KuCoin - one of the world’s top cryptocurrency exchanges, officially announced the listing of xStocks and its membership in the xStocks alliance. Powered by Swiss-based company Backed, xStocks represent tokenized equities designed to bridge the gap between traditional finance and digital assets. This move significantly enhances KuCoin’s capabilities in multi-asset allocation.
First Batch of xStocks Now Available
The initial rollout includes SPYx (S&P 500 ETF), CRCLx (Circle), TSLAx (Tesla), MSTRx (MicroStrategy), and NVDAx (NVIDIA). Each token is backed 1:1 by real stocks held in secure, bankruptcy-remote collateral accounts, and issued on the Solana blockchain—ensuring transparency and investor protection.
Riding a Dual Bull Market: Traditional Meets Crypto
In mid-July 2025, two major market events highlighted the convergence of traditional and digital finance: NVIDIA surpassed a $4 trillion market cap on July 10, and Bitcoin broke past $120,000 for the first time on July 14. As both asset classes surge, xStocks offer a new investment framework—enabling global investors to diversify with "tokenized NVIDIA in one hand and Bitcoin in the other."
As the first USDT-denominated tokenized equity platform with wide global accessibility, KuCoin’s integration of xStocks provides a low-barrier, efficient, and transparent gateway to seamlessly navigate between U.S. equities and crypto assets.
A Global Platform for Smarter Investing
Serving over 41 million users across 200+ countries and regions, KuCoin has become a trusted hub for digital asset trading. With a strong focus on user safety and long-term value creation, the platform continues to innovate with products like xStocks, which offer:
- Full Transparency and Protection:
Each token is backed 1:1 by real shares held in third-party, regulated custodians under a bankruptcy-remote structure. - Regulatory Compliance:
xStocks are issued under an approved EU prospectus and aligned with the Swiss DLT Act. - Holder Rights and Claims:
Token holders maintain primary rights to the underlying collateral. - On-Chain Proof of Reserves:
Chainlink-powered proof-of-reserves will soon be available for xStocks.
More Flexibility, More Control
xStocks enhance capital efficiency and portfolio flexibility, especially for crypto-native investors:
- Diversified Portfolio Options: Blend exposure to U.S. ETFs, high-growth tech stocks, and crypto assets—adapting risk and strategy with ease.
- Frictionless Trading: With KuCoin’s unified account system, users can instantly trade between tokenized equities and crypto using USDT—no fiat conversions or platform switching required.
Leadership Commentary
BC Wong, CEO of KuCoin, stated:
"At KuCoin, we are committed to providing a secure, user-focused platform that fosters long-term value. The launch of xStocks marks a major strategic step in merging traditional financial assets with the Web3 ecosystem. We’ll continue to expand quality listings and optimize user experience—making global growth opportunities accessible, all from one account."
About KuCoin
Founded in 2017, KuCoin has become one of the most widely recognized and secure cryptocurrency platforms. With 41 million users in over 200 countries, KuCoin offers a broad suite of services including spot and futures trading, a Web3 wallet, institutional investment products, and payment solutions.
The exchange has been recognized by Forbes as one of the “Best Crypto Apps & Exchanges” and named a “Top 50 Global Unicorn” by Hurun in 2024. KuCoin holds SOC 2 Type II and ISO 27001:2022 certifications, reflecting its commitment to information security, risk management, and regulatory compliance.
Backed by $170 million in funding—including a $150 million pre-Series B round—KuCoin is valued at $10 billion and continues to grow under the leadership of CEO BC Wong.
About Backed
Founded in 2021, Backed is a pioneer in compliant tokenized equities and ETFs. Its xStocks product line offers freely transferable ERC-20 and SPL tokens, compatible with Ethereum and Solana ecosystems. Learn more at https://backed.fi
Media Contact
[email protected]
