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Project Overview
X Layer is a ZK-powered Layer 2 network that connects the OKX and Ethereum communities to allow anyone to take part in a truly global on-chain ecosystem.
Perpetual contract platform RWAperp completes $2 million in financing
perpetual contract platform RWAperp has announced the completion of $2 million in financing, with a post-investment valuation of $50 million. Participants in the round include Lime co-founder Brad Bao, Cresta AI co-founder Tim Shi, Tesla Autopilot team member Phil Duan, Crux members William Freiberg and Charles Ferguson, as well as members of the a16z and Sequoia Scout networks.RWAperp is a decentralized perpetual contract protocol for traditional financial assets. It is currently live on OKX X Layer and has opened 19 markets, covering BTC, ETH, SOL, Korean and U.S. stocks, the S&P 500 Index, the DRAM Index, gold, silver, and WTI crude oil. Users can settle in USDC, USDT, or USDG and gain leveraged long and short exposure to stocks, indices, commodities, and crypto assets without needing to hold, custody, or tokenize the underlying assets.RWAperp primarily designs its trading, pricing, liquidity, and risk management systems around the trading characteristics of the stock market, and handles situations such as market closure periods, overnight gaps, trading halts, and corporate actions. The platform uses a multi-issuer composite oracle and provides a professional order book trading terminal.RWAperp is also developing Agent Mode. This AI feature is designed to understand natural language trading instructions, analyze market conditions, and gradually support trading execution operations such as opening positions, position management, and closing positions. (The Block)
X Layer and xStocks Forge Strategic Partnership, OKX Wallet to Integrate Tokenized Stock Assets
Odaily reports, according to official sources, X Layer has entered into a strategic partnership with xStocks, a regulated tokenized stock issuance platform. Together, they will promote the integration of tokenized stock assets into the X Layer ecosystem and make related trading services accessible to OKX Wallet users. In the future, users will be able to trade xStocks-related assets 24/7 within the OKX Wallet, benefiting from the settlement, liquidity, and distribution capabilities provided by X Layer. The two parties will also launch a fast-listing mechanism to accelerate the tokenization and trading circulation of popular stocks and thematic ETFs within a compliant framework.It is reported that X Layer is committed to building on-chain infrastructure for financial assets, covering key areas such as settlement, liquidity, and distribution. xStocks has previously facilitated over $31 billion in cumulative tokenized stock trading volume and has become the first major issuer to commit to providing asset depth on X Layer, driving the expansion of tokenized stock scale.
38 companies oppose OKXICE's tokenized stock plan, accounting for about 60% of target companies
Odaily reports: An announcement updated by OKXICE on October 28 shows that Walmart, Eli Lilly, Cigna, Carnival Corporation, and Arcos Dorados oppose its stock tokenization plan. With the addition of five companies, 38 of the 63 target companies have now formally objected, accounting for about 60%; the combined market capitalization of these companies exceeds $19.4 billion.OKXICE is a joint venture established by crypto exchange OKX and Intercontinental Exchange (ICE), planning to allow eligible investors to trade blockchain-mapped tokens of U.S. stocks around the clock using stablecoins. The tokens will be backed by real shares held by a registered broker-dealer, and trading is intended to be conducted through permissioned Uniswap v4 liquidity pools on the OKX X Layer network.The temporary regulatory exemption established by the U.S. Securities and Exchange Commission (SEC) in September allows eligible platforms to conduct tokenized stock trading without complying with some traditional exchange requirements, and allows listed companies to object to third-party tokenization of their shares. The announcement listed the companies that raised objections but did not explain their specific reasons. (Bitcoin.com News)
Three Companies Plan to Operate Tokenized Securities Trading Venues Under SEC Innovation Exemption
Odaily reports: A Fox Business crypto reporter posted on X platform that the U.S. Securities and Exchange Commission (SEC) stated that three companies have notified it of their plans to operate tokenized securities trading venues (TSVs) under the new innovation exemption policy. TSV LLC is held by Obsidian Systems co-founders Ali Abrar and Ryan Trinkle, with Ryan Trinkle also serving as a board member of the Canton Foundation; the platform plans to operate on Canton Network. OKXICE is a joint venture between OKX and ICE Markets, planning to operate on OKX's Ethereum Layer 2 network X Layer. Kephas Corp. is the U.S. subsidiary of Perpetuals.com, led by founder @PGruhnPDC, who previously served as head of FTX Europe; the platform plans to operate on Kronos X Public, a public, permissionless Layer 2 network that adopts permissioned trading pools. The SEC stated that inclusion on this list does not mean the relevant companies have met the conditions of the innovation exemption.
