RT Token Terminal 📊 (@tokenterminal)Q: What's the most widely held tokenized stock?A: TSLAx by @xStocksFi with 20.4k holders https://t.co/2SZHzLvJZF ...

RT Token Terminal 📊 (@tokenterminal)The next growth catalyst for crypto:High-quality assets onchain.TSLAx on @solana.Accelerate. https://t.co/HyKY0Ac8nq ...

RT Token Terminal 📊 (@tokenterminal)The next growth catalyst for crypto:High-quality assets onchain.TSLAx on @solana.Accelerate. https://t.co/HyKY0Ac8nq ...

The next growth catalyst for crypto:High-quality assets onchain.TSLAx on @solana.Accelerate. https://t.co/HyKY0Ac8nq ...

If there's an entrepreneur whose companies benefit from Internet-scale fundraising, it's @elonmusk.Elon will likely be the single largest catalyst for the adoption of tokenized stocks.A development to follow 👇Token Terminal 📊 (@tokenterminal):Q: What's the most widely held tokenized stock?A: TSLAx by @xStocksFi with 20.4k holders https://t.co/2SZHzLvJZF ...

Q: What's the most widely held tokenized stock?A: TSLAx by @xStocksFi with 20.4k holders https://t.co/2SZHzLvJZF ...

Core Insights - Kraken has launched 24/7 leveraged access to stocks, indices, and key assets using blockchain technology, offering tokenized equity perpetual futures contracts to eligible non-US clients in over 110 countries [1] Group 1: Product Offering - The initial contracts track tokenized versions of major assets including S&P 500 via SPYx Perps, Nasdaq 100 via QQQx Perps, gold via GLDx Perps, and individual stocks such as Nvidia (NVDAx), Apple (AAPLx), Alphabet (GOOGLx), Tesla (TSLAx), Robinhood (HOODx), MicroStrategy (MSTRx), and Circle (CRCLx) [2] - Kraken allows traders to gain up to 20x leverage around the clock, providing continuous exposure even when traditional markets are closed [2] Group 2: Technology and Development - The xStocks, developed in partnership with Backed, are fully collateralized and 1:1 backed by the underlying equities and ETFs, enabling on-chain trading and real-time price discovery [3] - Kraken plans to expand its offerings by adding more tokenized stocks and ETFs in the coming months and extending access to additional markets [3]

Core Insights - Kraken has launched its xStocks product on 360X, a regulated marketplace for secondary trading, enabling transactions of tokenized equities and ETFs paired with stablecoins, enhancing integration between traditional finance and digital assets [1][7] Group 1: xStocks Initiative - The xStocks initiative offers tokenized securities fully backed by actual underlying stocks or ETFs, stored securely to protect against bankruptcy risks, ensuring reliability and transparency [2] - The launch on 360X aims to extend the model to a broader audience, highlighting the potential of tokenized assets to transform investment handling [3] Group 2: Trading Features - Users can trade five specific tokenized assets against stablecoins, providing a stable value anchor in the volatile crypto market, appealing to investors seeking exposure to high-growth sectors [4] - The platform allows for near-instantaneous settlements and 24/7 trading, contrasting with conventional stock exchanges that have limited hours and delays in clearing [5] Group 3: Market Adoption and Impact - Since its debut in May 2025, the xStocks platform has achieved nearly $20 billion in total trading volume, indicating strong market adoption [5] - The initiative positions Kraken as a global leader in transaction amounts and unique token holders, appealing to institutional investors in a regulated environment [6] Group 4: Strategic Collaboration - The partnership between Kraken and Deutsche Börse focuses on enhancing foreign exchange services, secure custody solutions, and the broader adoption of tokenized assets [8] - By leveraging Kraken's crypto expertise and Deutsche Börse's infrastructure, the collaboration aims to create scalable tools for retail and institutional sectors [9] Group 5: Future Developments - Kraken plans to expand the range of available assets in the coming months, potentially including more equities and ETFs, although access is currently limited to clients of Deutsche Börse and registered participants on 360X [10]

Market Innovation - xStocks aims to evolve the market beyond traditional finance (TradFi) onchain solutions [1] - xStocks platform allows users to access stock prices outside of traditional market hours [1] Price Discovery & Accessibility - $TSLA closed at $396 on Friday, while $TSLAx continued trading over the weekend [1] - $TSLAx opened at $423 on Monday, reflecting a price gap of $27 (approximately 6.8%) filled by weekend trading [1]

Event Overview - Bitget is hosting an Onchain Trading Competition for selected tokens [1] - The event period is from August 14, 11:00 AM to August 18, 10:59 AM (UTC) [1] Participation & Registration - Users need to register for the event via the provided link [1] - Trading volume of selected tokens on Bitget Onchain counts after registration [1] Rewards Distribution - Top 1-5 users by volume will each win 100 BGB [1] - Top 6-50 users will each win 50 BGB [1] - Top 51-400 users will each win 20 BGB [1] - Top 401-1425 users will each win 10 BGB [1] Featured Tokens - The competition features trading of tokens like $TSLAx, $NVDAx, $CRCLx, PYTHIA, $KORI, WORTHLESS, 67, and $MOBY [1]