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xStocks is a tokenized stock issuance platform. All xStocks tokens are freely transferable. They can be used in lending agreements, DEX or any DeFi application. Powered by Backed.
Binance Wallet Launches SpaceX Tokenized Stock Subscription Campaign, Users with 200 Alpha Points Can Get 500,000 Staking Quota
that, according to an official announcement, Binance Wallet will launch the SPCXx IPO Campaign, offering eligible users the opportunity to subscribe to tokenized SpaceX shares through xStocks. The subscription window is from 16:30 to 12:00 (UTC+8) on June 11 to June 12.The announcement indicates that the subscription target is the SpaceX tokenized stock SPCXx, with an indicative price of 135 USDC per share, corresponding to an implied valuation of approximately $1.75 trillion. Subscriptions are supported in USDC, with a minimum subscription amount of 100 USDC, and a 5% underwriting service fee will be charged.This event employs a Binance Wallet Alpha Points interval quota mechanism, where users with Alpha Points greater than 0, 40, 100, and 200 can obtain corresponding staking quotas of 20,000, 100,000, 200,000, and 500,000, respectively. Users with successful subscriptions will receive the SPCXx token after the issuance is completed.Binance stated that SPCXx does not represent direct ownership of SpaceX shares. Holders do not have shareholder rights such as voting rights or dividend rights, and a subscription application does not guarantee final allocation.
Bitget Wallet Opens SpaceX Tokenized IPO Subscription—$10 Minimum Investment, No Threshold
Bitget Wallet has opened the first subscription for SpaceX’s tokenized IPO stock, SPCXx, with a total quota of $3 million. The minimum subscription amount is $10 per user, and the maximum per user is $5,000—on a first-come, first-served basis. SPCXx is issued by xStocks, a tokenized stock trading platform. The subscription price is $135, and underwriters will charge an additional 5% fee. Subscriptions open at 4:00 PM Beijing Time on June 9 and close at 4:00 PM Beijing Time on June 11. Upon completion of the subscription period, SPCXx tokens will be automatically sent to users’ wallets, with distribution expected to be finalized by 8:30 PM Beijing Time on June 12. This subscription requires no overseas brokerage or exchange accounts, VIP tier, or holding prerequisites. Users may pay directly using stablecoins—including USDT and USDC—on Base, Ethereum, BNB Chain, Solana, and TRON. The SpaceX tokenized IPO operates via xStocks—a collaboration between Bitget Wallet and Backed. The tokenized stocks issued are fully backed 1:1 by underlying assets held by Backed. Note that the $135 subscription price is not the final fixed issuance price; the final IPO price will be determined by the issuer and underwriters based on a comprehensive assessment of order book demand, market conditions, and valuation factors. During the subscription period, users typically see only a reference price.
X Layer and xStocks Forge Strategic Partnership, OKX Wallet to Integrate Tokenized Stock Assets
Odaily reports, according to official sources, X Layer has entered into a strategic partnership with xStocks, a regulated tokenized stock issuance platform. Together, they will promote the integration of tokenized stock assets into the X Layer ecosystem and make related trading services accessible to OKX Wallet users. In the future, users will be able to trade xStocks-related assets 24/7 within the OKX Wallet, benefiting from the settlement, liquidity, and distribution capabilities provided by X Layer. The two parties will also launch a fast-listing mechanism to accelerate the tokenization and trading circulation of popular stocks and thematic ETFs within a compliant framework.It is reported that X Layer is committed to building on-chain infrastructure for financial assets, covering key areas such as settlement, liquidity, and distribution. xStocks has previously facilitated over $31 billion in cumulative tokenized stock trading volume and has become the first major issuer to commit to providing asset depth on X Layer, driving the expansion of tokenized stock scale.
Bitget Wallet Integrates xStocks and Launches Tiered Trading Campaign with $100,000 Total Prize Pool
Bitget Wallet has announced the completion of its RWA trading upgrade and integrated xStocks as a new source of tokenized stocks, providing users with global tokenized stock trading capabilities. From May 19 to June 14 (Beijing time), Bitget Wallet users who complete tiered trading tasks can receive up to $264 in rewards, with a total prize pool of $100,000. Additionally, users who hold, add liquidity to, or participate in the lending market for any xStocks token will receive a 20% exclusive xPoints bonus.Through this upgrade, users can now trade over 300 types of RWA tokens across Ethereum, Solana, and BNB Chain, covering various assets such as US stocks, ETFs, oil, precious metals, and country indices. The service supports 24/7 trading, low transaction fees, and gas-free execution, with trading starting from $0 and no minimum threshold requirement. Currently, Bitget Wallet supports a dual RFQ + AMM trading mechanism, enabling instant execution and effectively reducing spread slippage. It has also integrated AI market signals to assist in trading decisions.xStocks is developed in collaboration between Kraken and Backed. Its tokenized stock products adopt a 1:1 full collateral mechanism with underlying assets. Since its launch in June 2025, the platform has processed a cumulative trading volume exceeding $30 billion. This integration will further advance Bitget Wallet's "Everyday Finance, Onchain" strategy, aiming to enable users to conduct daily trading of traditional financial assets through on-chain wallets, breaking down the geographical and entry barriers imposed by traditional financial infrastructure.
