In July 2025, the world’s leading cryptocurrency exchange Gate officially launched the xStocks trading zone, integrating tokenized stock spot and contract trading into the same platform for the first time.
Users can directly trade tokenized assets that represent real US stock assets through USDT, such as popular stocks like Tesla (TSLAx), Apple (AAPLx), and Nvidia (NVDAx). This innovation breaks the structural barriers of traditional finance, such as "trading on business days, whole share investments, and long custody periods."
As the first platform in the world to launch a tokenized stock contract market, Gate not only opens up new channels for real-world assets (RWA) but may also trigger explosive growth in the RWA sector in the second half of 2025.
Breaking Boundaries and Integrating, A New Paradigm in Finance
The integration of traditional finance and crypto assets will reach a critical turning point in 2025. On July 3rd, Gate announced that its xStocks section is officially open to global users, with the first batch supporting 8 core underlying assets including COINX, NVDAX, AAPLX, TSLAX, etc.
Unlike the launch of conventional products, xStocks represents a systematic reconstruction.
Each xStocks token is fully backed by actual stock assets, utilizing a compliant physical asset tokenization model to ensure transparency and security. Technically, Gate has deeply optimized core modules such as the matching engine, custody mechanism, and liquidity design.
Round-the-clock trading has become the biggest highlight. Global users are no longer restricted by Wall Street opening hours, achieving 7×24 hours of uninterrupted trading. The fractional investment feature allows small amounts of capital to participate in high-priced stock investments, significantly lowering the participation threshold.
On-chain transfer freedom has completely changed the asset freezing cycle of traditional brokers, achieving instant settlement.
World’s First, Strategic Value of the Contract Market
While the industry is still exploring "traditional asset on-chain", Gate has completed a comprehensive connection from the underlying architecture to the trading loop. Its launched tokenized stock contract market is the first of its kind globally, supporting long and short operations with leverage ranging from 1x to 10x.
This design has significant strategic importance. Users can directly execute long or short strategies on tokenized US stocks under the USDT pricing system.
Whether it is the arbitrage needs of professional traders or the risk hedging of retail investors, they can all be achieved within a unified framework.
The opening of the contract market allows crypto-native traders to apply familiar strategies to real-world stocks, eliminating the cognitive barriers between traditional finance and crypto trading.
The integration of technology is behind the upgrade of product philosophy. Gate does not simply replicate traditional stock trading, but reconstructs the trading process based on the habits of crypto users. The platform has customized a highly responsive and compatible trading system tailored to the liquidity characteristics of tokenized assets, adapting natively to key aspects such as price discovery and risk management.
Reconstruct the relationship between users and assets
Gate founder and CEO Dr. Han clearly stated: "Our goal is not just to provide one more trading category, but to fundamentally reshape the relationship between users and assets."
This vision is fully presented in the xStocks section.
In the traditional model, users need to go through complex processes such as opening an account with a broker, depositing fiat currency, and waiting for a trading window. However, the on-chain entry created by Gate allows users to connect directly to Wall Street with just a USDT wallet. The design that does not require KYC significantly lowers the global participation threshold.
xStocks has integrated with the Gate Alpha module, supporting on-chain strategy interactions and modular gameplay. The first batch of listed assets includes MSTRx, CRCLx, SPYx, etc., providing rich application scenarios for high-frequency traders and strategy developers.
This "borderless investment channel" reshapes the way connections were originally highly dependent on centralized institutions.
The key pivot that will ignite the RWA track
The RWA (Real World Assets) sector is expected to enter a breakout window in 2025. User participation in Gate’s xStocks area has continued to rise since its launch in July. As of July 18, the trading volume in this area has exceeded the performance of regular new product launches.
To accelerate user migration, Gate launched a special incentive event from July 3rd to 11th: new users who complete their first trade can receive a 100 USDT experience voucher and 10 GT tokens; users who meet the trading volume criteria can share a pool of 100,000 USDT contract experience vouchers.
The xStocks trading competition features tiered rewards, with a maximum of 300 USDT available to individual participants. These activities have effectively activated the participation enthusiasm of over 30 million users on the platform.
Compared to platforms like Binance and OKX, which focus their explorations in the RWA sector mainly on institutional scenarios such as bonds and funds, Gate’s xStocks has taken the lead in achieving a trading closed loop aimed at retail investors.
This dual advantage of "product integration" and "user adaptation" allows it to occupy a unique position in the RWA track competition.
On-chain Entry for Future Finance
In 2025, Gate completed its brand upgrade and unified the use of the Gate.com domain, marking a new stage in its globalization strategy. The platform ranks second globally in spot trading volume and consistently stays in the top five in the contract market, providing a solid foundation for the on-chain transformation of traditional assets.
The launch of xStocks marks a turning point for decentralized finance from "application innovation" to "institutional integration." It establishes an institutional interface between traditional finance and on-chain networks, and its openness, compatibility, and scalability provide a stable framework for global financial interoperability.
In the future, as more traditional assets are brought onto the blockchain system, Gate is expected to become a key hub for on-chain real-world assets.
Stocks are just the starting point; the tokenization paths for assets like gold, bonds, and funds have been clearly presented in Gate’s strategic blueprint. This trend of on-chain migration is reshaping the operational paradigm of global capital markets.
Future Outlook
The launch of xStocks is timely. In 2025, the global stock market continues to rise, with the Nasdaq index up over 20%, led by the AI and chip sectors.
However, the limitations of traditional participation channels make it difficult for crypto users to share in the dividends. Gate’s solution allows 30 million users to participate in the global capital market without the need to change their identity.
With the trading volume of xStocks continuing to rise, as of July 18, the special area has become one of the most active innovative sectors on the platform.
The future of finance is slowly unfolding at the interface of Gate’s blockchain: a global capital market without borders, time limits, or barriers is becoming a reality.
