In the wave of accelerated integration between traditional finance and crypto assets, xStocks, as a revolutionary tokenized stock product, is leading the transformation of investment methods. It allows global investors to overcome geographical, temporal, and financial barriers, enabling them to trade stocks directly with cryptocurrencies. This article takes Gate’s CRCLX as an example to detail the operational mechanism and practical path of xStocks.
What is xStocks?
xStocks is a tokenized stock solution launched by the Swiss compliant platform Backed Finance, which converts real listed company stocks into digital assets that can be freely traded on-chain through a 1:1 fully collateralized approach. Each token corresponds to the stock (or ETF) of a specific company, for example:
- AAPLX represents Apple Inc.
- TSLAX represents Tesla.
- CRCLX represents Circle (the well-known issuer of the stablecoin USDC)
- NVDAX stands for NVIDIA.
These tokens are issued on public chains such as Solana (SPL) and Ethereum (ERC-20), with licensed custodians (such as Swiss banks) holding the underlying stocks and undergoing regular independent audits to ensure reserve transparency. Essentially, xStocks is a compliant integration of traditional equity and blockchain technology.
What is CRCLX? Why is it worth paying attention to?
CRCLX is a tokenized certificate of stock from Circle Internet Financial, tracking the company’s stock performance on NASDAQ. As the core issuer of the stablecoin USDC, Circle plays a crucial role in the crypto financial infrastructure, and its stock performance is closely related to the health of the crypto industry. Holding CRCLX is equivalent to gaining price exposure to Circle’s stock (Note: no voting rights or dividend rights).
Starting from July 2025, CRCLX has been launched on Gate, becoming one of the top-ranked assets in terms of trading activity within the xStocks ecosystem.
Step-by-step Guide: Purchase CRCLX in the Gate xStocks Section
Gate will launch the xStocks zone on July 3, 2025, becoming the world’s first platform to support both tokenized stock spot and contract trading simultaneously. Here are the specific steps to purchase CRCLX:
Registration and Account Preparation
- Visit Gate.com (excluding restricted areas like the US/Canada)
- Prepare USDT (to purchase CRCLX base currency)
Deposit USDT
- Go to 【Assets】→【Spot】 account
- Select USDT to get the deposit address (supports multi-chain deposits)
- Transfer sufficient USDT to the Gate account
Find Trading Pairs
- Click on the top 【Trade】 → Select 【Spot】 or 【Alpha Spot Area】
- Enter CRCLX/USDT in the search box (or directly visit the xStocks area)
Place Order to Buy
- Market Order: Execute immediately at the current best price
- Limit Order: Set an ideal buying price, waiting for market fluctuations to trigger
- Enter the purchase quantity (fractional shares trading supported, minimum $10)
- Confirm the order and complete the transaction
Manage Assets
- Position View: The [Assets] page displays the CRCLX balance and floating profit and loss.
Advanced Feature Tip: Gate offers CRCLX perpetual contracts (up to 10x leverage), supporting both long/short operations, suitable for professional traders.
Why Choose Gate for Trading xStocks? Core Advantages Analysis
Borderless Investment Experience
- No need for a stockbroker account, buy global stocks with USDT at the click of a button
- Open to users in non-US regions (China, Southeast Asia, Latin America, etc.)
Innovation in Trading Mechanism
- 24⁄724/7 Trading: Breaking the traditional stock market time limitations of 9:30 AM – 4:00 PM
- On-chain Free Transfers: Tokens can be transferred into DeFi protocols for staking, lending, and other scenarios
- Extremely Low Threshold: Fractional share investments starting from $10
Product Depth Leading
- The world’s first to launch xStocks contract trading (including CRCLX perpetual contracts)
- The Alpha zone offers institutional-level liquidity with lower slippage
Transparent Compliance Assurance
- All tokens are issued backed by 1:1 physical stock collateral from Backed Finance
- The custodian is a Swiss licensed bank (such as InCore Bank)
Risk Warning and Precautions
Although xStocks brings convenience, investors need to be aware of the following risks:
- No shareholder rights: Holding CRCLX does not confer voting rights or cash dividends, only captures price fluctuations.
- Liquidity risk: Some tokens have limited trading depth and may face higher spreads.
- Regulatory differences: Services are not provided to countries like the US and Canada, and policy changes may affect access.
- Technical risks: potential threats such as exchange hacks, on-chain transfer errors, etc.
Conclusion: xStocks Opens the On-Chain Securities Future
xStocks is not just a new product; it is a key attempt to reshape the paradigm of global asset flows. Through platforms like Gate, users can utilize tokenized stocks such as CRCLX to achieve:
- Incorporating stocks into a crypto asset portfolio to hedge against industry volatility risks.
- Investing small amounts in the growth dividends of core companies in the Circle and other tracks.
- Flexible trading 7×24 hours, seize significant market movements after hours.
With the popularity of high-performance chains like Solana and the clarification of regulatory frameworks, xStocks is expected to become a core channel connecting TradFi and DeFi. In the future, more stocks, bonds, and even private equity may land on-chain in this form, ultimately achieving a seamless experience of "one wallet, invest globally.
