Tokenized stocks (xStocks)
SOLA tokenized stock is a real, exchange-listed share (e.g. Apple or Tesla) turned into a crypto token that you can trade on the SolanaSolanaA fast blockchain (under 1s, gas under $0.01). Home to the Kamino, Orca and Meteora ecosystem.Read the lesson → network 24/7. In this lesson you'll understand how it's created and what backs it.
A simple analogy
A tokenized stock is like a warehouse receipt. The real goods (the share) sit in the warehouse, and you hold a receipt (the token) in your hand that you can freely pass on to someone else. The receipt only has value because a real good genuinely stands behind it.
What are xStocks?
xStocks is the most popular line of tokenized stocks. They're created by Backed Finance AG — a Swiss company operating under the Swiss DLT Act (the digital assets law). In December 2025, Backed Finance was fully acquired by the exchange Kraken.
| Feature | xStocks |
|---|---|
| IssuerIssuerA regulated company that holds the real asset and issues the token representing it.Read the lesson → | Backed Finance AG (Switzerland) |
| Regulation | Swiss DLT Act |
| Network | SOL (SPL tokens) |
| Backing | 1:1 by a real share held with a custodian |
| Assets available | 60+ stocks and ETFs |
How is a single xStock created?
The process is simple and strictly backed:
Issuer buys the real share
Backed Finance buys the real share on an exchange through a traditional broker — exactly the way any investor would.
Share is held with a custodian
The purchased share is handed to a licensed, regulated custodian for safekeeping. It physically exists and is locked up.
A 1:1-backed token is issued
An SPL token is issued on the Solana network, backed by that one share. One token matches one real share — never more.
A 1:1 backing means the number of tokens in circulation always equals the number of shares in custody.
The logic behind token names
A tokenized stock is often given the share's ticker symbol plus a suffix. For example, Apple's ticker on the exchange is AAPL — its tokenized version might look something like AAPLx. That's just an example of the general style, not a strict rule — you'll always see the real name in the trading interface.
Why this matters
The token symbol helps avoid confusion. Build one habit: before you swap, confirm it's the official, backed token from the issuer, not a similarly named copy. It's a simple skill you'll quickly start doing automatically.
What can already be tokenized?
There are currently 60+ tokenized stocks and ETFs, including well-known companies:
| Stock | Symbol |
|---|---|
| Apple | AAPL |
| Tesla | TSLA |
| ...and 58+ more | various |
The sector is already sizeable: the market cap of tokenized assets exceeds $1 billion, with 185,000+ holders (as of March 2026).
Where can you buy and trade them?
| Place | Type | Best for |
|---|---|---|
| Jupiter SOL | DEXDEXDecentralized Exchange — a decentralized exchange (e.g. Jupiter, Orca, Uniswap). No KYC required.Read the lesson → aggregator | SwappingSwapExchanging one token for another. E.g. SOL to USDC via Jupiter.Read the lesson → on the SolanaSolanaA fast blockchain (under 1s, gas under $0.01). Home to the Kamino, Orca and Meteora ecosystem.Read the lesson → network |
| Raydium SOL | DEXDEXDecentralized Exchange — a decentralized exchange (e.g. Jupiter, Orca, Uniswap). No KYC required.Read the lesson → pools | Liquidity and swapping |
| Kraken | Centralized exchange | Beginners, simpler |
What makes tokenized stocks better?
3 key advantages
Trading 24/7 — even on weekends and at night, when the traditional exchange is closed.
Fractional shares — you can buy even part of a share, if you don't want or can't afford a whole one.
Composability — you can use the token in DeFiDeFiDecentralized Finance — financial services without intermediaries, operating through smart contracts.Read the lesson →: for example, as collateral on KaminoKaminoSolana lending protocol. In our strategy: SOL collateral to a USDC loan.Read the lesson → SOL or paired in RaydiumRaydiumA Solana DEX with liquidity pools — one of the largest by volume.Read the lesson → SOL pools.
Once you understand the backing chain, you can judge for yourself whether a token genuinely has support behind it — you no longer need to blindly trust anything, because you now understand the verification logic.
Summary
| Question | Answer |
|---|---|
| Who creates it? | Backed Finance AG (owned by Kraken) |
| What backs it? | 1:1 by a real share held with a custodian |
| Where does it trade? | Jupiter, RaydiumRaydiumA Solana DEX with liquidity pools — one of the largest by volume.Read the lesson →, Kraken |
| When does it trade? | 24/7, even on weekends |
| How many assets? | 60+ stocks and ETFs |
This is not investment advice — the lesson explains the mechanism, it doesn't tell you what to buy. Tokenized stocks are regulated securities, and the rules and availability differ across countries and change fast — check the current status yourself before acting.
This is an exploration task with no money involved — just seeing what tokenized stocks actually look like. Takes about 5-10 minutes.
DON'T BUY ANYTHING — just explore and write it down. This is not investment advice, just a hands-on exploration task.
This is learning, not investing — use only small amounts you treat as tuition.
You just found real backed tokenized stocks yourself and checked their symbols — that's exactly the hands-on familiarity most people skip, which is why they never get past the rumors.