OKX Star: X Layer will soon launch U.S. stock tokens for xStocks
According to an X post, Star, founder and CEO of OKX, stated: “Tokenized stocks are one of the most important use cases for RWAs. We expect to see xStocks on X Layer soon—bringing global equities on-chain and expanding access to capital markets.” It is reported that X Layer has previously entered a strategic partnership with xStocks, a regulated tokenized stock issuance platform; xStocks-related assets will be gradually integrated into the X Layer ecosystem and OKX Wallet. Star believes that access to global markets should be as open as access to information.
X Layer and xStocks Forge Strategic Partnership, OKX Wallet to Integrate Tokenized Stock Assets
Odaily reports, according to official sources, X Layer has entered into a strategic partnership with xStocks, a regulated tokenized stock issuance platform. Together, they will promote the integration of tokenized stock assets into the X Layer ecosystem and make related trading services accessible to OKX Wallet users. In the future, users will be able to trade xStocks-related assets 24/7 within the OKX Wallet, benefiting from the settlement, liquidity, and distribution capabilities provided by X Layer. The two parties will also launch a fast-listing mechanism to accelerate the tokenization and trading circulation of popular stocks and thematic ETFs within a compliant framework.It is reported that X Layer is committed to building on-chain infrastructure for financial assets, covering key areas such as settlement, liquidity, and distribution. xStocks has previously facilitated over $31 billion in cumulative tokenized stock trading volume and has become the first major issuer to commit to providing asset depth on X Layer, driving the expansion of tokenized stock scale.
OKX Star: The Next Chapter of On-Chain Finance, Co-Written by Everyone Who Wants to Build Markets
According to an official announcement, OKX has officially released the Exchange OS Whitepaper—a set of open-protocol infrastructure enabling anyone to deploy spot, perpetual futures, or prediction markets on X Layer without platform approval. Star, Founder and CEO of OKX, stated: “We believe the next evolution of on-chain finance lies in building shared market infrastructure—empowering developers and institutions to create new trading markets more efficiently, while retaining full flexibility in frontend design, market structure, risk control, and compliance frameworks.”
38 companies oppose OKXICE's tokenized stock plan, accounting for about 60% of target companies
Odaily reports: An announcement updated by OKXICE on October 28 shows that Walmart, Eli Lilly, Cigna, Carnival Corporation, and Arcos Dorados oppose its stock tokenization plan. With the addition of five companies, 38 of the 63 target companies have now formally objected, accounting for about 60%; the combined market capitalization of these companies exceeds $19.4 billion.OKXICE is a joint venture established by crypto exchange OKX and Intercontinental Exchange (ICE), planning to allow eligible investors to trade blockchain-mapped tokens of U.S. stocks around the clock using stablecoins. The tokens will be backed by real shares held by a registered broker-dealer, and trading is intended to be conducted through permissioned Uniswap v4 liquidity pools on the OKX X Layer network.The temporary regulatory exemption established by the U.S. Securities and Exchange Commission (SEC) in September allows eligible platforms to conduct tokenized stock trading without complying with some traditional exchange requirements, and allows listed companies to object to third-party tokenization of their shares. The announcement listed the companies that raised objections but did not explain their specific reasons. (Bitcoin.com News)
Pump.fun Launches on X Layer, Supporting Trading with a Unified USDC Balance
According to official statements from Pump.fun, the Pump.fun app now officially supports X Layer. Users can trade all tokens on X Layer using a single USDC balance, without needing to manually bridge or switch wallets.
