KuCoin Launches xStocks Platform Offering Tokenized Equities

On July 18, 2025, KuCoin, a leading global cryptocurrency exchange, announced the launch of xStocks, a platform offering tokenized equities. This initiative marks a significant expansion of KuCoin’s multi-asset allocation capabilities, providing users with access to top global tokenized equities through a single, integrated platform.

The initial batch of supported assets includes SPYx (S&P 500 ETF), CRCLx (Circle), TSLAx (Tesla), MSTRx (MicroStrategy), and NVDAx (NVIDIA). These tokenized equities are backed 1:1 by real stocks held in secure, bankruptcy-remote collateral accounts and issued on the Solana blockchain. This structure ensures that each tokenized asset is fully backed by the underlying real stocks, providing users with a transparent and secure investment option.

KuCoin’s xStocks platform is designed to bridge traditional and crypto assets, offering global investors a new paradigm for portfolio construction. With the simultaneous bullish trends in traditional equities and crypto assets, xStocks enables users to seamlessly move between top US equity exposure and crypto assets. This dual-cycle growth opportunity allows investors to capture the best of both worlds, with tokenized NVIDIA in one hand and Bitcoin in the other.

As one of the most internationally accessible crypto trading platforms, KuCoin serves over 41 million users across 200+ countries and regions. The platform is committed to user asset safety and long-term value creation, building a comprehensive, sustainable, and robust product ecosystem. The xStocks product line is grounded in transparency and composability, with structural safeguards such as third-party regulated custodian banks, an approved EU prospectus, and tokenization following the Swiss DLT Act. Additionally, token holders have the primary claim to the value of any held collateral, and Proof of Reserves, powered by Chainlink, will be available soon for xStocks.

The launch of xStocks enhances capital efficiency and portfolio agility for crypto-native users, providing new tools to balance risk and reward across market cycles. Users can tailor their portfolios to their risk preferences by allocating between exposure to US ETFs, high-growth tech stocks, and digital assets. This flexible allocation allows for diversified exposure and the blending of conservative and aggressive strategies. Through KuCoin’s account, users can effortlessly swap between tokenized stocks and crypto using USDT, without the need for fiat onramps or platform switching, offering a true one-account solution for global multi-asset investing.

BC Wong, CEO of KuCoin, emphasized the platform’s dedication to building a secure and trustworthy investment platform centered on user asset protection and long-term value growth. The launch of xStocks is seen as a strategic milestone in bridging traditional finance and the Web3 ecosystem. KuCoin plans to continue expanding quality listings and refining the user experience, helping investors capture global growth opportunities all in one account.

Founded in 2017, KuCoin has established itself as a globally recognized and reliable cryptocurrency platform, built on a robust and secure foundation of cutting-edge blockchain technology, liquidity solutions, and enhanced user account protection. With over 41 million users, KuCoin offers access to 1,000 digital assets and a diverse range of digital asset solutions, including web3 wallet, Spot trading, institutional wealth management services, and payments. The platform’s dedication to excellence has garnered prestigious recognitions, including being named among Forbes’ “Best Crypto Apps & Exchanges” and one of the “Top 50 Global Unicorns” by Hurun in 2024. KuCoin has successfully achieved SOC 2 Type II and ISO 27001:2022 Certifications, providing a structured approach to managing information security.

In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion. This underscores its legitimacy and stability in the rapidly evolving digital finance landscape. Under the leadership of its new CEO, BC Wong, KuCoin reaffirms its commitment to global growth, innovation, and meeting the highest standards of security and regulatory compliance. As a trusted and forward-looking platform, KuCoin strives to deliver a secure, transparent, and reliable ecosystem for users to thrive in the digital economy.

Backed, founded in 2021, is the leading issuer of compliant tokenized equities and ETFs, including the innovative xStocks line of products. Backed’s products are freely transferable ERC-20 and SPL tokens compatible with Ethereum and Solana DeFi ecosystems. For more information, users can visit https://backed.fi/