HKAN | Jul 5

JUST IN: Bitrue Launches Tokenized U.S. Equities Trading via xStocks

Bitrue, a leading crypto exchange, has unveiled tokenized trading of U.S. stocks and ETFs through its new xStocks program, powered by Backed Finance. The move allows global users (outside the U.S., UK, and EU) to invest in major brands like Apple, Tesla, Nvidia, and MicroStrategy, using USDT 24/7, with blockchain-confirmed token settlements ().

What Makes This Different?

24/7 global access: These tokenized stocks run round-the-clock, without the limitations of traditional market hours ().

No broker required: Users can buy and sell using USDT, eliminating brokerage accounts and fees, and enjoy near-instant execution ().

DeFi integration: xStocks can be used in lending, borrowing, and other DeFi protocols, opening new utility beyond mere stock exposure ().

Why It Matters

Democratizes equity access: Traders worldwide can invest in iconic U.S. equities via crypto platforms—a breakthrough for market inclusion.

Bridges TradFi and DeFi: Tokenized shares backed 1:1 to real assets combine transparency, speed, and blockchain benefits.

Shines amid tokenization boom: This launch joins other top exchanges like Robinhood (EU), Kraken, and Bybit, all rolling out tokenized equity offerings ().

Industry Moves Toward Tokenized Stocks

Major platforms are ramping up tokenized equity offerings:

Robinhood has launched U.S. stock tokens in Europe, boosting its stock valuation, per analysts from Cantor Fitzgerald and KeyBanc

Meanwhile, Coinbase and Kraken are expanding similar tokenized stock services for non-U.S. customers .

Final Take

Bitrue’s xStocks launch marks another key milestone in on-chain equity trading, offering investors a new way to own shares 24/7, with fast settlements and DeFi utility.

Explore more on tokenized finance and crypto innovations at HKAN