Overview
What is xStocks?
xStocks is a tokenized equities platform that lets you trade over 75 U.S. stocks and ETFs on-chain and on centralized exchanges. Kraken bought the platform in December 2025. Assets like $SPYx are fully backed traditional securities that you can access 24/7 without having to open a brokerage account.
The platform is for DeFi users who want to be able to use on-chain assets in traditional markets. People can trade, add liquidity, and use xStocks tokens as collateral in borrowing and lending markets, all without leaving the DeFi interface. Backed.fi, the parent company of xStocks, has raised a total of $9.5M across two funding rounds.
Key Points
- Points Activities: Holding xStocks, providing liquidity, borrowing/lending
- Boost: 20% permanent boost available by linking wallet via the referral link below
Participation Guide
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1
Step 1: Link Your Wallet for a 20% Points Boost
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2
Step 2: Acquire xStocks Tokens
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3
Step 3: Provide Liquidity
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Step 4: Use the Borrow and Lend Markets
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Step 5: Get OG and Other Roles from xStocks