1. The State of RWAfi report: xStocks leads in DeFi integration

The Q1 2026 State of RWAfi report uses xStocks as its primary case study for the custody-backed model—described as "the now dominant model"—with a full technical architecture diagram.
The standout metric: 10.27% of xStocks active market cap is deployed across DeFi protocols, compared to 0.70% for the next largest issuer. Access was the first phase. Utilization is what comes next.

2. xStocks live on JupLend: Supply, borrow, and loop on Solana

xStocks are now live on JupLend, with $SPYx, $TSLAx, $NVDAx and $QQQx available as collateral. Users can supply these assets, borrow against them with up to 75% LTV, or loop their positions with up to 3.8x leverage, all while continuing to earn xPoints.
Borrowing against stock positions has always existed in traditional finance but required the right broker relationships and account minimums. With JupLend, that functionality is available to anyone holding xStocks onchain, 24/7.

3. Kamino: USDC collateral opens the other side of the trade

USDC can now be used as collateral in the xStocks Market on Kamino. Users can deposit USDC, borrow tokenized equities, and take a directional position against $SPYx, $TSLAx, $QQQx or $NVDAx, all onchain with 24/7 access.
Adding USDC as collateral opens the other side of the trade: borrow tokenized equities directly and take a directional position against the asset. Lenders supplying USDC earn yield backed by demand from USDC borrowers. Lenders supplying xStocks earn yield backed by demand from xStock borrowers. Both sides of the market now have a reason to participate.

4. xStocks Hackathon: Meet the builders who shipped onchain capital markets in 48 hours

At EthCC in Cannes, 60 builders gathered for the inaugural xStocks Hackathon and shipped working products across prime brokerage, yield amplification, and yield tokenization.

First place went to xPrime, a prime brokerage for assets on Ethereum and Ink, offering yield strategies ranging from 12% to 45.2% estimated APY using xStocks as the underlying collateral layer.

Second place went to Stretch by Spreads, which loops the $STRCx dividend for up to 5x more yield.

Third place went to STREAM, a yield tokenization protocol that splits a single xStock into dividend rights and leveraged price exposure tokens.

5. Apyx partnership: Dividend-backed stablecoins meet tokenized equities

Apyx, a protocol building dividend-backed stablecoins, entered a strategic partnership with xStocks. As part of the collaboration, Apyx is holding a share of its preferred equity exposure through xStocks, creating a direct pathway for real-world financial instruments to flow into DeFi in a transparent, programmable format.

The partnership combines public market preferred equity and xStocks tokenized securities infrastructure with Apyx's dividend-backed stablecoin architecture. Apyx users will also earn points as part of the xPoints program. For the broader ecosystem, this signals a new type of integration: protocols building yield infrastructure directly on top of tokenized equities, rather than just listing them.

6. Fundrise partnership: Private tech exposure, onchain

xStocks partnered with Fundrise, the largest direct-to-consumer alternative investment platform in the U.S., to tokenize the Fundrise Innovation Fund (NYSE: VCX). The new $VCXx asset gives investors outside the U.S. onchain exposure to a diversified portfolio of late-stage private technology companies, including SpaceX, OpenAI, Anthropic, and Databricks, through a single tokenized asset.

Access to late-stage private companies has historically been limited to institutional investors and high-net-worth individuals. By tokenizing VCX, xStocks is extending its coverage beyond public equities into private market portfolios. As a tokenized asset, $VCXx integrates across the xStocks ecosystem, with use cases spanning collateralization, lending, and automated onchain strategies.