xStocks | Tokenized US Stock Trading Platform with 24/7 DeFi Access
Duration
In Progress
Task
Supported Chains
Category
Table of Contents
xStocks is a platform that tokenizes US stocks and ETFs on the blockchain, enabling 24/7 DeFi-compatible trading. Developed by Kraken's parent company Payward, with Backed Finance serving as the issuer providing 1:1 fully collateralized tokenized stocks. This article covers xStocks' features, how to participate in the xPoints program, and details on the Nasdaq partnership.
Project Overview
| Item | Details |
|---|---|
| Chains | Ethereum, Solana, Mantle, TON, Ink |
| Category | RWA (Real World Assets) / Tokenized Stocks |
| Stage | Mainnet |
| Funding | $9.5M Series A (Backed Finance) |
xStocks is a tokenized stock platform for US equities and ETFs, developed by Kraken's parent company Payward, with Switzerland-based Backed Finance (founded 2021) handling token issuance. Each token is 1:1 fully collateralized by underlying assets held at regulated custodians.
Since its launch in June 2025, xStocks has achieved over $3.5 billion in on-chain trading volume, over $25 billion in total trading volume including exchanges, and more than 80,000 unique holders. Offering 79 tokenized stocks and ETFs including Tesla, Apple, and NVIDIA, it has grown into a major player in the RWA market alongside Ondo Finance.
Key Features & Strengths
- 1:1 Full Collateralization: Each token is 100% backed by actual shares held at regulated custodians
- Multi-Chain Support: Natively issued on Ethereum, Solana, Mantle, TON, Ink, and more. Cross-chain transfers available via xBridge
- xChange Integrated Execution Layer: Trade 70+ tokenized stocks directly on-chain. Integrated with 1inch, CoW Swap, and more
- 24/7 Trading: Always accessible on the blockchain, unrestricted by traditional market hours
- DeFi Integration: Supports lending, LP provision, and DEX trading. Integrated with Raydium, Jupiter, Kamino, and others
Token Information
xStocks has not yet issued its own governance token. The xPoints rewards program launched in March 2026, suggesting a potential future token issuance.
| Item | Details |
|---|---|
| Ticker | Not yet issued |
| Status | xPoints program in progress |
| Tokenized Stocks | 79 assets (stocks + ETFs) |
| Major Exchanges | Kraken, Bybit, Gate.io, OKX, Bitget |
| Major DEXs | Jupiter, Raydium, 1inch (via xChange) |
Note that individual tokenized stocks (TSLAx, NVDAx, AAPLx, SPYx, etc.) are tradable on the platform, but these are tokenized equities, not governance tokens. Tokenized stock trading on Kraken is offered with zero fees.
Airdrop & How to Participate
The xPoints rewards program launched on March 10, 2026. In the crypto industry, points programs are often used as a precursor to token issuance, drawing attention to the possibility of a future airdrop.
| Item | Details |
|---|---|
| Status | xPoints program in progress |
| Start Date | March 10, 2026 |
| Eligibility | Traders, liquidity providers, DeFi builders |
| Estimated Rewards | Undisclosed (future platform benefits suggested) |
- Visit the xStocks Platform
- Connect your wallet (MetaMask, Phantom, etc.) and trade tokenized US stocks to earn points
- Provide liquidity on DEXs like Raydium and Uniswap to earn points
- Use xStocks tokens within DeFi applications to earn points
- Invite friends through the referral program and earn points for both parties
👉 Join xPoints Now and Get a 20% Permanent Boost
Roadmap
- June 2025 — Launch: xStocks platform goes live, trading available on Kraken, Bybit, and more
- July 2025 — Rapid Growth: On-chain trading volume surpasses $300 million
- December 2025 — Kraken Acquisition: Kraken acquires Backed Finance, integrating issuance, trading, and settlement
- March 2026 — xChange Launch: Integrated execution layer enables direct on-chain trading of 70+ assets
- March 2026 — Nasdaq Partnership: Building a tokenized stock gateway connecting regulated capital markets with DeFi
- March 2026 — xPoints Launch: Rewards program begins, speculated as groundwork for token issuance
Ecosystem & Partnerships
- Kraken / Payward: Developer. Major crypto exchange offering zero-fee trading
- Backed Finance: Token issuer. Switzerland-based RWA company founded in 2021
- Nasdaq: Co-building a gateway connecting regulated capital markets with DeFi
- Chainlink: Providing oracle services including price feeds
- xStocks Alliance: Comprised of 14+ partners including Solana, Jupiter, Raydium, Kamino, and Alchemy Pay
Related Links
- Official Site: https://xstocks.fi/
- X (formerly Twitter): https://x.com/xStocksFi
- Telegram: https://t.me/xstocksfi
- Documentation: https://docs.xstocks.fi
- DeFi Dashboard: https://defi.xstocks.fi
Summary
- xStocks is an RWA platform that tokenizes US stocks and ETFs with 1:1 collateralization, enabling 24/7 trading across Ethereum, Solana, and other chains
- Developed by Kraken's parent company Payward with a Nasdaq partnership and 79 supported assets, bridging regulated capital markets and DeFi
- The xPoints rewards program launched in March 2026, with the industry closely watching the possibility of a future token issuance and airdrop
Disclaimer
- ・This article is created for informational purposes only and should not be used to solicit the sale, purchase, or underwriting of cryptocurrencies, securities, or other financial products, nor should it be considered an invitation to engage in such transactions, or constitute financial or investment advice.
- ・The information and opinions in this article are obtained from sources that we believe to be reliable, but we do not guarantee their accuracy, completeness, suitability, timeliness, or truthfulness.
- ・We, the authors, and all related parties are not responsible for any damage or loss caused by or related to the information published in this article. Cryptocurrencies involve hacking and other risks, so please conduct thorough research before using them.
Recommended Articles