Kraken Opens Jersey Mike's IPO Subscription and Tokenized Stock Application to Retail Investors
: Crypto exchange Kraken has opened subscription for Jersey Mike's planned IPO to retail investors. Eligible U.S. users can apply to subscribe to book-entry shares at the IPO price, while users in over 110 countries and regions can apply for tokenized stock JMKEx. JMKEx is backed 1:1 by the underlying stock and custodied with regulated institutions. Allocation results are determined by the IPO underwriters, and a successful allocation is not guaranteed; after the IPO completion, JMKEx will be tradable on Kraken and participating xStocks Alliance platforms 24 hours a day, 5 days a week. Kraken stated that the tokenized stock can be transferred between platforms participating in the xStocks Alliance, on-chained, and accessed via compatible decentralized finance applications. Jersey Mike's is a U.S. sandwich chain brand with over 3,300 stores. Its expected IPO price is between $21 and $25 per share, and it will be listed on the New York Stock Exchange under the ticker JMKE.
Kraken's Parent Company Payward Expands xStocks to Hong Kong, UK, and Korean Stocks
According to CoinDesk, Kraken's parent company Payward announced it will expand its tokenized stock platform xStocks to markets outside the United States, planning to partner with investment infrastructure provider GTN to bring listed stocks from Hong Kong, the UK, Europe, and South Korea on-chain, with further expansion to other asset classes subject to regulatory approval. Currently, xStocks supports over 500 tokenized securities, with cumulative trading volume exceeding $35 billion and nearly 200,000 holders, but the product is not currently open to US investors.
OKX Star: X Layer will soon launch U.S. stock tokens for xStocks
According to an X post, Star, founder and CEO of OKX, stated: “Tokenized stocks are one of the most important use cases for RWAs. We expect to see xStocks on X Layer soon—bringing global equities on-chain and expanding access to capital markets.” It is reported that X Layer has previously entered a strategic partnership with xStocks, a regulated tokenized stock issuance platform; xStocks-related assets will be gradually integrated into the X Layer ecosystem and OKX Wallet. Star believes that access to global markets should be as open as access to information.
Kraken to Open U.S. IPO Offering Price Subscription to Global Retail Investors via xStocks
According to The Block, Payward—the parent company of Kraken—announced that it will open up access to IPO offering-price subscriptions for U.S. publicly traded companies to Kraken users and select partner platform users via the xStocks framework in the coming weeks. Users may submit non-binding subscription indications prior to listing; Payward will aggregate demand and coordinate with underwriting syndicates to allocate tokenized shares at the offering price on the listing day. These stock tokens are fully backed 1:1 by the underlying equities held in custody by regulated entities and are tradable across blockchains including Ethereum, Solana, and TON. Payward stated that it plans to expand into additional markets and onboard more partners to the xStocks Alliance in the future.
Kraken to Open US Stock IPO Subscription to Global Retail Investors via xStocks
xStocks, a framework under Kraken parent company Payward, will launch services allowing users on Kraken and partner platforms to participate in US stock IPOs at the offering price. Users will receive on-chain tokenized shares with a 1:1 correspondence to the underlying stock, which will be held by regulated custodians.Users can submit non-binding subscription intentions via partner platforms weeks before the IPO. Payward aggregates demand, coordinates with the underwriting syndicate for share allocation, and completes pricing, allocation, and token issuance on the listing date. xStocks tokens will be tradable across multiple blockchains including Ethereum, Solana, and TON, and can be integrated with DeFi protocols. (The Block)
X Layer and xStocks Forge Strategic Partnership, OKX Wallet to Integrate Tokenized Stock Assets
Odaily reports, according to official sources, X Layer has entered into a strategic partnership with xStocks, a regulated tokenized stock issuance platform. Together, they will promote the integration of tokenized stock assets into the X Layer ecosystem and make related trading services accessible to OKX Wallet users. In the future, users will be able to trade xStocks-related assets 24/7 within the OKX Wallet, benefiting from the settlement, liquidity, and distribution capabilities provided by X Layer. The two parties will also launch a fast-listing mechanism to accelerate the tokenization and trading circulation of popular stocks and thematic ETFs within a compliant framework.It is reported that X Layer is committed to building on-chain infrastructure for financial assets, covering key areas such as settlement, liquidity, and distribution. xStocks has previously facilitated over $31 billion in cumulative tokenized stock trading volume and has become the first major issuer to commit to providing asset depth on X Layer, driving the expansion of tokenized stock scale.
