.

Learn more on how Kamino unlocks new ways to use tokenized equities across 24/7 capital markets:
https://x.com/xStocksFi/status/2061813282608951526
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Announcing Tokenized IPO Access for Retail Investors Across the Globe

An IPO in New York. Access the offering price from anywhere in the world.

That's what xStocks is unlocking.

Tokenized US listed IPO access for retail investors globally, coming soon to Kraken and select xStocks Alliance members.

https://x.com/xStocksFi/status/2062150901792395760
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$SPCXx launching soon.

Trading 24/7 when it's live.

Only with xStocks.
https://x.com/xStocksFi/status/2062610790662672730
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It's official. SpaceX ($SPCXx) is the first IPO on xStocks.

Onchain. Available on Kraken & other xStocks Alliance members.

More details: https://x.com/xStocksFi/status/2062918453678178748
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Ladies and gentlemen, $SPCXx is now live.

The largest IPO in history, tokenized by xStocks, trading 24/7.

https://x.com/xStocksFi/status/2065462522308612328
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xStocks are now live on X Layer as the primary way to access tokenized equities on the network.

https://x.com/xStocksFi/status/2066492206794297438
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Data provided by Coingecko shows that $SPCXx is the most traded SpaceX token in the past 24 hours.

Thank you your support.

https://x.com/xStocksFi/status/2066544026279424110
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