XStocks — Frequently Asked Questions

XStocks is a decentralized finance platform that brings real-world stocks onto the blockchain as tokenized assets. Each xStock token is a fully backed digital representation of a real-world equity — such as Tesla, Apple, NVIDIA, or the S&P 500 ETF — issued and redeemable 1:1 with the underlying asset held in regulated custody.

Tokenized stocks on XStocks work through a process called tokenization: a regulated custodian holds the real share, and a corresponding token is minted on-chain. You can buy, sell, transfer, or hold these tokens 24/7 across multiple blockchains, including Ethereum, Solana, TON, and Ink — without needing a traditional brokerage account.

XStocks currently supports four major blockchain networks, giving you flexibility in how and where you hold your tokenized stocks:

• Ethereum — the most widely used smart contract network with deep DeFi liquidity.
• Solana — ultra-fast transactions with low fees, ideal for active traders.
• TON — integrated with the Telegram ecosystem for easy access.
• Ink — a newer layer designed for efficient on-chain trading of tokenized assets.

You can bridge your xStock tokens between supported networks using the built-in bridge tool.

The XStocks DeFi interface (defi.xstocks.fi) is a non-custodial on-chain UI — you connect your wallet and interact directly with smart contracts. There is no account registration or KYC required to explore products, view data, or hold xStock tokens on-chain.

However, if you wish to directly mint or redeem tokenized stocks through Backed Finance (the issuer), compliance verification may be required as part of their regulated process. Please review the Terms of Service for details on eligibility and geographic restrictions.

XStocks offers a growing catalogue of tokenized equities and ETFs. Currently available products include:

• TSLAx — Tesla xStock (largest by AUM)
• CRCLx — Circle xStock
• SPYx — S&P 500 xStock (tracks the SPDR S&P 500 ETF)
• NVDAx — NVIDIA xStock
• MSTRx — MicroStrategy xStock
• QQQx — Nasdaq 100 xStock
• GOOGLx — Alphabet xStock
• GLDx — Gold xStock
• COINx — Coinbase xStock
• AAPLx — Apple xStock

The full list of over 140 products can be explored on xstocks.fi/products.

Each xStock token on XStocks is pegged 1:1 to its underlying real-world asset and priced via on-chain oracles that source data from regulated market data providers. The price of a TSLAx token, for example, tracks the market price of one Tesla share.

The backing ratio and asset reserves are independently verifiable through the Proof of Reserves page, which provides real-time on-chain attestations of custodied assets. This transparency ensures that every token in circulation is fully backed at all times.

Yes. One of the key advantages of XStocks is that tokenized stocks trade on blockchain networks that operate continuously — 24 hours a day, 7 days a week, including weekends and holidays. This is fundamentally different from traditional stock exchanges, which are limited to weekday trading hours.

However, it's important to note that during market-closed hours, the on-chain price may reflect the last available real-world price until markets reopen. Liquidity conditions may also vary outside standard trading hours.

XStocks xStock tokens are issued by Backed Finance AG, a regulated entity that holds the underlying real-world assets with licensed custodians. This means every token is backed by actual shares held in a segregated account.

• On-chain transparency: Smart contract addresses are public and auditable on each supported blockchain.
• Proof of Reserves: Backed assets are attested on-chain in near real-time via the Proof of Reserves system.
• Non-custodial interface: The XStocks UI never takes custody of your tokens — you retain full ownership via your own wallet.
• Audited contracts: Smart contracts undergo independent security audits.

Proof of Reserves is a transparency mechanism built into XStocks that allows anyone to verify on-chain that all issued xStock tokens are fully backed by real assets held in regulated custody. You can access this data anytime at the Proof of Reserves page.

The system works by publishing cryptographic attestations from the custodian on-chain, linking the amount of real-world stock held to the corresponding tokens in circulation. This eliminates the need to trust any single party — the math is publicly verifiable by anyone.

xPoints is the loyalty and rewards program of XStocks. By holding xStock tokens in your wallet, providing liquidity, or participating in ecosystem activities, you accumulate xPoints that may be redeemable for future rewards and platform benefits.

To view your xPoints balance and learn more about earning opportunities, visit the xPoints page. Points are tracked on-chain based on your wallet activity, so there is no registration needed beyond connecting your wallet.

XStocks includes a built-in cross-chain bridge that lets you move xStock tokens seamlessly between Ethereum, Solana, TON, and Ink. To use it:

• Connect your wallet on the Bridge page.
• Select the source network and destination network.
• Choose the xStock token and amount you wish to bridge.
• Confirm the transaction in your wallet.

Bridging typically completes within a few minutes depending on network conditions. Always ensure you have enough native gas tokens on the source chain to cover transaction fees.