On June 30, 2025, Backed Finance launched xStocks, a platform for trading tokenized versions of U.S.-listed stocks and ETFs on Solana. This article highlights the key aspects and benefits of the new service.
How xStocks Tokenizes Real Stocks
Tokenization in xStocks involves issuing digital tokens representing ownership of traditional stocks. Each stock, such as Apple or Tesla, is acquired and held by regulated third parties, with a corresponding token minted on the Solana blockchain for each share. xStocks are available for over 60 companies and ETFs, providing real value to the assets.
Benefits of Round-the-Clock Trading
One of the main advantages of xStocks is the ability to trade 24/7, allowing users to react to news and manage positions at any time. This solution simplifies access for investors worldwide, particularly for those not in U.S. time zones.
How to Get Started with xStocks
To start trading with xStocks, users must set up a Solana wallet and fund it with SOL or stablecoins. xStocks are available to investors in over 170 countries, but U.S. residents should consider the restrictions associated with securities regulation.
The tokenization of stocks through xStocks represents a new step in integrating traditional financial instruments into the blockchain world. Despite risks and limitations, the platform can significantly simplify investment access for a global audience.
