On July 18, 2025, the leading global cryptocurrency exchange KuCoin officially announced the listing of xStocks and that they are joining the xStocks alliance. xStocks are tokenized stocks powered by the Swiss-based company Backed. This launch marks a significant step forward in KuCoin’s expansion of multi-asset allocation capabilities.
The first batch of supported assets includes SPYx (S&P 500 ETF), CRCLx (Circle), TSLAx (Tesla), MSTRx (MicroStrategy), and NVDAx (NVIDIA)—all tokenized equities backed 1:1 by real stocks held in secure, bankruptcy remote collateral accounts, and issued on the Solana blockchain.
Capturing a dual-cycle growth opportunity: Bridging traditional and crypto assets
On July 10, 2025, NVIDIA became the first publicly listed company to surpass a $4 trillion market capitalization. Just days later, on July 14, Bitcoin reached an all-time high, breaching $120,000 for the first time.
As traditional equities and crypto assets simultaneously enter bullish territory, xStocks offer global investors a new paradigm of portfolio construction—”with tokenized NVIDIA in one hand, Bitcoin on the other.”
As the first USDT-denominated tokenized equity platform accessible in the largest number of countries and regions, KuCoin’s listing of xStocks opens a low-barrier, highly efficient, and transparent investment gateway, empowering users to seamlessly move between top US equity exposure and crypto assets.
A truly global asset allocation platform: Empowering long-term user value
As one of the most internationally accessible crypto trading platforms, KuCoin currently serves over 41 million users across 200+ countries and regions. Committed to user asset safety and long-term value creation, KuCoin continues to build a comprehensive, sustainable, and robust product ecosystem designed to empower global investors.
Read more: cointelegraph.com
