Getting started with xStocks

xStocks are tokenized representations of real-world stocks and ETFs. Each xStock is backed 1:1 by the underlying equity and issued as an SPL token onchain​.

Once you’re approved, you’ll be ready to start trading xStocks!

xStocks do not confer shareholder rights like voting or dividends. They offer price exposure to the underlying asset, but do not carry the same rights as the actual security itself.​

Unlike traditional brokerage models, xStocks remove friction, costly fees, limited market hours, and complex onboarding, offering instant settlement, fractional investments, 24/5 market access, and self-custody. Stocks are built on blockchain technology and use smart contracts for transparency, automation and cost-efficiency.

xStocks are only available to non-U.S. clients in select countries; visit this support article for who can access. They are not accessible in the US (or to US Persons), Canada, UK, or Australia​.

xStocks can be traded 24/5, providing access outside of traditional market hours. Weekend trading availability is in development​.  When withdrawn to a self-hosted wallet, xStocks can be traded 24/7 onchain.

Yes, self-custody is supported. You can withdraw your xStocks to a compatible Solana or Ethereum wallet for full control​.

No. Holding xStocks is not the same as buying a share of the underlying company. xStocks provide synthetic exposure to the value of the stock. Holders of xStocks have no voting rights, and no legal claims to the underlying company shares or any residual assets in the event of the underlying company’s liquidation. An investment in xStocks does not entitle holders to receive any information from the respective issuer or sponsor of the underlying stocks or shares.

You can buy xStocks using fiat, crypto or stablecoins (like USDC or USDG). Kraken handles the conversion during the trade​.

xStocks allow clients to purchase fractional shares of the underlying assets with as little as a $1 USD investment. 

There are no trading fees when purchasing xStocks with USDG or USD on Kraken. Standard Instant Buy trading fees apply when purchasing xStocks using other assets. To lock in a price, a spread may be included in the asset price for each transaction.

xStock prices are tied to the execution price of the underlying equity. Kraken updates prices based on the real-time price when buying or selling tokens.​

Dividend payouts will be automatically reinvested into more of the same token. Rather than receiving a cash dividend, your xStocks balance will increase to reflect the dividend.

Kraken and Backed utilize secure custody, audited reserves, and blockchain infrastructure to ensure the safety and transparency of xStock holdings. Still, investing in xStocks involves an element of risk. Read Kraken’s xStocks Risk Disclosure at kraken.com/legal/xstocks as well as the Base Prospectus and related Final Terms for xStocks at https://assets.backed.fi/legal-documentationto learn more.