TL;DR
- Bitrue has introduced tokenized stock trading through its new feature, “Bitrue Alpha”, in partnership with Backed Finance’s xStocks.
- The platform allows users outside restricted regions to trade blockchain-based tokens representing U.S. equities.
- Initial offerings include tokenized Apple, Tesla, NVIDIA, and others. These assets can be traded 24/7 using USDT, providing fast execution and DeFi integration, although they do not carry ownership or shareholder rights.
Crypto exchange Bitrue has rolled out support for tokenized stocks, offering its global user base a new way to engage with U.S. equity markets. Enabled via the xStocks product from Backed Finance, the offering introduces blockchain-based representations of major American stocks and ETFs. This innovation targets investors in jurisdictions not restricted by local securities laws, excluding the U.S., U.K., and EU.
Bitrue will initially support six xStock tokens, including Apple (AAPLX), Circle Internet Group (CRCLX), MicroStrategy (MSTRX), Tesla (TSLAX), NVIDIA (NVDAX), and SPDR S&P 500 ETF Trust (SPYX). The exchange’s Bitrue Alpha feature is the entry point for these tokens, designed to accelerate access to trending digital assets. It provides a pathway for promising tokens to reach the broader spot market.
On-Chain Equities With Real-Time Access
Tokenized stocks on Bitrue can be traded directly with USDT and settled in seconds. Users avoid intermediaries, bypassing excessive brokerage fees and enjoying a streamlined process. Although these digital assets do not offer ownership, dividends, or voting rights, they are backed by real-world assets and can serve as collateral in DeFi protocols. This positions xStocks as a versatile tool in decentralized finance strategies.
Unlike traditional equities limited to market hours, these tokens are tradable 24/7, offering constant access to market exposure. They integrate seamlessly with crypto wallets and platforms, bridging the gap between conventional financial markets and decentralized ecosystems. The flexibility and round-the-clock trading model could attract new investors seeking alternative ways to diversify their holdings in a dynamic market landscape.
Expanding Portfolio Opportunities for Retail Traders
Bitrue’s CMO Adam O’Neill highlighted the inclusive potential of the feature, noting it enables small-scale investors to participate in markets that were previously difficult to access. The company also revealed plans to expand the tokenized stock selection over time, responding to user demand and market momentum.
Bitrue is embracing tokenization not just as a trading feature, but as a long-term shift in how assets are issued, accessed, and managed in the digital age. By combining crypto-native benefits with familiar equities, the exchange is opening new doors for capital growth and financial inclusion.
