Gate stock token trading volume surpasses $1.4 billion: xStocks latest updates

At the beginning of 2025, the total market capitalization of tokenized stocks was less than $10 million. Within less than a year, it grew over 50 times, rapidly reaching a scale of hundreds of millions of dollars. During the same period, the average daily transfer of tokenized stocks also increased from less than $1 million to between $40 million and $60 million.

As traditional financial giants like the New York Stock Exchange announce the development of all-weather digital trading platforms aimed at enabling investors to trade digitized tokens continuously, tokenized stocks are becoming an important bridge connecting traditional finance and the crypto world.

01 Industry Background

The rise of tokenized stocks marks a significant transformation in the financial markets. According to data from rwa.xyz, by the end of 2025, the total market value of tokenized stocks (including ETFs) had surpassed $500 million.

Compared to the scale of traditional financial markets, this figure is still small—accounting for about 0.0004% of the global stock market capitalization and about 0.003% of ETF assets—but the growth curve is extremely steep.

This very low penetration rate instead highlights its potential for growth: once the penetration of tokenized stocks in traditional capital markets reaches 1%, its market size could expand to hundreds of billions or even trillions of dollars.

Represented by Kraken’s xStocks, leading compliant trading platforms have begun to introduce US stocks and ETFs in tokenized form into crypto trading scenarios. In the current context, Gate Exchange’s xStocks is also worth noting; this platform integrates tokenized stocks into a unified trading system based on spot and derivatives trading.

02 Significant Achievements of Gate xStocks Sector

Gate’s stock token section has achieved remarkable results. According to official reports, the trading volume of Gate’s stock token section has exceeded $1.4 billion, becoming an important bridge connecting traditional financial assets and digital assets.

Stock token trading activities continue to be vibrant. Currently, more than ten stock token-themed trading events have been launched, with a total prize pool exceeding 500,000 USDT.

This rapid growth benefits from Gate’s efforts in diversified asset integration. Unlike platforms focused on a single niche, Gate has recently expanded its “Tradfi” product line, allowing users to trade not only US stocks but also gold, forex, indices, and commodities.

This layout enables traders on the same platform to allocate and switch between crypto assets and traditional financial assets, providing more options for cross-market trading.

03 Recent Activities and Welfare Updates

Gate’s ongoing stock token welfare activities offer users diverse participation opportunities. These activities not only enhance user engagement but also provide traders with additional earning opportunities.

Below is an overview of recent major activities of Gate xStocks:

Among these, the “Holding Token for Income Stock Token Activity Zone” has been open long-term since December 11, 2025, allowing users to earn daily income without additional activation. This provides users with a relatively stable income method, suitable for those who wish to hold tokenized stocks long-term.

04 Popular Trading Varieties and Features

On Gate’s xStocks platform, many popular tokenized stocks are favored by traders. These tokenized assets cover industries such as technology, finance, and automotive, offering users diversified investment options.

Tesla tokenized stock (TSLAX) is one of the most actively traded xStocks in the on-chain stock market, providing crypto investors with 24/7 exposure to Tesla.

As of early 2026, TSLAX has developed into an on-chain asset with a total value of approximately $51.6 million, growing 38% month-over-month, supported by over 20,500 holders.

NVIDIA tokenized stock (NVDAX) offers investors exposure to this global leader in AI and data processing. As of December 2025, NVDAX has a total asset value of $17.1 million and over 14,400 holders.

Other popular tokenized stocks include Apple (AAPLX), Coinbase (COINX), etc. Gate provides spot and leveraged futures trading for COINX, allowing users to trade perpetual contracts with up to 10x leverage on the platform.

05 Advantages of xStocks Trading

Gate xStocks offers users a series of advantages that traditional stock trading cannot match. These advantages are mainly reflected in trading hours, entry barriers, and asset integration.

First, xStocks supports 7×24 hours nonstop trading, breaking through the time limitations of traditional securities markets. This means users can respond to market changes at any time in any time zone worldwide, without waiting for traditional markets to open.

Second, tokenized stocks provide a partial ownership mechanism, allowing investors to buy fractional shares of high-priced stocks. This means even investors with limited funds can participate in investments in high market cap companies like Tesla and Apple by purchasing fractional parts of tokenized stocks, lowering the threshold for diversification.

Additionally, Gate’s xStocks platform achieves seamless integration of cryptocurrencies and traditional financial assets. Users can directly purchase tokenized stocks using USDT, BTC, and other cryptocurrencies without converting to fiat currency first.

06 Market Challenges and Compliance Considerations

With the rapid development of the tokenized stock market, there are also some challenges and compliance considerations. These factors may impact the market’s long-term development and users’ investment decisions.

Evolving regulatory environments are one of the main challenges faced by the tokenized stock market. Traditional financial institutions like NYSE and NASDAQ are beginning to explore tokenization and near all-weather trading modes. This means that xStocks-like products already pioneered by crypto exchanges are evolving from “competitors” to important reference models for traditional markets.

Stablecoins and on-chain settlement are also key considerations. The NYSE’s proposed USD-denominated order and stablecoin financing mechanisms are expected to expand institutional demand for stablecoin clearing and on-chain settlement networks. For platforms like Gate, strengthening cooperation with compliant stablecoins and improving on-chain settlement systems will be important future directions.

Finally, investor education is a crucial part of market development. While tokenized stocks offer many advantages, users also need to understand their risks, including price volatility, liquidity risks, and potential regulatory changes.

Future Outlook

Beyond trading hours, traders in Asia are already able to react to positive news about Tesla via Gate xStocks; European investors continue trading Apple’s tokenized stock during US stock market closures. The global stock market is breaking the boundaries of time and space, forming an uninterrupted trading network.

According to the latest data from rwa.xyz, the monthly on-chain transfer volume of tokenized stocks has soared to about $2.14 billion, an 81% month-over-month increase. The number of holders has risen to approximately 140,100, a growth of over 22% month-over-month.

While traditional exchanges are still planning all-weather trading platforms, Gate’s xStocks has already realized this vision, with trading volume surpassing $1.4 billion.