xStocks’ assets under management have climbed to $790.9 million, according to the platform’s latest disclosed figures, while public tracker data shows most of its visible on-chain value remains concentrated on Solana despite a broader multi-chain rollout.

xStocks said roughly $530 million of its AUM is allocated to Solana and about $172 million to Ethereum. The platform said its supported networks now include Ethereum, Solana, BNB Chain, Mantle, TON, Arbitrum, Tron, and Optimism, signaling a wider distribution strategy beyond its early footprint.

At the same time, DeFiLlama shows xStocks’ TVL at $440.79 million, with $440.78 million attributed to Solana. That leaves a notable difference between the platform’s reported AUM and the TVL visible on public trackers. The available information does not explain the methodology gap, but the contrast suggests AUM and on-chain locked value are not capturing the same universe of assets.

The platform also reported 715 stocks and ETFs with cumulative trading volume above $40 billion and said it is available in more than 110 countries. Elsewhere in the same disclosure, xStocks said it started with 60 assets in July 2025 and has since expanded to more than 500 assets, with cumulative trading volume exceeding $35 billion. The disclosed figures point to rapid growth, though some of the operating metrics appear to reflect different reporting cutoffs.

Solana’s role has been building for months. The Solana Foundation said that as of January 19, 2026, on-chain trading volume for Solana-based xStocks had surpassed $3 billion. xStocks also said the service is unavailable in certain markets, including the United States, the United Kingdom, Canada, and Australia, and is excluded for U.S. citizens.

Why It Matters

The update adds to signs that tokenized equities are moving from a niche product category toward a larger on-chain market structure, with distribution spreading across several networks while actual liquidity remains concentrated in a smaller set of venues. For traders and infrastructure providers, where that liquidity sits matters more than headline chain support.

The concentration on Solana is also relevant for the broader competition around real-world asset rails. If tokenized stocks can scale user activity and turnover on one chain before liquidity deepens elsewhere, that could shape where issuers, wallets, exchanges, and market makers focus their integration efforts.