xStocks Adds Over 200 European Stocks Amid Solana Market Growth

The xStocks project, developed by the Payward group, added over 200 tokenized shares of UK and European companies on November 11, 2026. These instruments are available through the Kraken cryptocurrency exchange and partner platforms, including the Solana (SOL) network. According to Blockworks, xStocks accounts for about 75% of the value of tokenized shares on Solana.

Value of Tokenized Shares on Solana Reaches $607 Million

According to the analytical platform Blockworks, the value of tokenized shares in circulation on Solana at the time of the initial analysis was $607 million. In October, the figure reached $620 million, then declined. At the beginning of 2026, it was around $200 million, and in April – $400 million. Therefore, the entire growth cannot be attributed to the November listing.

On Solana, there were 2,102 tokenized products and about 1.89 million holder addresses compared to 400,000 at the beginning of September. The maximum number of addresses sending these tokens per day reached 320,000, and on several days exceeded 200,000. One user can control multiple addresses, so the number of addresses does not equal the number of investors.

xStocks Plans to Add Hong Kong Shares

According to Blockworks, xStocks holds about 75% of the Solana tokenized shares market. The shares of Ondo, Backpack, and Superstate individually do not reach 10%, with the remainder attributed to other tokenized product providers. The ratio of shares has remained generally stable since August.

In the coming weeks, xStocks plans to add shares of companies trading in Hong Kong. Competition is developing beyond Solana: Avalanche has been chosen for the settlement infrastructure of a planned platform associated with the New York Stock Exchange, and Robinhood is creating its own network based on Arbitrum.

xStocks tokens are backed by shares at a 1:1 ratio but do not provide direct ownership of them. The $607 million figure refers only to Solana, not to all xStocks assets across different blockchains.