In July 2025, the globally leading cryptocurrency asset platform Gate officially launched the xStocks stock trading zone, allowing users to trade tokenized stocks directly through cryptocurrencies such as USDT, covering both the spot and futures markets.
The first batch of listed assets includes mainstream stock tokens such as COINx, AAPLx, NVDAX, CRCLx, breaking down the asset barriers between the crypto world and traditional capital markets.
Revolutionary Product, How xStocks Reshapes Investment Logic?
xStocks is a compliant physical asset tokenization project launched by Backed Finance, which is centered around issuing on-chain tokens that are fully collateralized 1:1 with globally publicly traded stocks.
This mechanism allows users to invest across borders "like buying stocks as if buying coins" without the need for a traditional brokerage account, relying solely on a cryptocurrency wallet.
In the traditional financial sector, stock investment has long been restricted by geographical access, fiat currency channels, trading hours, and the threshold for purchasing whole shares. The launch of the xStocks section systematically addresses these structural pain points:
24⁄724/7 trading: Break through the trading time restrictions of the New York Stock Exchange from 9:30 AM to 4:00 PM.
Fractional share investment support: Small funds can participate in high-priced stock investments.
On-chain free transfer: Tokens can be transferred across wallets and integrated into the DeFi ecosystem.
Long and short dual-direction operations: supports leveraged contracts and hedging strategies
This design is not only an innovation in products but also an attempt to reconstruct the logic of global capital flow.
Asset layout, which popular targets are launched first?
The first phase of the Gate xStocks zone supports 8 major stock tokens, covering tech giants and core financial assets:
- COINX (Coinbase)
- AAPLX (Apple)
- NVDAX (NVIDIA)
- TSLAX (Tesla)
- GOOGLX (Google)
- METAX (Meta/Facebook)
- HOODX (Robinhood)
- CRCLX (Circle)
At the same time, the Gate Alpha zone launched exclusive assets, including MSTRx (MicroStrategy), SPYx (S&P 500 ETF), and other derivative assets. All tokens are deployed on the SOL public chain, enjoying the advantages of fast transfers and low Gas costs.
Technology breaks barriers, a world-first contract market structure
While most platforms are still in the "asset on-chain" stage, Gate has taken the lead in achieving a comprehensive connection from the underlying layer to the trading layer, becoming the world’s first trading platform to launch a tokenized stock contract market.
Its innovation is reflected in the integration of three major technologies:
Customized Matching Engine: Optimized Order Matching Logic for Stock Liquidity Characteristics
Transparent custody mechanism: All underlying assets are fully collateralized and verifiable on-chain.
Multi-ecosystem compatible architecture: supports cross-chain transfers and strategy integration.
In contract design, users can operate stock tokens with 1-10x leverage and implement long and short strategies through USDT settlement. This mechanism provides professional traders with a combination of tools that traditional brokers cannot reach.
Real-time updates, latest market developments as of July 25
As of today (July 25, 2025), the Gate platform has been very active:
Trading Precision Upgrade: Starting from 16:00 (UTC+8), the minimum price precision for 18 spot trading pairs including BTC5S_USDT and PEPE5S_USDT will be adjusted to enhance market liquidity.
The xStocks trading competition is in full swing: Users can share a prize pool of 2,000,000 XNY by completing spot trading and invitation tasks.
Exclusive gift for new users: First-time traders can receive a 100 USDT contract experience voucher and 10 GT Tokens.
At the same time, Gate Alpha continues to optimize the xStocks trading experience, providing lower slippage and faster matching services for high-frequency users.
Strategic significance, why does Gate define the new standard?
After the brand upgrade to Gate.com in 2025, the platform accelerated its globalization layout with 31 million users and over 3,600 crypto assets.
The launch of the xStocks section is a key point in its strategy to build the "next generation super unicorn exchange."
Unlike the stock tokens that Binance attempted in its early years, Gate has built a complete trading loop covering "spot - contract - alpha." This deep integration of traditional assets with cryptocurrency mechanisms allows it to establish barriers across three major dimensions:
System Interface: Providing a compliant access paradigm for traditional finance and on-chain networks
Experience Reconstruction: 24/7 Trading and Fractional Investment Aligning with Crypto Native Habits
Ecosystem expansion: Compatible future DeFi application scenarios through the SOL chain
With the spot trading volume ranking second in the world, Gate is evolving from a trading platform into a global asset allocation hub.
User Guide, Three Steps to Start On-Chain Stock Trading
For ordinary users, participating in xStocks investment only requires three steps:
- Log in to your Gate account and transfer USDT
- Switch to the xStocks market on the [Spot] or [Contract] page
- Select trading pairs such as AAPLX/USDT to place an order
Advanced users can directly enter the Gate Alpha section to execute complex strategies using professional tools.
Conclusion: When Finance No Longer Has Time Differences
xStocks is not only an expansion of the Gate product line, but also a landmark turning point in the transition of crypto finance from "application innovation" to "institutional integration".
As the average daily trading volume of tokenized stocks surpasses $240 million (Q2 2025 on-chain data), a new paradigm of a global capital market is emerging that is borderless, time-zone free, and intermediary-free.
The market is voting with real money, choosing a more flexible and open asset allocation path.
