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LetsExchange now offers xStocks, tokenized versions of major stocks and ETFs, giving crypto users 24/7 access to global equities with blockchain speed and transparency.
Summary
- xStocks mirror real-world stocks 1:1, backed by actual shares held in custody and verified via Chainlink Proof-of-Reserve.
- Built on Solana, they enable fast, low-cost, non-custodial trading with fractional ownership.
- LetsExchange’s listing bridges traditional finance and crypto, expanding diversification options for global investors.
LetsExchange has officially listed xStocks – tokenized versions of popular stocks and ETFs, offering a direct bridge between global equity markets and the crypto ecosystem. Created by Backed (Swiss-based Backed Assets (JE) Limited) in collaboration with platforms such as Kraken, Bybit, and KuCoin, xStocks allow users to gain exposure to major companies like Google, Amazon, and Nvidia without leaving the digital asset environment. The development underscores a growing trend toward tokenizing real-world assets (RWAs) and expanding accessibility to financial products.
What are xStocks and how do they work?
xStocks represent a tokenized form of traditional equities and ETFs. Each token mirrors the price of the underlying stock and is backed on a 1:1 basis by actual shares or ETFs held in custody. This means that for every token circulating on the blockchain, there is a corresponding real-world share secured by regulated custodians under a Special Purpose Vehicle (SPV) structure.
Currently, xStocks exist on the Solana blockchain as SPL tokens, ensuring high-speed transactions and low fees. All assets are stored directly in users’ Solana-compatible wallets, reinforcing a non-custodial model where users maintain control of their funds and eliminating the need for traditional brokers or intermediaries.
Transparency plays a crucial role in this system. To ensure that every tokenized stock is adequately backed, Chainlink’s Proof-of-Reserve technology verifies reserves in real time. This mechanism enhances trust in the product and provides visibility into the underlying assets.
Accessibility without borders
One of the primary advantages of tokenized stocks lies in their global reach. While conventional equity markets operate within specific hours and geographic boundaries, xStocks can be traded 24/7 on the blockchain, aligning with the always-on nature of cryptocurrency markets.
Furthermore, xStocks enable fractional ownership, allowing participants to purchase smaller portions of high-value shares. This lowers barriers to entry for individuals who want exposure to premium stocks without committing large amounts of capital.
Why this move matters for crypto users
The listing of xStocks on LetsExchange serves as a gateway for crypto-native investors seeking diversification. Traditionally, those interested in equities have been required to register with brokers, navigate KYC processes, and comply with region-specific regulations. Tokenized stocks simplify this process by bringing equities to a crypto-friendly environment, without sacrificing security or transparency.
“By introducing xStocks to our platform, we’re giving everyone in the crypto space the ability to access leading equities with the same ease and convenience as digital assets,” said Alex J., Chief Product Officer (CPO) at LetsExchange. “This listing creates a bridge between two financial worlds. Our mission is to provide users worldwide with a secure, borderless solution to diversify their portfolios through xStocks.”
Although xStocks replicate the price movement of underlying assets, it is important to note that they do not grant full shareholder rights. Holders do not receive voting privileges or direct dividends. Instead, they obtain price exposure, which can be used for portfolio balancing or as collateral in decentralized finance (DeFi) ecosystems.
Trading xStocks on LetsExchange
Acquiring xStocks through LetsExchange is designed to be simple and intuitive. The process involves:
- Selecting the cryptocurrency to exchange (e.g., BTC, ETH, or any of 5,000+ supported coins).
- Choosing the desired xStock, such as those representing major tech companies or ETFs.
- Entering a compatible wallet address and confirming the swap.
Upon completion, tokens are sent directly to the user’s wallet, maintaining full control over the assets. To reverse the trade, users can swap xStocks back into cryptocurrency following the same streamlined steps.
Security and infrastructure
Security remains a cornerstone of LetsExchange operations. The platform employs robust encryption protocols, partners with white-hat security researchers, and runs ongoing bug bounty programs to identify and mitigate vulnerabilities. Combined with a user-friendly interface and strong liquidity sourced from leading exchanges, these measures make LetsExchange a reliable venue for tokenized stock trading.
Industry context: Why tokenization is gaining momentum
The integration of real-world assets into blockchain ecosystems has emerged as a dominant narrative in digital finance. Analysts forecast that tokenization could unlock trillions of dollars in liquidity over the coming decade, transforming how people invest and manage assets globally.
By adding xStocks to its offering, LetsExchange positions itself at the forefront of this trend, reinforcing its role as a comprehensive exchange hub where users can seamlessly interact with both digital assets and tokenized financial instruments.
About LetsExchange
LetsExchange is a one-stop crypto exchange hub offering the industry’s widest asset selection, with support for over 5,000 coins and tokens. The platform delivers a full suite of services, including crypto-to-crypto swaps, cross-chain (bridge) exchanges, decentralized exchange (DEX) features, and on-ramp/off-ramp options. Partners can integrate swap and cross-chain capabilities via API, while DEX and Buy/Sell functionalities are available through customizable widgets and Telegram mini apps.
Final thoughts
The listing of xStocks marks a pivotal step toward bridging traditional financial instruments with decentralized ecosystems. While regulatory limitations persist, the availability of tokenized equities on LetsExchange offers users outside restricted jurisdictions an opportunity to diversify holdings and explore new investment models. As tokenization gains traction, products like xStocks may become a standard feature in global finance, blending the accessibility of crypto with the stability of traditional markets.
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