xStocks, a platform affiliated with Backed Finance and Kraken, controls 55% of the tokenized stock market linked to Strategy, representing 261 million dollars of exposure on a single platform. The total tokenized value tied to Strategy stands at 473.4 million dollars, split between common and preferred shares. Two tokens dominate on xStocks: STRCx at 156 million dollars and MSTRx at 114.3 million dollars. The xStocks platform carries a market cap of approximately 874 million dollars, with cumulative transaction volume exceeding 40 billion dollars. The broader tokenized stocks category sits at approximately 2.62 billion dollars according to CoinGecko.
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