July 18, 2025 – Victoria, Seychelles
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 one-to-one 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 over 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.
The xStocks product line is grounded in transparency and composability, with the following structural safeguards.
- Each tokenized asset is fully backed one-to-one by real stocks held in third-party regulated custodian banks, in a bankruptcy remote structure.
- Tokens are issued under an approved EU prospectus and tokenized following the Swiss DLT Act.
- Token holders have the primary claim to the value of any held collateral.
- PoR (proof of reserves), powered by Chainlink, coming soon for xStocks.
Supporting capital flexibility via strategic allocation and execution infrastructure
The launch of xStocks enhances capital efficiency and portfolio agility for crypto-native users, while also providing new tools to balance risk and reward across market cycles.
- Flexible allocation, diversified exposure Users can tailor portfolios to their risk preferences by allocating between exposure to US ETFs, high-growth tech stocks and digital assets blending conservative and aggressive strategies.
- Unified trading, frictionless switching Through KuCoin’s account, users can effortlessly swap between tokenized stocks and crypto using USDT, without fiat on-ramps or platform switching. A true one-account solution for global multi-asset investing.
BC Wong, CEO of KuCoin, said,
“At KuCoin, we are dedicated to building a secure and trustworthy investment platform centered on user asset protection and long-term value growth.
“The launch of xStocks is not only a key extension of our global asset offering it’s a strategic milestone in bridging traditional finance and the Web 3.0 ecosystem.
“Moving forward, we will continue expanding quality listings and refining the user experience, helping investors capture global growth opportunities all in one account.”
About KuCoin
Founded in 2017, KuCoin has established itself as one of the most globally recognized and reliable cryptocurrency platforms, built on a robust and secure foundation of cutting-edge blockchain technology, liquidity solutions and enhanced user account protection.
With over 41 million users across more than 200 countries and regions, KuCoin is committed to empowering the digital economy by providing secure, innovative and compliant solutions tailored to meet the needs of its global community.
KuCoin offers access to 1,000 digital assets and a diverse range of digital assets solutions, including Web 3.0 wallet, spot trading, futures trading, institutional wealth management services and payments.
KuCoin’s dedication to excellence has garnered prestigious recognitions, such as being named among Forbes’ ‘best crypto apps and 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, which provide a structured approach to managing information security, covering aspects like risk management, access control, data governance and incident response.
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, underscoring 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.
About Backed
Founded in 2021, Backed 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 the website.
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This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.
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