On July 18, 2025, KuCoin launched xStocks, a range of tokenized stocks that includes assets like SPYx, CRCLx, TSLAx, MSTRx, and NVDAx. These tokenized equities are backed 1:1 by real stocks and are secured in bankruptcy-remote accounts on the Solana blockchain. The launch coincides with a significant market uptick in both traditional equities and cryptocurrencies. KuCoin aims to create a transparent and efficient trading platform accessible to investors globally, promoting seamless movement between crypto and traditional assets and focusing on user asset safety and long-term value creation.
The first batch of supported assets includes SPYx (S&P 500 ETF), CRCLx (Circle), TSLAx (Tesla), MSTRx (MicroStrategy), and NVDAx (NVIDIA)-all tokenized equities backed 1:1 by real stocks held in secure, bankruptcy remote collateral accounts, and issued on the Solana blockchain.
As traditional equities and crypto assets simultaneously enter bullish territory, xStocks offer global investors a new paradigm of portfolio construction-"with tokenized NVIDIA in one hand, Bitcoin on the other."
As the first USDT-denominated tokenized equity platform accessible in the largest number of countries and regions, KuCoin's listing of xStocks opens a low-barrier, highly efficient, and transparent investment gateway, empowering users to seamlessly move between top US equity exposure and crypto assets.
The xStocks product line is grounded in transparency and composability, with the following structural safeguards and innovations introduced to ensure user asset safety and long-term value creation.
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