Kraken Opens Jersey Mike's IPO Subscription and Tokenized Stock Application to Retail Investors
: Crypto exchange Kraken has opened subscription for Jersey Mike's planned IPO to retail investors. Eligible U.S. users can apply to subscribe to book-entry shares at the IPO price, while users in over 110 countries and regions can apply for tokenized stock JMKEx. JMKEx is backed 1:1 by the underlying stock and custodied with regulated institutions. Allocation results are determined by the IPO underwriters, and a successful allocation is not guaranteed; after the IPO completion, JMKEx will be tradable on Kraken and participating xStocks Alliance platforms 24 hours a day, 5 days a week. Kraken stated that the tokenized stock can be transferred between platforms participating in the xStocks Alliance, on-chained, and accessed via compatible decentralized finance applications. Jersey Mike's is a U.S. sandwich chain brand with over 3,300 stores. Its expected IPO price is between $21 and $25 per share, and it will be listed on the New York Stock Exchange under the ticker JMKE.
Kraken's Parent Company Payward Expands xStocks to Hong Kong, UK, and Korean Stocks
According to CoinDesk, Kraken's parent company Payward announced it will expand its tokenized stock platform xStocks to markets outside the United States, planning to partner with investment infrastructure provider GTN to bring listed stocks from Hong Kong, the UK, Europe, and South Korea on-chain, with further expansion to other asset classes subject to regulatory approval. Currently, xStocks supports over 500 tokenized securities, with cumulative trading volume exceeding $35 billion and nearly 200,000 holders, but the product is not currently open to US investors.
Mantle's third tokenized stock Bending Spoons (BSPx) has officially launched.
According to official announcements, following the launch of SPCXx and USPXx within weeks of their public listings, BSPx has officially launched on Mantle. BSPx is the tokenized stock representation of Bending Spoons, which owns brands such as WeTransfer, Vimeo, Evernote, and AOL. BSPx is issued by xStocks and is now open for trading on Fluxion. BSPx is traded via Fluxion's hybrid infrastructure, where its Atomic RFQ mechanism anchors real-time market quotes during market trading hours to support pricing; meanwhile, the AMM execution mechanism ensures trading can continue uninterrupted after market close. Reportedly, BSPx is the third tokenized stock launched on Mantle in less than a month, as Mantle's tokenized stock market expands rapidly at the pace of the traditional IPO listing calendar. Previously, SPCXx launched on June 19, and USPXx launched on June 23. This makes Mantle one of the first L2 networks capable of tokenizing newly listed stocks and bringing them on-chain at the pace of traditional market listings. In previous news, xStocks' xPoints are now live on Mantle, meanwhile DEX F on Mantle
xStocks' xPoints are now live on Mantle, with Fluxion offering an additional 1 million points to reward users.
According to official announcements, xStocks' xPoints are now live on Mantle. Meanwhile, the DEX Fluxion on Mantle is offering an additional 1 million Fluxion points to reward users. Currently, by trading, holding, or providing liquidity for your favorite tokenized stocks and ETFs on Fluxion, users can earn Fluxion points on one hand and xPoints on the other, achieving double rewards from a single action. According to official information, an increasing number of tokenized stocks and ETFs are continuously being listed. They can be traded 24/7 on Fluxion with better prices and deeper liquidity, powered by the dual engines of Atomic RFQ and AMM.
The tokenized version of Franklin Templeton’s ETF USPX has launched on Mantle’s DEX, Fluxion.
The tokenized version of Franklin Templeton’s Franklin U.S. Equity Index ETF (USPX), issued by xStocks as USPXx, has launched on Fluxion, Mantle’s decentralized exchange (DEX). Mantle stated that Fluxion is among the first on-chain trading platforms to distribute this ETF, enabling users to execute AMM-free, zero-slippage trades via Atomic RFQ.
