Tokenized Assets • Digital Securities • DeFi Innovation
Onchain Stocks
The Future of Traditional Finance
Key Points
Research Insights
Tokenized stocks and private equity, like xStocks on Solana, are gaining traction as new alternative investments with enhanced accessibility.
Platform Adoption
Major platforms like Robinhood, Kraken, and Gemini are driving this trend, offering 24/7 trading and global access to traditional assets.
Market Evolution
Following ICOs, DeFi, NFTs, and memecoins, onchain stocks represent the next cycle in blockchain-based financial innovation.
Tokenized Assets Revolution
Tokenized stocks and private equity represent a fundamental shift in how traditional assets are accessed, traded, and owned. By converting conventional securities into digital tokens on blockchains, this innovation enables fractional ownership, 24/7 trading capabilities, and unprecedented global accessibility.
This transformation follows the natural evolution of blockchain adoption cycles - from ICOs to DeFi, NFTs to memecoins, and now to onchain stocks as the next major alternative investment category.
Core Benefits:
- Fractional ownership of high-value assets
- 24/7 trading outside traditional market hours
- Global accessibility without geographical barriers
- Enhanced liquidity through blockchain infrastructure
- Lower barriers to entry for retail investors
- Integration with DeFi protocols and yield strategies
Blockchain Native
Built on Solana & Arbitrum
Real Assets
1:1 Backed by Actual Shares
Global Access
24/7 Worldwide Trading
Major Platform Initiatives
Robinhood - Leading the Private Equity Revolution
Launched on June 30, 2025, Robinhood's tokenized stocks initiative in the EU represents the most comprehensive offering to date. Beyond traditional stocks, they've pioneered access to private equity giants like OpenAI and SpaceX, previously reserved for institutional investors and accredited individuals.
Key Features:
- 200+ US stocks and ETFs
- Private equity access (OpenAI, SpaceX)
- Custom Arbitrum-based blockchain
- 24/7 trading capabilities
- EU market focus
- Institutional-grade infrastructure
Innovation:
First major platform to tokenize private equity, breaking down traditional barriers to high-value alternative investments.
Kraken - Solana-Powered xStocks Ecosystem
Partnering with Backed Finance, Kraken launched xStocks on May 22, 2025, leveraging Solana's high-performance blockchain and the advanced token2022 program. This implementation offers seamless DeFi integration from day one, positioning tokenized stocks within the broader Solana ecosystem.
Technical Stack:
- Solana blockchain infrastructure
- Token2022 program features
- 50+ tokenized stocks and ETFs
- 1:1 backing by real shares
- Non-US market availability
- Native DeFi integration
Partnership:
Backed Finance collaboration ensures regulatory compliance and asset backing, creating trust in the tokenization process.
Gemini - Arbitrum-Based Strategic Expansion
Starting with MicroStrategy (MSTR) on June 27, 2025, Gemini's measured approach focuses on quality over quantity. Using the Arbitrum network and partnering with Dinari, they're building a foundation for broader tokenized equity offerings in the European market.
Launch Strategy:
- Initial focus on MSTR tokens
- Arbitrum network integration
- EU regulatory compliance
- Fractional ownership enabled
- Planned expansion roadmap
- Dinari partnership
Vision:
Methodical expansion focusing on regulatory clarity and user experience, setting standards for tokenized equity trading.
Market Potential & Future Outlook
Market Size Projections
According to McKinsey research, tokenized assets could reach $24 trillion by 2027, representing 10% of global GDP. This massive market opportunity is driven by increased accessibility, enhanced liquidity, and the natural evolution of financial infrastructure toward blockchain-based solutions.
- $24T projected market size by 2027
- 10% of global GDP representation
- Growing institutional adoption
- Regulatory framework development
Innovation Cycles
The progression from ICOs to DeFi, NFTs to memecoins, and now to tokenized stocks represents the natural maturation of blockchain technology. Each cycle has brought increasing sophistication and real-world utility, with onchain stocks potentially offering the most practical application to date.
