Brief
Tokenized price exposure to US stocks and ETFs, backed one-to-one by the underlying securities. The platform lists Solana, Ethereum, Mantle, TON and Ink as live networks. Access depends on jurisdiction and the distribution venue. Five USDC-quoted spot markets launched on HyperCore in August 2026.
Primary sources
Checks cover the claims listed below. Other details may still need review.
- Mantle: xStocks and Fluxion launch (opens in a new tab)
Checked
- April 10, 2026 issuer announcement confirms xStocks trading on Mantle through Fluxion with Bybit and Backed.
- Mantle: xStocks atomic RFQ on Fluxion (opens in a new tab)
Checked
- May 7, 2026 announcement describes live atomic request-for-quote minting and redemption on Fluxion; no lending integration is inferred.
- xStocks: product, networks and eligibility disclosures (opens in a new tab)
Checked
- Current supported networks include Mantle; geographic restrictions extend beyond the United States.
- xStocks: HyperCore spot-market launch (opens in a new tab)
Checked
- August 10: five USDC-quoted HyperCore spot markets; wider HyperEVM integrations remain planned.
- Bitget Wallet: RWA trading API (opens in a new tab)
Checked
- Bitget Wallet opened tokenized-stock market orders to its DEX Aggregator API partners, with Ondo and xStocks among the launch integrations. RFQ routing brings RWA execution into existing swap interfaces.
Recent activity
Latest moves on the changelog feed.
- Aug 10, 2026WIRED
xStocks launched five spot markets on Hyperliquid's HyperCore, quoted in USDC. This is a spot rollout; additional assets and broader HyperEVM integrations were announced as follow-ups.
- Jun 10, 2026WIRED
Bitget Wallet opened tokenized-stock market orders to its DEX Aggregator API partners, with Ondo and xStocks among the launch integrations. RFQ routing brings RWA execution into existing swap interfaces.
- May 12, 2026WIRED
xStocks -> Euler. Wrapped SPYx and STRCx now live as collateral on a new Cassa-curated vault, with AUSD as the borrow asset. Fourth lending venue accepting xStocks after Jupiter Lend, Morpho, and Kamino, and the first to pair them with Agora's stablecoin instead of USDC.
- Apr 15, 2026WIRED
xStocks → 360X (Kraken's tokenized equities suite listed on Deutsche Börse-backed regulated EU venue).
- Apr 10, 2026WIRED
xStocks → Mantle (tokenized equities now deployed on Mantle L2; expanded chain coverage beyond Solana and Ethereum).
- Apr 1, 2026WIRED
xStocks ↔ Morpho. SP 500 tokenized equities as lending collateral.
Snapshot
Key terms and identifiers.
- Asset value
- $250M
- Custodian
- Alpaca Securities + InCore Bank
- Spec type
- tokenized-stocks
- Volume cumulative
- $25B+
- Tokens
- 100
- Primary chain
- Solana
- Other chains
- Ethereum, Mantle, TON, Ink
- Regulator
- Jersey (Backed Finance)
- Distribution model
- Crypto exchange listings
- Distribution venues
- Kraken, Binance, Bybit, Bitget, KuCoin, OKX
- Insurance
- Lloyd's of London $175M
- Asset classes
- Equities
- Token standards
- erc-20
- Jurisdiction
- EU
- Analytics
- app.rwa.xyz/assets/xStocks
Milestones
How this player got here.
- Aug 2026Five xStocks spot markets launched on HyperCore, quoted in USDC
- Jun 2026Bitget Wallet API launched RWA market orders with Ondo and xStocks
- May 2026xStocks -> Euler. Wrapped SPYx and STRCx now live as collateral on a new Cassa-curated vault, with AUSD as the borrow asset.
- May 2026Launched xStocks atomic RFQ minting and redemption on Fluxion
- Apr 2026xStocks → 360X (Kraken's tokenized equities suite listed on Deutsche Börse-backed regulated EU venue).
- Apr 2026xStocks trading launched on Mantle through Fluxion
- Apr 2026xStocks ↔ Morpho. SP 500 tokenized equities as lending collateral.
Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
- Backed FinanceIntegratesTokenization infrastructure
- SolanaBuilds onPrimary chain
- EthereumBuilds on
- KrakenIntegratesIssuer
- KaminoIntegratesDeFi lending collateral
- MorphoIntegratesSP 500 xStock as lending collateral
- EulerIntegratesWrapped SPYx + STRCx as collateral on Cassa vault
- 360XIntegratesListed on 360X regulated venue
- MantleBuilds onTokenized equities deployed on Mantle L2
- HyperliquidIntegratesFive HyperCore spot markets (August 2026)
