Trending xStocks
Coins | Price | 24h | |
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| ![]() | $ | -0.78% |
| ![]() | $ | +0.24% |
| ![]() | $ | -0.79% |
| ![]() | $ | -1.99% |
| ![]() | $ | +0.43% |
Top gainers
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| ![]() | $ | +2.55% | ||
| ![]() | $ | +0.43% | ||
| ![]() | $ | +0.42% | ||
| ![]() | $ | +0.24% | ||
| ![]() | $ | -0.78% | ||
All gainers |
What Are xStocks?
xStocks are tokenized representations of real-world stocks and ETFs issued for trading on blockchain networks. They aim to provide 24/7, fractional, on-chain exposure to equities by minting blockchain tokens that track (and are typically backed by) underlying shares or SPV structures.
Quick Facts
- Issuer / model: xStocks are issued by Backed (the Backed / xStocks initiative) and are designed to be 1:1-backed or SPV-backed representations of underlying equities.
- Chains & formats: Initially available as on-chain tokens (e.g., SPL on Solana) and expanding to other chains and exchange listings.
- Availability: Traded on selected CEXs and in DeFi markets—goal is global, 24/7 access to U.S. equities and ETFs.
- Rights: Owning an xStock token usually gives price exposure only — it typically does not convey shareholder voting rights or direct dividend claims unless explicitly stated by the issuer.
- Official links:
- xStocks official site: https://xstocks.com/
- Backed / issuer: https://backed.com/
- Kraken xStocks FAQ: https://support.kraken.com/articles/xstocks-faq
xStocks You Should Know
- Backed / xStocks product: Backed is the primary issuer behind the xStocks initiative, listing a catalog of tokenized U.S. stocks and ETFs.
- Exchange partners: Early distribution and listings have appeared via CEX partners and DeFi venues (examples include Kraken, Bybit, and Solana DeFi integrations).
- Ecosystem growth: Platforms and exchanges are rapidly expanding support (multi-chain deployments and new pairings are common).
Benefits
- 24/7 trading & settlement: Trade equities outside traditional market hours with near-instant settlement on-chain.
- Fractional access: Enables smaller minimums and fine-grained exposure to expensive stocks.
- On-chain composability: Tokenized stocks can be used inside DeFi primitives (markets, liquidity pools, wrapped yield products) where supported.
- Borderless access: Potentially opens U.S. equity price exposure to users in regions without easy broker access.
Final Thoughts
xStocks are a fast-evolving bridge between TradFi and DeFi that offer convenient, fractional, and always-on exposure to equities — but they carry tradeoffs and risks: limited shareholder rights, custody/backing model risk, price divergence or liquidity gaps, and regulatory uncertainty. Always verify issuer backing, read the product’s legal & custody documentation, check liquidity and spread behavior, and be aware that token price may deviate from the underlying stock during low liquidity or cross-market arbitrage windows.