How to Get xStocks Airdrop: Step-by-Step Guide

xStocks is emerging as a leading platform for tokenized stocks on blockchain, with more than 100 U.S. stocks already tokenized. The project was acquired by Kraken in December 2025 and recently announced a partnership with Nasdaq to distribute tokenized stocks to European investors.

At the moment, xStocks has launched xPoints to reward active users across its ecosystem, and this could very likely become the foundation for a future airdrop event. However, no airdrop has been officially confirmed by the xStocks team so far. This guide explains how users can position early and maximize the opportunity.

xStocks Overview

xStocks is a platform for tokenized real stocks and ETFs on blockchain. It was originally developed by Backed Finance AG in Switzerland under the Swiss DLT Act, and later acquired by Kraken in December 2025. Each xStock token, such as xAAPL, xTSLA, xNVDA, or xSPY, is backed 1:1 by real shares held by a regulated custodian.

The platform currently operates across several blockchains, including Solana, Ethereum, TON, and Ink, which is Kraken's Layer 2. On Solana, xStocks tokens are issued under the SPL standard, making direct integration into the DeFi ecosystem possible.

What makes xStocks different from earlier tokenized stock projects is its DeFi composability. Users can provide liquidity for pairs like xAAPL/USDC on Raydium, borrow and lend on Kamino using xStocks as collateral, or swap between tokenized stocks and crypto 24/7 without being limited by traditional market hours.

Why xStocks Airdrop Is Worth Noting

Tier-1 Partnership with Nasdaq and Kraken

In March 2026, Nasdaq officially announced a partnership with Kraken to distribute tokenized stocks to investors in Europe and other international markets, with xStocks serving as the infrastructure layer. This is one of the biggest moves in the history of tokenized equities, as one of the world's leading traditional stock exchanges has formally stepped into this space. The first phase of the partnership is expected to roll out in the first half of 2027.

The tokenized stock narrative is taking off

According to rwa.xyz data, the tokenized stock market was barely present throughout 2023 and early 2024, with total value sitting around just a few million USD. The turning point came in late 2024, when capital started flowing in much more aggressively and pushed total value close to $1B by March 2026, with more than 193,000 holders and 75,600 monthly active addresses.

What stands out is that over the most recent 30 days, every major metric has grown strongly: total value is up nearly 20%, holder count is up nearly 16%, and monthly transfer volume reached $2.5B, up more than 48%. That shows not only more participants entering the market, but also real liquidity starting to come alive.

Notable assets in this market include tokenized shares of Tesla, NVIDIA, MicroStrategy, and Coinbase through Ondo, along with ETFs such as SPDR S&P 500, Invesco QQQ, and iShares Core. This shows that both individual stocks and index funds are steadily moving on-chain.

xStocks is currently ranked second in this sector, with total value at $252M and around 25% market share.

xPoints system is now active

xStocks launched xPoints on March 10, 2026, rewarding users based on real activity across the ecosystem. Major projects such as Jupiter, Jito, and Tensor all used a points system before their airdrops, and xStocks seems to be following a very similar playbook.

How to Get the xStocks Airdrop

The steps below are based on the current xPoints mechanics and on common airdrop models across crypto.

Step 1: Connect a wallet and activate the xPoints Boost

• Visit defi.xstocks.fi/points and connect a Solana wallet.
• Users who connect a wallet early receive a permanent 20% boost on all points earned during the campaign.

Step 2: Complete quests and social tasks

• Complete a social quest and click GM, with 10 available per day.
• Copy the referral link and invite other users.
• When someone joins through the referral link, users receive 20% of the total points earned by that referral, while the referred user also gets a +20% boost on their own points.

Step 3: Buy xStocks tokens on Raydium or Jupiter

To start accumulating xPoints, users need to hold xStocks tokens. The easiest way is to swap USDC for xStocks on Raydium or Jupiter, the two largest DEXs on Solana.

• Prepare USDC in a Solana wallet.
• Open Raydium or Jupiter and find the xStocks/USDC trading pair.
• Swap USDC for the preferred xStocks token.
• The most common tokens include QQQx for Nasdaq-100, SPYx for S&P 500, xTSLA, and xNVDA.