Principia Labs: X Layer Q3 TradeZone Volume Reaches 287 Million Transactions, DeFi TVL Doubles QoQ
Odaily reports: According to the "X Layer Q3 2026 Fundamental Report" released by Principia Labs, X Layer saw significant growth in on-chain activity and DeFi ecosystem scale in the third quarter. Among these, TradeZone cumulatively processed approximately 287 million transactions, 2.6 times the EVM transaction volume during the same period; average daily EVM transactions grew 262% quarter-over-quarter to 1.22 million, total value locked (TVL) in DeFi grew 100% quarter-over-quarter to $173.4 million, and fee revenue from ecosystem applications grew 490% quarter-over-quarter to $1.86 million.Additionally, the report shows that OKB market capitalization grew 53.8% quarter-over-quarter to $2.54 billion. Principia Labs believes that with the development of Exchange OS, X Layer is gradually forming a full-stack trading system covering on-chain trading and DeFi applications.
Perpetual contract platform RWAperp completes $2 million in financing
perpetual contract platform RWAperp has announced the completion of $2 million in financing, with a post-investment valuation of $50 million. Participants in the round include Lime co-founder Brad Bao, Cresta AI co-founder Tim Shi, Tesla Autopilot team member Phil Duan, Crux members William Freiberg and Charles Ferguson, as well as members of the a16z and Sequoia Scout networks.RWAperp is a decentralized perpetual contract protocol for traditional financial assets. It is currently live on OKX X Layer and has opened 19 markets, covering BTC, ETH, SOL, Korean and U.S. stocks, the S&P 500 Index, the DRAM Index, gold, silver, and WTI crude oil. Users can settle in USDC, USDT, or USDG and gain leveraged long and short exposure to stocks, indices, commodities, and crypto assets without needing to hold, custody, or tokenize the underlying assets.RWAperp primarily designs its trading, pricing, liquidity, and risk management systems around the trading characteristics of the stock market, and handles situations such as market closure periods, overnight gaps, trading halts, and corporate actions. The platform uses a multi-issuer composite oracle and provides a professional order book trading terminal.RWAperp is also developing Agent Mode. This AI feature is designed to understand natural language trading instructions, analyze market conditions, and gradually support trading execution operations such as opening positions, position management, and closing positions. (The Block)
X Layer RWA Ecosystem Liquidity Incentive Program Round 2 Opens, Offering 100,000 USDG in Incentives
Odaily reports: According to official sources, the second round of X Layer's $5 million RWA ecosystem liquidity incentive program is now open. This round focuses on the RWA Meme ecosystem, offering a total of 100,000 USDG in liquidity incentives. The list of selected trading pairs will be announced on September 18. During the campaign period (September 18 to September 25), users can provide liquidity for designated RWA Meme trading pairs and participate in reward distribution.It is reported that X Layer previously completed its first round of RWA liquidity incentives. This round will further focus on the RWA Meme ecosystem, continuing to support the on-chain liquidity development of RWA assets.
OKX Wallet Boost Launches New X Liquidity Incentive Campaign
Odaily News, according to official sources, the new X Liquidity campaign under OKX Wallet Boost has gone live. Users can participate through the Boost entry point in OKX Wallet by providing liquidity to eligible trading pairs. In addition to earning LP yields, participants can share in a total incentive pool of approximately $240,000 in USDT. The campaign will run until September 24, 15:00 (UTC+8).It is reported that X Liquidity serves as the entry point for liquidity incentive and staking campaigns on X Layer, aimed at enhancing on-chain liquidity and trading experience for RWA, stablecoins, and major crypto assets. This campaign is part of X Layer's $5 million liquidity incentive program.
Related news
38 companies oppose OKXICE's tokenized stock plan, accounting for about 60% of target companies
Odaily reports: An announcement updated by OKXICE on October 28 shows that Walmart, Eli Lilly, Cigna, Carnival Corporation, and Arcos Dorados oppose its stock tokenization plan. With the addition of five companies, 38 of the 63 target companies have now formally objected, accounting for about 60%; the combined market capitalization of these companies exceeds $19.4 billion.OKXICE is a joint venture established by crypto exchange OKX and Intercontinental Exchange (ICE), planning to allow eligible investors to trade blockchain-mapped tokens of U.S. stocks around the clock using stablecoins. The tokens will be backed by real shares held by a registered broker-dealer, and trading is intended to be conducted through permissioned Uniswap v4 liquidity pools on the OKX X Layer network.The temporary regulatory exemption established by the U.S. Securities and Exchange Commission (SEC) in September allows eligible platforms to conduct tokenized stock trading without complying with some traditional exchange requirements, and allows listed companies to object to third-party tokenization of their shares. The announcement listed the companies that raised objections but did not explain their specific reasons. (Bitcoin.com News)
Pump.fun Launches on X Layer, Supporting Trading with a Unified USDC Balance
According to official statements from Pump.fun, the Pump.fun app now officially supports X Layer. Users can trade all tokens on X Layer using a single USDC balance, without needing to manually bridge or switch wallets.
