TL;DR
- Ether.Fi launched native xStocks minting and redemption on OP Mainnet, moving eligible users from wrapped access to direct tokenized-equity interactions inside self-custodial accounts.
- More than 1,500 xStocks have already been deployed natively on OP Mainnet for months, covering the Russell 1000 and other major market products.
- xStocks have generated over $46 billion in transaction volume since June 2025, while availability remains subject to geographic restrictions, including the United States.
Ether.Fi has launched native xStocks minting and redemption on OP Mainnet, giving eligible users direct access to tokenized equities inside its self-custodial app. According to Optimism’s official announcement, the full xStocks catalog of more than 1,500 equities has been running natively on OP Mainnet for several months, without bridges or wrappers. Eligible users can mint through the xStocks.fi web interface. The launch moves Ether.Fi from wrapped access to native real-world asset tokenization on the Layer 2, alongside its staking, Cash and borrowing products.
Native xStocks Remove Wrapped Routing Through Ethereum
xStocks covers the full Russell 1000 plus assets such as NVDAx, TSLAx, QQQx, SPYx and TBLLx. Ether.Fi first added xStocks trading in wrapped form with its Summer 2026 release, but native minting and redemption now occur directly on OP Mainnet rather than routing through Ethereum mainnet. That distinction changes how the app reaches the tokenized assets, not the catalog itself. The change deepens the tokenized-stock functionality already available inside Ether.Fi while reducing an extra routing step for eligible users and keeping the assets within self-custodial accounts.
The architecture separates responsibilities across three layers. Backed Assets and Payward operate the xStocks asset layer across 12 chains, Ether.Fi provides the application layer and self-custodial user accounts, while OP Mainnet serves as settlement infrastructure. Optimism Foundation and OP Labs do not issue, operate, custody or administer xStocks. Native deployment also makes the assets composable with lending markets, DEXs and applications already operating on OP Mainnet without a bridge, subject to issuer limits and each venue’s geographic availability. Developers can use Ethereum tooling around those assets. The setup expands OP Mainnet’s tokenization infrastructure for financial applications.
Optimism said more than 1,500 xStocks have been natively deployed on OP Mainnet for several months, while the product has generated over $46 billion in total transaction volume since launching in June 2025. The network now hosts tokenized securities alongside stablecoins and lending, and more than 50 production chains run on the open-source, MIT-licensed OP Stack. Ether.Fi’s rollout connects that settlement layer directly with consumer-facing access, alongside Ether.Fi Cash on OP Mainnet. Optimism presents the combination as a model for open financial rails where product categories can coexist. Users can access them through Ether.Fi or xStocks.fi. Access remains restricted geographically: xStocks are unavailable in the United States, United Kingdom and other restricted jurisdictions.
