In July 2025, a wave of xStocks listings swept through the world’s major cryptocurrency exchanges. With this innovative product, users in Africa, the Middle East, or Asia can purchase tokenized stocks of giant companies like Google, Tesla, and Apple simply by holding USDT, completely freeing themselves from geographical restrictions and the constraints of traditional trading hours.
Among many trading platforms, Gate was the first to launch the world’s first dual market for tokenized stock spot and contracts on July 3, becoming the preferred platform for operating xStocks. As of August, Gate has listed over 60 types of stock tokens, covering a diverse range of assets from tech giants to ETFs, with an average daily trading volume exceeding 100 million dollars.
What is xStocks?
xStocks is a tokenization stock solution launched by the Swiss compliant platform Backed Finance, which transforms real publicly listed company stocks into digital assets that can be freely traded on the blockchain by 1:1 fully collateralizing them.
Each Token strictly corresponds to the stock of a specific company (e.g., GOOGLX represents Alphabet stock), with the underlying stocks held in custody by a Swiss licensed bank and regularly subjected to on-chain audits.
Compared to traditional stocks, xStocks’ core breakthroughs lie in three key characteristics:
- 24/7 Trading: Break through the traditional stock market time constraints of 9:30 AM - 4:00 PM EST, supporting24⁄7Trading, responding to major market trends at any time.
- Fragmented Investment: Supports a fractional share mechanism with a minimum purchase starting at 10 dollars, significantly lowering the entry threshold for blue-chip stocks.
- On-chain free circulation: Tokens based on ERC-20 and Solana SPL dual standard issuance, can be transferred to wallets or DeFi protocols for staking, lending, and other scenarios.
What is GOOGLX? The on-chain avatar of Alphabet.
GOOGLX is a tokenized certificate of Alphabet (the parent company of Google) stock, strictly tracking its price performance on NASDAQ.
As of August 13, 2025, according to Gate market data, the price of GOOGLX is approximately $203.76, with a trading volume exceeding $16.22 million in the past 24 hours, and liquidity ranks among the top in the xStocks ecosystem.
GOOGLX runs on a high-performance blockchain network, where Solana provides a throughput capacity of tens of thousands of transactions per second, ensuring instant transaction confirmation; at the same time, it relies on the security and stability of the Ethereum network to form a complementary architecture.
Independent auditing institutions regularly verify reserves, ensuring a 1:1 correspondence between tokens and stock reserves through on-chain verifiable cryptographic evidence, eliminating the risk of excessive issuance.
Step-by-step tutorial: Purchase GOOGLX in the Gate xStocks section
Preparation
- Registration and Certification: Visit Gate.com (non-restricted regions) to complete account registration.
- Funding Recharge: Deposit USDT (supporting multi-chain deposits) into Gate’s [Spot Account] as the base currency for purchase.
Four-Step Purchase Process
- Enter the area: After logging into your Gate account, click on the top 【Trading】 → Select 【xStocks Spot Area】.
- Search trading pair: Enter GOOGLX/USDT in the search box, or directly visit the GOOGLX page in the xStocks section.
Place an order to purchase:
- Market Order: Execute immediately at the best price
- Limit Order: Set an ideal buy price (e.g., $180) to be triggered.
- Enter the purchase amount (minimum $10, fractional shares supported)
- Confirm Position: After the transaction is completed, check the GOOGLX balance and floating profit and loss on the [Assets] page.
Value-Added Skills (Optional)
- Participate in Gate’s limited-time event, trade xStocks for a chance to receive 100 USDT + 10 GT rewards.
- Use up to 10x leverage to long/short GOOGLX in the xStocks contract market (please pay attention to risk management).
Why choose xStocks? Core advantages analysis
A revolutionary tool for global financial inclusion: African investors can still trade Apple stocks after the New York market closes, and Middle Eastern users can allocate stock assets without a local brokerage. Global users can purchase traditional stocks with one click using USDT, without needing a stock brokerage account.
Revolution in Settlement Efficiency: Transaction confirmation has been shortened from the traditional finance T+2 days to on-chain completion in seconds, with asset utilization increased by more than 10 times.
Composite financial functions: Holding GOOGLX can simultaneously serve as collateral to borrow stablecoins, achieving an innovative income model of "earning interest on holdings," which cannot be realized in traditional stock accounts.
Portfolio Diversification: For crypto-native users, xStocks provides a pathway to incorporate hedging traditional stocks into a crypto asset portfolio, effectively diversifying industry volatility risks.
Risk Warning: A Clear Awareness of Three Major Challenges
Regulatory Uncertainty: The SEC has not yet recognized the legality of tokenized stocks, and the policies in Switzerland and Singapore are still evolving. Currently, xStocks is deliberately not launching in the United States and is only available to non-U.S. users.
Equity differences: Holding GOOGLX does not grant voting rights in Alphabet Inc., and dividends are reflected indirectly through token value adjustments, rather than being distributed as cash dividends.
Technical and liquidity risks: extreme market conditions may lead to a short-term price difference of 2%-5%. Some tokens have insufficient on-chain liquidity — — 60% of xStocks’ daily trading volume is concentrated in the top 6 assets.
Platform Dependency Risk: Asset security relies on the operational status of the Gate platform and cooperating custodians (such as Backed Finance), so it is necessary to choose a reputable trading platform.
Future Outlook
As xStocks’ average daily trading volume surpasses 100 million dollars, this fusion model is driving crypto finance from "marginal experimentation" to "institutional integration."
In the future, when more traditional assets are tokenized and brought onto the chain, the seamless experience of "one wallet, investing globally" will become the standard configuration for the new generation of investors.
For ordinary investors, GOOGLX is not only a ticket to Alphabet’s growth dividends but also an important medium for participating in the evolution of the financial system. As crypto analyst Max said, "On-chain stock trading is not a replacement for traditional markets, but rather creating a more inclusive parallel universe.
