DeFi· ★★★· neutral·

xStocks holds 55% of Strategy's $473.4 million tokenized stock market

  • —xStocks holds 55% of Strategy's tokenized market, or $261 million
  • —STRCx is valued at $156 million, MSTRx at $114.3 million
  • —xStocks' own market cap is about $874 million, with $40 billion in cumulative volume
  • —The overall tokenized stock market is roughly $2.62 billion, per CoinGecko
Why it matters: Tokenized Strategy exposure is growing, but concentration on one platform ties holders to its custody-backed certificate structure.
Source: Crypto Briefing