On July 18, 2025, cryptocurrency exchange KuCoin announced the listing of tokenized stocks known as xStocks, marking a new step in expanding their market offerings.
Announcement of xStocks Listing
KuCoin officially announced the listing of xStocks and joining the xStocks alliance. These are tokenized stocks backed by the Swiss company Backed. The initially declared assets include SPYx (S&P 500 ETF), CRCLx (Circle), TSLAx (Tesla), MSTRx (MicroStrategy), and NVDAx (NVIDIA). All tokens are backed 1:1 by real stocks held in secure, independent accounts and are created on the Solana blockchain.
Global Trends and Added Value
Against the backdrop of NVIDIA's market capitalization exceeding $4 trillion on July 10, 2025, and Bitcoin reaching a record high of $120,000 on July 14, xStocks open new horizons for investors. The platform allows users to easily move between traditional stocks and crypto assets, providing an opportunity for building an investment portfolio that combines tokenized stocks and cryptocurrencies.
About KuCoin and Backed
Founded in 2017, KuCoin has quickly become one of the most recognized global cryptocurrency exchanges, serving over 41 million users in 200 countries. Backed, established in 2021, is a leading issuer of tokenized stocks and ETFs. Backed's products include ERC-20 and SPL tokens that are compatible with the Ethereum and Solana DeFi ecosystems.
With the launch of xStocks, KuCoin offers an innovative approach to diversifying investment portfolios and adapting to changing market conditions, making the platform a key player at the intersection of traditional finance and the crypto economy.
