xStocks
It’s Wall Street meeting Web3 at Solana speeds.
Lume currently uses xStocks for stock trading. xStocks are tokenized securities that offer price exposure to popular U.S. stocks and ETFs like Apple (AAPLx), NVIDIA, Tesla (TSLAx), and even GameStop (GMEx). There is a dedicated stocks section inside Lume app that features curated, verified tokenized U.S. equities (e.g., xAAPL, xTSLA, xNVDA). It’s purpose‑built to let anyone trade tokenized stocks safely—without worrying about scams or fake mints—using a clean, Solana‑native UX.
Key takeaways
Tokenized equities are digital tokens that represent shares in traditional assets like companies or ETFs
These digital assets offer practical benefits over owning the underlying asset itself, like fractional ownership, increased liquidity and global accessibility
Built upon blockchain networks, tokenized equities use smart contracts to deliver greater transparency, automation and cost-efficiency than many traditional brokerages.
Tokenized equities differ from traditional stocks by offering trading outside of market hours, instant settlement and easier transferability.
Although stocks and ETFs remain the most popular equities being tokenized, a diverse range of real-world assets, including private equity, real estate and venture capital investments, can also be tokenized and expanded to a broader base of investors.
What are tokenized equities?
Tokenized equities, or xStocks, are digital representations of traditional company shares that are recorded on a blockchain. They are backed 1:1 by actual equities, which are held in custody by a regulated third party.
Unlike traditional stocks traded on centralized exchanges, tokenized equities are issued and managed using blockchain infrastructure. This allows for transparent, verifiable ownership records and enables more flexible trading mechanisms, including the ability to trade even when the stock market is closed.
Because equal amounts of the underlying shares are held in regulated custody, these tokens track the prices of their traditional counterparts. This model is similar to how cash-collateralized stablecoins maintain the same value as the government issued currencies they represent.
Tokenization also allows for fractional ownership, which makes it easier for investors to gain exposure to higher-value equities with smaller amounts of capital. This ability to collectively trade smaller pieces of more expensive assets has the potential to democratize investing and opens global markets to a broader audience, all while maintaining the integrity of conventional equity ownership.
1:1 Backing: Each xStock is securely backed 1:1 by the underlying equity and issued as an SPL token on-chain.
Currently 60 assets are supported in xStocks —55 stocks and 5 ETFs.
You can buy fractional shares of the underlying assets with an investment as small as $1 USD.
Important Disclosures
While xStocks offer seamless access and price exposure, there are key differences from owning the physical stock:
No Shareholder Rights: xStocks do not confer shareholder rights, such as voting.
Risk Disclosure: Like all investments, trading xStocks involves an element of risk. Kraken and Backed utilize secure custody and audited reserves, but you should always perform your own due diligence.
Feature Details Self-Custody You can withdraw xStocks to a compatible self-hosted wallet for full control and 24/7 on-chain trading. Pricing xStock prices are tied directly to the real-time execution price of the underlying equity. Dividends Dividends are automatically reinvested into more of the same token, increasing your xStocks balance instead of a cash payout.
Self-Custody You can withdraw xStocks to a compatible self-hosted wallet for full control and 24/7 on-chain trading.
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