Platform Comparison
| Platform | Launch Date | Region | Blockchain | Key Offerings | Private Equity |
|---|---|---|---|---|---|
| Robinhood | June 30, 2025 | EU | Arbitrum | 200+ US stocks, ETFs, OpenAI, SpaceX | Yes |
| Kraken | May 22, 2025 | Non-US | Solana | 50+ stocks, ETFs (xStocks) | No |
| Gemini | June 27, 2025 | EU | Arbitrum | MicroStrategy (MSTR), expanding | No |
Leading Tokenization Projects
Explore the pioneering projects driving the tokenized assets revolution across different blockchain ecosystems.
xStocks
Solana Ecosystem
Built on Solana using token2022, offering 60+ tokenized stocks and ETFs with native DeFi integration and 1:1 backing by real shares.
Backed Finance
Infrastructure Provider
Leading infrastructure provider enabling tokenized equity solutions with regulatory compliance and institutional-grade security standards.
Dinari
Arbitrum Partnership
Partnering with Gemini to bring tokenized equities to Arbitrum, focusing on regulatory compliance and user experience in the EU market.
Complete Tokenized Asset Directory
Comprehensive list of all available tokenized stocks and ETFs from Backed Finance, offering 1:1 backing by real assets and 24/7 trading capabilities.
⚡xStocks (Solana-Based)
Next-generation tokenized stocks on Solana with DeFi integration
Technology Giants
Apple
AAPLx
Microsoft
MSFTx
NVIDIA
NVDAx
Alphabet
GOOGLx
Amazon
AMZNx
Meta
METAx
Tesla
TSLAx
Netflix
NFLXx
Oracle
ORCLx
Cisco
CSCOx
Intel
INTCx
Broadcom
AVGOx
Salesforce
CRMx
Palantir
PLTRx
CrowdStrike
CRWDx
Marvell
MRVLx
AppLovin
APPx
IBM
IBMx
Financial Services
JPMorgan Chase
JPMx
Bank of America
BACx
Berkshire Hathaway
BRK.Bx
Goldman Sachs
GSx
Visa
Vx
Mastercard
MAx
Coinbase
COINx
MicroStrategy
MSTRx
Robinhood
HOODx
Circle
CRCLx
Healthcare & Pharmaceuticals
Johnson & Johnson
JNJx
UnitedHealth
UNHx
Pfizer
PFEx
AbbVie
ABBVx
Eli Lilly
LLYx
Merck
MRKx
Abbott
ABTx
Thermo Fisher
TMOx
Danaher
DHRx
Medtronic
MDTx
AstraZeneca
AZNx
Novo Nordisk
NVOx
Consumer & Industrial
Walmart
WMTx
Coca-Cola
KOx
PepsiCo
PEPx
Procter & Gamble
PGx
McDonald's
MCDx
Home Depot
HDx
Chevron
CVXx
Exxon Mobil
XOMx
Honeywell
HONx
Linde
LINx
Philip Morris
PMx
Comcast
CMCSAx
Accenture
ACNx
Gamestop
GMEx
Amber
AMBRx
ETFs & Market Indexes
S&P 500
SPYx
Nasdaq
QQQx
TQQQ
TQQQx
Vanguard Total
VTIx
Gold ETF
GLDx
DFDV
DFDVx
🔗bTokens (Multi-Chain Assets)
Original tokenized assets across multiple blockchains including Ethereum, Polygon, and more
Equity bTokens
Alphabet
bGOOGL
Microsoft
bMSFT
NVIDIA
bNVDA
Tesla
bTSLA
Coinbase
bCOIN
MicroStrategy
bMSTR
GameStop
bGME
Niu Technologies
bNIU
Fixed Income & Bonds
S&P 500 ETF
bCSPX
1-Month T-Bill
bZPR1
0-1yr Treasury
bIB01
1-3yr Treasury
bIBTA
USD Ultrashort
bERNA
EUR Ultrashort
bERNX
EUR Investment Grade
bC3M
EUR High Yield
bHIGH
Swiss Gov Bond
bCSBGC3
Asset Features & Benefits
xStocks Advantages:
- • Built on Solana for high-speed, low-cost transactions
- • Native DeFi integration and composability
- • 24/7 trading with instant settlement
- • Use as collateral in lending protocols
- • Available on Kraken and Bybit exchanges
bTokens Advantages:
- • Multi-chain availability (Ethereum, Polygon, Base)
- • Established track record and regulatory compliance
- • Includes fixed income and bond products
- • Institutional-grade custody and backing
- • Chainlink Proof of Reserve integration