Holding xStocks tokens automatically earns xPoints with a 1x multiplier. This is the simplest method, but it also gives the fewest points. The most widely held tokens by holder count are Tesla, Circle, and NVIDIA, while SPYx ranks third by total number of holders.

Step 4: Provide liquidity on Raydium (7x multiplier)

Providing liquidity gives the highest point multiplier in the xPoints program at 7x compared with simply holding. This is the most efficient way to farm points.

• Open the Liquidity section on Raydium.
• Choose xStocks/USDC pairs.
• Deposit both tokens into the pool based on the required ratio.
• Keep the liquidity position active for as long as possible.

Users should keep impermanent loss in mind when providing liquidity, especially for pairs with larger price swings. Still, with index ETF pairs like QQQx or SPYx, volatility is usually lower than with single-stock tokens.

Step 5: Lend on Kamino (5x multiplier)

Kamino is a Solana lending platform that supports xStocks as assets. Lending xStocks on Kamino gives users a 5x xPoints multiplier.

• Open Kamino Finance.
• Deposit xStocks tokens into the lending pool.
• Earn lending yield on top of extra xPoints.

This is a balanced option, with lower risk than LP positions and still a strong points multiplier. xStocks can also be used as collateral on Falcon Finance, which opens additional yield opportunities.

Step 6: Stay active consistently with xBoost

The xPoints system includes an xBoost mechanism that increases the multiplier when users stay active across the ecosystem over time. That means consistent weekly participation can generate far more points than making one large deposit and leaving it untouched. The protocol clearly rewards consistency more than short-term actions.

xPoints Multiplier Summary

Tips for Maximizing Your Position

• Prioritize liquidity provision. With a 7x multiplier, this is the most efficient way to accumulate xPoints. If the budget is limited, it makes more sense to focus on LP instead of splitting evenly across holding and lending.
•  Activate the 20% boost as early as possible. The 20% bonus is permanent and applies across the full campaign. Every day a wallet stays disconnected is another day of missed point potential.
• Choose QQQx or SPYx for a more diversified portfolio. QQQx tracks Nasdaq-100 and SPYx tracks the S&P 500, so both help spread risk instead of concentrating exposure in a single stock. SPYx currently ranks third by holder count.
• Follow official channels only. Interact only through xstocks.fi and the X account @xStocksFi. Users should not connect a wallet to any other website claiming to be xStocks. Any wallet connection request through Discord or Telegram should be treated as a scam.
• Prepare capital that can stay locked for a long time. The xPoints campaign could last for months. The Nasdaq partnership is expected in the first half of 2027, which means any possible airdrop timeline may also take time. Only use capital users are comfortable holding for longer.
• Diversify the strategy. Combining LP on Raydium at 7x with lending on Kamino at 5x can improve total points while also lowering concentration risk in one protocol.

Conclusion

xStocks is reshaping how investors access traditional equities through blockchain. With support from Kraken after the acquisition of Backed Finance in December 2025, a strategic partnership with Nasdaq, and a strong legal foundation in Switzerland, this is one of the most notable tokenized equity projects right now.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Whales Market is not responsible for any investment decisions.

FAQs

Has xStocks confirmed an airdrop yet?

No. As of March 2026, xStocks has not announced any official airdrop program. Still, CoinDesk described the xPoints system as hinting at a possible ecosystem token, which suggests there could be a token event in the future.

How does xPoints work?

xPoints is a rewards system for activity inside the xStocks ecosystem. Holding tokens gives a 1x multiplier, lending on Kamino gives 5x, and providing liquidity on Raydium gives 7x. Users who connect a wallet early also receive a permanent 20% bonus.

How much capital is needed to join?

There is no minimum capital requirement. Users can start with any amount of USDC on Solana. However, xPoints are based on position size, so larger capital will usually accumulate points faster.

Is xStocks safe?

xStocks operates under the Swiss DLT Act. Each token is backed 1:1 by real shares held at a regulated custodian. Still, smart contract risk and market risk remain, just like with any other DeFi project.

What is the relationship between xStocks and Kraken?

Kraken acquired Backed Finance, the company behind xStocks, in December 2025. xStocks now operates as part of the Kraken ecosystem, while also being available on Kraken exchange and on Solana-based DEXs.

Can xStocks be traded on Whales Market?

Users should check directly on Whales Market to see whether xStocks tokens are available on pre-market, since the token list is updated regularly.