U.S. Stocks to the Solana Blockchain
Backed Finance has launched xStocks, enabling the trading of real, tokenized U.S. equities directly on the Solana blockchain.
⌜Introduction⌝
In a major move bridging traditional finance and decentralized tech, Backed Finance has launched xStocks, a platform enabling users to trade real, tokenized U.S. stocks directly on the Solana blockchain.
With over 60 blue-chip equities and ETFs now on-chain, global investors can access and interact with traditional stocks 24/7, without intermediaries and with unprecedented flexibility.
⌜Token⌝
The xStocks platform features tokenized versions of some of the most valuable and recognized U.S. stocks and index trackers, including:
Tech Giants: Apple (AAPLx), Nvidia (NVDAx), Microsoft (MSFTx), …
Crypto-Linked Firms: Coinbase (COINx), Robinhood(HOODx), …
Consumer Leaders: McDonald's (MCDx), Netflix (NFLXx), Amazon (AMZNx), …
ETFs and Index Trackers: S&P 500 (SPYx) , Nasdaq (QQQ), …
Each token is backed 1:1 by the corresponding underlying share, securely held by a regulated custodian to ensure transparency and real-world asset backing.
⌜Marketplace⌝
Now accessible on xStocks across both centralized and decentralized platforms:
Centralized Exchanges: Kraken, Bybit, Bitrue Alpha
Solana DeFi: Raydium, Jupiter, Kamino, Phantom Wallet
With this launch, users can swap crypto for real stocks or even trade meme coins for blue-chip equities like Tesla or Nvidia, all from a decentralized wallet.
⌜xStocks & MEV⌝
There isn’t much MEV arbitrage data available yet, but it’s not completely missing either. Based on all xStocks-related addresses for which we’ve been able to gather data
20,574 profitable automated arbitrage transactions were executed.
$6,162.35 in cumulative profits were generated by these bots.
$672.89 was earned from the single most profitable MEV transaction.
⌜SOLANA & STOCK⌝
This week we’re comparing the behavior of the S&P 500 asset (SPYx) in its on-chain version on Solana versus its traditional stock market counterpart.
The SPYx token surged from $625 to $655.91 in under 10 hours almost 5% jump driven by a liquidity spike. But a volatile one, the price soon corrected.
Smart contract: Solscan
Tokenizer: Backed Finance AG
Broker: Alpaca Securities LLC, InCore Bank AG, Maerki Baumann & Co. AG
By contrast, the stock version saw steadier, more sustained growth highlighting the maturity gap between the two markets.
On-chain volumes remain too low to support efficient MEV strategies. Still, this initial comparison points to a potential convergence worth keeping an eye on.
⌜Final Summary⌝
xStocks marks a major step forward in financial accessibility and innovation. By offering tokenized stocks backed by real-world assets, with instant settlement and full DeFi integration, it unlocks a new realm of opportunities for global investors.
Whether you’re a crypto-native trader or a traditional investor exploring blockchain finance, xStocks provides a simple, secure, and permissionless way to access U.S. equities. It’s a major leap for finance moving from weekday trading hours to true 24/7 accessibility.
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