xStocks Tokenized Stocks On-Chain Market Cap Surpasses $1 Billion, Up 802.5% Over the Past Year
According to data from Token Terminal, the on-chain market capitalization of tokenized stocks issued by xStocks has reached $1 billion, up 802.5% over the past year. The underlying assets are currently distributed across nine blockchains. By network, Solana leads with a market cap of $523.1 million, followed by X Layer and Ethereum at $304.1 million and $165.1 million, respectively. By asset, STRCx ranks first with a market cap of $144.7 million, while MSTRx and CRCLx stand at $124.4 million and $108.4 million, respectively.
Dune Launches Real-Time On-Chain Market Data Streams, Covering 12 Networks and Over 200 On-Chain Trading Platforms
Odaily reports: Crypto data analytics platform Dune has announced the launch of real-time market data streams, with spot trading data available within approximately 1 second after a trade is executed, covering more than 200 on-chain trading platforms across 12 blockchain networks, including Solana, Ethereum, Base, BNB Chain, and X Layer; perpetual contract data streams will track trading on Hyperliquid and Lighter.Dune co-founder and CEO Fredrik Haga stated that on-chain trading currently accounts for approximately 25% of total crypto spot trading volume, and as tokenized asset trading develops, market demand for on-chain data continues to grow. Dune said the new data service will help hedge funds, asset managers, market makers, and brokers track on-chain price discovery within their existing market data systems. The company also noted that OKXICE, a joint venture between OKX and Intercontinental Exchange (ICE), has submitted an application to list 63 tokenized stocks on X Layer. (The Block)
Principia Labs: X Layer Q3 TradeZone Volume Reaches 287 Million Transactions, DeFi TVL Doubles QoQ
Odaily reports: According to the "X Layer Q3 2026 Fundamental Report" released by Principia Labs, X Layer saw significant growth in on-chain activity and DeFi ecosystem scale in the third quarter. Among these, TradeZone cumulatively processed approximately 287 million transactions, 2.6 times the EVM transaction volume during the same period; average daily EVM transactions grew 262% quarter-over-quarter to 1.22 million, total value locked (TVL) in DeFi grew 100% quarter-over-quarter to $173.4 million, and fee revenue from ecosystem applications grew 490% quarter-over-quarter to $1.86 million.Additionally, the report shows that OKB market capitalization grew 53.8% quarter-over-quarter to $2.54 billion. Principia Labs believes that with the development of Exchange OS, X Layer is gradually forming a full-stack trading system covering on-chain trading and DeFi applications.
Three companies plan to operate tokenized securities trading platforms under the SEC's exemptive relief.
据记者 Eleanor Terrett（@EleanorTerrett）报道，美国证券交易委员会（SEC）表示，已有三家公司通知该机构，计划依据其新推出的创新豁免运营代币化证券交易场所（TSV）： • TSV LLC：由 Obsidian Systems 联合创始人 Ali Abrar 和 Ryan Trinkle 持有。Trinkle 同时担任 Canton 基金会董事会成员。该公司计划在 Canton Network 上运营。 • OKXICE：OKX 与 ICE（洲际交易所）的合资企业，计划在 OKX 的以太坊 Layer 2 网络 X Layer 上运营。 • Kephas Corp.：Perpetuals.com 的美国子公司，由创始人 Peter Gruhn 领导，他曾任 FTX Europe 负责人。该公司计划在公共、无许可的 Layer 2 网络 Kronos X Public 上运营，并采用许可制交易池。 SEC 同时强调，名单上出现某家公司，并不代表该公司已满足豁免条件。