Tokenized versions of Tesla and SpaceX now sit in more than 140,000 wallets through xStocks.
Token Terminal data shows the combined holder count hit 140,174 addresses, climbing 7.9 times from 17,740 at the start of 2026.
Tesla’s TSLAx accounts for 57,021 of those wallets while SpaceX’s SPCXx leads with 83,153.
Together, the pair carries a $115 million market cap and generated $439.7 million in 30-day decentralised exchange (DEX) volume.
This expansion shows growing appetite for on-chain exposure to high-profile names, especially Tesla, which remains one of the most actively held tokenized equities.
Why Have Tokenized Tesla and SpaceX Attracted So Many Wallets?
xStocks issues these tokens as 1:1 backed representations of the underlying shares, held in regulated custody.
Traders outside the United States can buy fractional amounts from as little as one dollar and move them freely across multiple chains.
Looking closer, the sharp rise in Tesla holders reflects both brand recognition and the convenience of 24/7 trading that traditional brokerages cannot match.
At the same time, SpaceX tokens offer secondary exposure to a still-private company that many retail investors find otherwise hard to access.
How Does Tesla’s Tokenized Version Compare with SpaceX on xStocks?
Tesla’s TSLAx currently shows a higher market cap at $66.4 million versus SpaceX’s $48.7 million.
Yet, SpaceX drives far more trading activity, posting $386.9 million in 30-day DEX volume against Tesla’s $52.8 million.
What’s more, the holder split favours SpaceX by a clear margin, suggesting many wallets seek the private-company narrative while still adding Tesla for its liquidity and familiarity.
What Role Does xStocks Play in the Broader Tokenized Equity Market?
xStocks operates as one of the largest multi-chain networks for tokenized U.S. equities and ETFs.
It supports trading on Solana, Ethereum, BNB Chain and several others, with integrations across wallets and DEXes.
Further, the platform’s permissionless design lets users hold Tesla and SpaceX tokens alongside ordinary crypto assets without opening a traditional brokerage account.
Even so, geo-restrictions keep the products unavailable to U.S. persons.
Can This Growth Continue for Tesla Token Holders?
The year-to-date (YTD) jump already demonstrates strong organic demand.
Still, future expansion depends on deeper liquidity, additional chain support, and continued interest in Tesla’s underlying performance.
In particular, the current distribution shows many small wallets testing the tokens while a smaller set of larger holders concentrates value.
Next, watch whether median holdings rise as more users treat TSLAx as a core portfolio position rather than a short-term experiment.
The rapid climb past 140,000 wallets for tokenized Tesla and SpaceX highlights how xStocks has turned popular equities into everyday on-chain assets.
With Tesla remaining a central draw and SpaceX adding unique private-market appeal, the pair continues to shape retail participation in the tokenized stock sector.
