Tokenized Equity Market Quality
Strategy PP Variable xStock is 8.7% of reported category value. The top five products are 30.8%.
This page separates product count, reported value, trading, price tracking and wrapper family. A token price is not the same as direct share ownership.
TOKEN
LISTED SHARE
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The category is not one stock market.
Several wrappers can point to the same listed share, and a large quoted value can sit beside thin trading. Product count, underlying shares and usable liquidity answer different questions.
Strategy PP Variable xStock is 8.7% of reported market value. Remove it and the category falls to $1.6B.
Which wrappers have real trading behind them?
One-day turnover compares trading with reported market value. It helps expose a large product that barely changes hands, but it does not prove ownership rights or redemption access.
| Product | Listed share | Wrapper family | Market value | 24h trading | Turnover | 24h price | 30d price |
|---|---|---|---|---|---|---|---|
| Strategy PP Variable xStock | STRC | xStocks | $154.3M | $41.6K | 0.0% | -0.1% | +5.4% |
| Circle Internet Group (Ondo Tokenized Stock) | CRCL | Ondo Global Markets | $123.3M | $757.4K | 0.6% | +0.1% | +58.1% |
| Circle Internet Group (bStocks Tokenized Stock) | CRCL | bStocks | $101.6M | $6.1M | 6.0% | +0.1% | +58.1% |
| Bending Spoons xStock | Not mapped | xStocks | $83.0M | $354 | 0.0% | +0.0% | -6.2% |
| Circle xStock | CRCL | xStocks | $82.4M | $1.8M | 2.2% | +0.1% | +57.9% |
| MicroStrategy xStock | MSTR | xStocks | $72.9M | $1.5M | 2.0% | +0.2% | +50.0% |
| Tesla xStock | TSLA | xStocks | $70.9M | $2.4M | 3.4% | +0.9% | +12.0% |
| SpaceX (bStocks Tokenized Stock) | Not mapped | bStocks | $64.2M | $21.2M | 33.1% | +1.4% | +35.7% |
| Micron Technology (Ondo Tokenized Stock) | MU | Ondo Global Markets | $42.4M | $4.2M | 9.9% | +0.2% | +14.0% |
| NVIDIA xStock | NVDA | xStocks | $40.4M | $2.3M | 5.8% | +0.4% | +5.3% |
| SpaceX xStock | Not mapped | xStocks | $40.0M | $1.9M | 4.6% | +1.4% | +36.0% |
| Micron Technology (bStocks Tokenized Stock) | MU | bStocks | $39.5M | $4.4M | 11.2% | +0.4% | +14.1% |
| NVIDIA (Ondo Tokenized Stock) | NVDA | Ondo Global Markets | $38.7M | $949.3K | 2.5% | +0.3% | +5.2% |
| Alphabet xStock | GOOGL | xStocks | $35.0M | $3.0M | 8.6% | +0.2% | -4.9% |
| SanDisk (bStocks Tokenized Stock) | Not mapped | bStocks | $30.7M | $11.9M | 38.7% | +2.0% | +38.0% |
| Securitize | Not mapped | Other wrappers | $29.9M | $0 | 0.0% | +0.0% | +0.4% |
| Hims & Hers Health (Ondo Tokenized Stock) | Not mapped | Ondo Global Markets | $29.4M | $1.4M | 4.8% | +0.3% | -7.2% |
| MicroStrategy (Ondo Tokenized Stock) | MSTR | Ondo Global Markets | $27.8M | $1.5M | 5.6% | +0.4% | +50.4% |