Galaxy Research Head: Tokenized Stocks Mainly Fall into Two Categories – Issuer-Supported and Third-Party Supported
the Galaxy Research Head posted on platform X, stating that tokenized stocks have garnered widespread attention. Apart from Operate, tokenized stocks are broadly categorized into two types: issuer-supported, such as GLXY; and third-party supported, such as Ondo, xStocks, etc. Coinbase has announced its own version but has not yet detailed how it will operate.
Related news
Binance bStocks Total AUM Surpasses $590 Million, Outpacing xStocks
Dune data shows bStocks' total assets under management (AUM) have reached approximately $599 million, surpassing xStocks' AUM of about $589 million. The data indicates that bStocks' scale in the on-chain stock asset sector has further expanded, demonstrating sustained market demand and user engagement.
Kraken Opens Jersey Mike's IPO Subscription and Tokenized Stock Application to Retail Investors
: Crypto exchange Kraken has opened subscription for Jersey Mike's planned IPO to retail investors. Eligible U.S. users can apply to subscribe to book-entry shares at the IPO price, while users in over 110 countries and regions can apply for tokenized stock JMKEx. JMKEx is backed 1:1 by the underlying stock and custodied with regulated institutions. Allocation results are determined by the IPO underwriters, and a successful allocation is not guaranteed; after the IPO completion, JMKEx will be tradable on Kraken and participating xStocks Alliance platforms 24 hours a day, 5 days a week. Kraken stated that the tokenized stock can be transferred between platforms participating in the xStocks Alliance, on-chained, and accessed via compatible decentralized finance applications. Jersey Mike's is a U.S. sandwich chain brand with over 3,300 stores. Its expected IPO price is between $21 and $25 per share, and it will be listed on the New York Stock Exchange under the ticker JMKE.
Bybit Dual Asset Investment Product Integrates xStocks Tokenized US Stocks
It is reported that Bybit has incorporated xStocks into its Dual Asset investment product, becoming the first centralized exchange to use xStocks as the underlying asset for such structured yield products, as it continues to deepen its comprehensive RWA coverage strategy. The six xStocks tokens newly integrated are pegged to the stock price performance of multiple listed companies, including tokenized stocks of SpaceX, NVIDIA, Apple, Alphabet, Coinbase, and Amazon, all issued by xStocks. These underlying assets cover current market focus areas such as artificial intelligence, semiconductor demand, cloud computing, digital asset infrastructure, and space technology.
Kraken's Parent Company Payward Expands xStocks to Hong Kong, UK, and Korean Stocks
According to CoinDesk, Kraken's parent company Payward announced it will expand its tokenized stock platform xStocks to markets outside the United States, planning to partner with investment infrastructure provider GTN to bring listed stocks from Hong Kong, the UK, Europe, and South Korea on-chain, with further expansion to other asset classes subject to regulatory approval. Currently, xStocks supports over 500 tokenized securities, with cumulative trading volume exceeding $35 billion and nearly 200,000 holders, but the product is not currently open to US investors.
Mantle's third tokenized stock Bending Spoons (BSPx) has officially launched.
According to official announcements, following the launch of SPCXx and USPXx within weeks of their public listings, BSPx has officially launched on Mantle. BSPx is the tokenized stock representation of Bending Spoons, which owns brands such as WeTransfer, Vimeo, Evernote, and AOL. BSPx is issued by xStocks and is now open for trading on Fluxion. BSPx is traded via Fluxion's hybrid infrastructure, where its Atomic RFQ mechanism anchors real-time market quotes during market trading hours to support pricing; meanwhile, the AMM execution mechanism ensures trading can continue uninterrupted after market close. Reportedly, BSPx is the third tokenized stock launched on Mantle in less than a month, as Mantle's tokenized stock market expands rapidly at the pace of the traditional IPO listing calendar. Previously, SPCXx launched on June 19, and USPXx launched on June 23. This makes Mantle one of the first L2 networks capable of tokenizing newly listed stocks and bringing them on-chain at the pace of traditional market listings. In previous news, xStocks' xPoints are now live on Mantle, meanwhile DEX F on Mantle
xStocks' xPoints are now live on Mantle, with Fluxion offering an additional 1 million points to reward users.
According to official announcements, xStocks' xPoints are now live on Mantle. Meanwhile, the DEX Fluxion on Mantle is offering an additional 1 million Fluxion points to reward users. Currently, by trading, holding, or providing liquidity for your favorite tokenized stocks and ETFs on Fluxion, users can earn Fluxion points on one hand and xPoints on the other, achieving double rewards from a single action. According to official information, an increasing number of tokenized stocks and ETFs are continuously being listed. They can be traded 24/7 on Fluxion with better prices and deeper liquidity, powered by the dual engines of Atomic RFQ and AMM.