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X Layer Partners With xStocks to Bring Tokenized Stocks to OKX Wallet

X Layer Partners With xStocks to Bring Tokenized Stocks to OKX Wallet

Partnership adds tokenized stocks to X Layer and OKX Wallet with 24/7 trading, while xStocks also expands its framework to offer U.S. IPO access through 1:1 stock-backed tokens.

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Fact Check
Both components of the claim are confirmed by primary sources. The X Layer–xStocks partnership with OKX Wallet integration and 24/7 trading is announced by X Layer's official account (https://x.com/XLayerOfficial/status/2061447852929486884) and corroborated by OKX Vietnam's official regional account, plus reporting from PANews and Odaily. The xStocks expansion to U.S. IPO access via 1:1 stock-backed tokens is confirmed by the PANews article on Kraken/Payward's xStocks framework, which describes the exact 1:1 backing structure.
Summary

X Layer said it has partnered with xStocks to bring tokenized stock assets to the X Layer ecosystem and enable 24/7 trading through OKX Wallet, alongside plans for a fast-listing mechanism for popular stocks and thematic ETFs under a compliant framework. Separately, Kraken-affiliated Payward Services unveiled a tokenized IPO program that would give retail investors access to U.S. public offerings, saying customers of Kraken and selected members of its xStocks Alliance will soon be able to register interest. Payward has also said it plans to expand the xStocks framework so users on Kraken and partner platforms can access U.S. stock IPOs at the issuance price through 1:1 tokenized shares backed by underlying stock held by a regulated custodian. Payward said xStocks tokens can circulate across Ethereum, Solana and TON. The sources cited cumulative xStocks trading volume at more than $31 billion in one announcement and about $30 billion in another, with the newer statement also saying more than $6 billion has been settled on-chain and that the framework covers more than 125,000 holders.

Terms & Concepts
  • Tokenized stocks: Blockchain-based representations of equity assets that let users gain exposure to stocks through digital tokens.
  • Regulated custodian: A licensed firm that holds underlying assets, such as shares, on behalf of clients or token holders.
  • ETF: An exchange-traded fund that holds a basket of assets and trades on an exchange like a stock.