Coinranking
xStocks
124 coins #52
Trending xStocks
| Coins | Price | 24h | |
|---|---|---|---|
| |  SP500 tokenized stock (xStock) SPYX | $ | -0.08%  |
Top Gainers
| Coins | | | |||
|---|---|---|---|---|---|
| |  Circle tokenized stock (xStock) CRCLX | $ | +8.68%  | ||
| |  Robinhood tokenized stock (xStock) HOODX | $ | +1.66%  | ||
| |  Coinbase xStock COINx | $ | +1.56%  | ||
| |  Amazon xStock AMZNX | $ | +0.95%  | ||
| |  McDonald's xStock MCDx | $ | +0.11%  | ||
| All Gainers | |||||
What Are xStocks?
xStocks are tokenized, fractional shares of real-world stocks and ETFs issued by Backed and traded 24/7 on-chain. Each token is a 1:1 (or SPV-backed) representation of the underlying equity, giving global users price exposure without a traditional brokerage. Tokens live on public blockchains (currently Solana SPL, expanding to Polygon, BNB, etc.) and can be swapped, lent, or used as collateral inside DeFi.
Quick Facts
- Issuer: Backed Finance AG (Swiss-regulated) – holds underlying shares in bankruptcy-remote SPVs.
- Chains: Solana (SPL) first; Ethereum, Polygon, BNB deployments rolling out.
- Rights: Price exposure only – no voting, no direct dividends (dividend equivalents are reinvested or paid in stablecoins per issuer docs).
- Availability: Trade on Kraken, Bybit, Gate, PancakeSwap (BSC), Orca (Solana) and soon major CEXs.
- Settlement: T+0 on-chain vs. T+2 in TradFi; fractional amounts (0.001 share) allowed.
xStocks You Should Know
| Ticker | Underlying | Blockchain(s) | Notes |
|---|---|---|---|
| bNVDA | NVIDIA Corp. | Solana SPL | Largest single-stock xStock by TVL. |
| bTSLA | Tesla Inc. | Solana + BNB | 24/7 Elon exposure; deep pool on PancakeSwap v3. |
| bAAPL | Apple Inc. | Solana | Fractional < $1 slices. |
| bCOIN | Coinbase Global | Solana | Crypto-beta play. |
| bSPY | SPDR S&P 500 ETF | Solana | Whole-index exposure. |
| bQQQ | Invesco QQQ ETF | Polygon (coming) | Tech basket proxy. |
Benefits
- Always-open markets – trade NVDA at 3 a.m. Sunday.
- Fractional access – 5 USD buys 0.01 AAPL instead of a $170 share.
- DeFi composability – supply bTSLA to lending pools, collateralise for stablecoins, or LP for yield.
- Borderless – no U.S. brokerage account required; KYC only at on-/off-ramp.
Risks & Trade-offs
- Custody & issuer risk – tokens are IOUs; Backed’s SPV or Swiss regulatory standing must remain intact.
- Price drift – low liquidity or after-hours crypto volatility can push token premium/discount to NAV.
- No shareholder rights – no voting, no annual reports, dividend equivalents may be taxed differently.
- Regulatory uncertainty – tokenized securities sit in a grey zone in many jurisdictions; delisting risk exists.
- Bridge risk – wrapped versions moving cross-chain add smart-contract attack surface.
Due-Diligence Checklist
- Read Backed’s Offering Memorandum – confirms 1:1 backing, custody banks, audit frequency.
- Check NAV premium/discount on Backed’s site or Backed Explorer.
- Verify token contract on Backed’s official GitHub – avoid fake clones.
- Confirm liquidity pool size > $1 M and daily volume > $100 k to limit slippage.
- Understand tax treatment – many jurisdictions treat xStocks as derivatives or collectibles.
Final Thoughts
xStocks blend TradFi equity exposure with DeFi speed and composability—ideal for night-owl traders, global users without U.S. brokers, or degens seeking collateral. Treat them as price-tracking IOUs, not true shares, and size exposure according to issuer, liquidity, and regulatory risk. When in doubt, start small, diversify across tickers, and keep a close eye on NAV deviations.