Two Measures Put xStocks at $610.9 Million and $885.7 Million

Two Oct. 25 readings put xStocks at $610.9 million in distributed value and $885.7 million in market value, leaving the figures short of a confirmed $1 billion milestone and measuring different things.

The distributed-value reading showed the value of xStocks distributed across the market. The separate market-value estimate used a different measure. The available figures do not reconcile the gap, so they do not establish one comparable valuation for the same measure and observation period.

Tokenized stocks across five tracked chains totaled $3.09 billion for the week ended Oct. 18, up eightfold from a year earlier. For the week ended Oct. 18, xStocks, Binance’s bStocks and Ondo each had about $1 billion in value; the annual growth rate applies to the broader tokenized-stock market. It does not establish an eightfold gain for xStocks individually.

The broader tokenized-stock category totaled $3.53 billion on Oct. 25. That snapshot and the $3.09 billion weekly total cover different dates and scopes, so the figures are not directly comparable.

xStocks are tracker certificates that provide economic exposure to stocks and exchange-traded funds, without shareholder voting rights. Each token is backed one-to-one by the underlying asset held in segregated custody. The products are not marketed, offered or solicited in the United States. Secondary-market trading can take place 24/7, while issuance and redemption normally operate 24/5 in line with U.S. market hours.