xStocks Launches on KuCoin: Trade Tokenized Tesla, NVIDIA, and MicroStrategy Stocks with USDT

KuCoin, one of the world’s largest crypto exchanges, officially launched xStocks — a tokenized stock package issued by Swiss tokenization firm Backed.

KuCoin has launched xStocks, offering tokenized versions of top stocks such as Tesla, NVIDIA, and the S&P 500 ETF. The product is fully 1:1 backed and issued on the Solana blockchain.

Now, users can trade both cryptocurrencies and traditional stocks using USDT, without needing fiat money or switching platforms.

KuCoin, one of the world’s largest crypto exchanges, officially launched xStocks — a tokenized stock package issued by Swiss tokenization firm Backed.

This marks a significant milestone in merging traditional finance (TradFi) and decentralized finance (DeFi), allowing over 41 million users across 200+ countries to trade top global stocks with USDT from a single crypto account.

What is xStocks?

xStocks are 1:1 tokenized copies of real-world stocks and ETFs, including:

• SPYx – S&P 500 ETF

• TSLAx – Tesla

• MSTRx – MicroStrategy

• NVDAx – NVIDIA

• CRCLx – Circle

These tokens are issued on Solana (compatible with Ethereum), ensuring fast and low-cost transactions, fully backed by underlying stocks held in regulated custodial accounts.

Why it Matters

The timing aligns with record market milestones — NVIDIA recently surpassed a $4 trillion valuation, and Bitcoin crossed $120,000. xStocks enables:

• 24/7 stock trading using USDT

• Instant access without fiat onboarding

• Easy switching between crypto and stocks

• Flexible portfolio allocation

Transparency & Compliance

Backed ensures:

• Tokens issued under an EU-approved prospectus

• Compliant with Swiss DLT law

• Chainlink-based Proof of Reserves coming soon

• Token holders have direct claims on underlying assets

KuCoin's Strategic Evolution

KuCoin is becoming a global multi-asset platform, offering seamless access to crypto and stocks, improving capital efficiency, and providing retail and institutional users with more portfolio options.

Editor: Jerg Wos

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