June 30, 2025 – In a groundbreaking development that marks a new era for decentralized finance, Jupiter Exchange has officially launched tokenized stock trading on the Solana blockchain. This historic move brings traditional Wall Street equities directly into the DeFi ecosystem, allowing users to trade stocks like Apple, Tesla, and NVIDIA using cryptocurrencies for the first time at scale.
The Dawn of On-Chain Stock Trading
Backed, the pioneer issuer of tokenized stocks, today announced the official launch of xStocks, bringing over 60 tokenized stocks, including household names like Apple, Amazon, and Microsoft, to Bybit, Kraken, and the Solana blockchain. This integration with Jupiter Exchange represents a seismic shift in how traditional finance intersects with decentralized technologies.
Jupiter is one of the largest decentralized trading platforms and one of the most active governance communities in crypto. We’re building the everything exchange for everyone. With this launch, Jupiter has transformed from a crypto-only DEX aggregator into a comprehensive financial platform that bridges traditional and digital assets.
What Are xStocks and How Do They Work?
xStocks represent a revolutionary approach to stock ownership in the digital age. xStocks will bring U.S. equities—household names like Apple, Tesla, Google, and Meta—onchain as tokenized assets. By eliminating borders, brokers, and high fees, xStocks democratize access to global markets like never before.
These tokenized stocks are backed by real shares held in traditional custody, but can be traded 24/7 on the blockchain without the limitations of traditional market hours. Each xStock token represents fractional ownership of the underlying stock, making premium shares affordable for retail investors worldwide.
Key Features of xStocks on Jupiter:
- 24/7 Trading: Unlike traditional markets, xStocks can be traded around the clock
- Fractional Ownership: Buy portions of expensive stocks like Berkshire Hathaway or Amazon
- DeFi Integration: Use stocks as collateral, provide liquidity, or participate in yield farming
- Global Access: No geographic restrictions or complex broker requirements
- Instant Settlement: Transactions settle in seconds, not days
The xStocks Alliance: A Powerhouse Partnership
DeFi-ready tokenized stocks going live on Bybit, Kraken, and Solana—Bybit, Chainlink, Raydium, Jupiter, and Kamino join xStocks Alliance. This strategic alliance represents the most significant collaboration between traditional finance and DeFi protocols to date.
Alliance Partners and Their Roles:
Jupiter Exchange: Serves as the primary DEX aggregator, Jupiter routes and executes capital-efficient trades, ensuring competitive pricing for tokenized stocks.
Raydium: Raydium, the largest DEX on Solana, will serve as the AMM liquidity hub for xStocks on the chain, enabling users to actively participate in providing liquidity and benefit from trading fees and incentives.
Chainlink: Provides reliable price feeds and oracle services to ensure accurate stock pricing.
Kamino: Offers lending and borrowing services, allowing users to leverage their xStock positions.
Revolutionary DeFi Integration
With this integration, stocks can now be used to provide liquidity on Raydium, be traded on Jupiter or swapped to and from Kamino. In other words, stocks are now being integrated into Solana’s DeFi ecosystem, which has a current total value locked of $8.56 billion.
This integration opens unprecedented possibilities:
Liquidity Provision
Users can now provide liquidity for stock trading pairs, earning fees from every trade while maintaining exposure to their favorite companies.
Collateralized Lending
Stock holdings can serve as collateral for DeFi loans, unlocking capital without selling positions.
Yield Farming
Participate in yield farming strategies using tokenized stocks, combining traditional equity exposure with DeFi yields.
Cross-Chain Trading
Seamlessly swap between different stocks and cryptocurrencies in a single transaction.
Why Solana Was Chosen as the Foundation
Kraken selected Solana as the launch chain for xStocks because of its unmatched performance, low latency and thriving global ecosystem. As the most used public blockchain in the world, Solana provides the ideal foundation for bringing equities onchain at internet scale.
Solana’s advantages for tokenized stocks include:
- High Throughput: Capable of processing thousands of transactions per second
- Low Costs: Transaction fees typically under $0.01
- Fast Finality: Trades settle in 400-600 milliseconds
- Robust Ecosystem: Mature DeFi infrastructure and developer tools
The Broader Tokenization Trend
The initiative is part of a broader trend of bringing traditional financial instruments onto blockchain rails, also known as tokenization of real-world assets. This movement is gaining momentum across the financial industry, with major institutions recognizing the benefits of blockchain-based assets.
Experts now expect that 80% of institutional investors will adopt tokenized assets by 2025, indicating massive institutional appetite for this technology.
Available xStocks Portfolio
The initial launch includes over 60 tokenized stocks and ETFs, featuring:
Technology Giants
- Apple (AAPL): The world’s most valuable company
- Microsoft (MSFT): Cloud computing and software leader
- NVIDIA (NVDA): AI and semiconductor powerhouse
- Tesla (TSLA): Electric vehicle and clean energy innovator
- Amazon (AMZN): E-commerce and cloud services giant
- Google/Alphabet (GOOGL): Search and digital advertising leader
Diversified ETFs
- S&P 500 (SPY): Broad market exposure to top 500 US companies
- Technology Sector ETFs: Concentrated tech exposure
- Growth and Value ETFs: Different investment strategies
Financial and Consumer Stocks
- Meta (META): Social media and metaverse platform
- Netflix (NFLX): Streaming entertainment leader
- PayPal (PYPL): Digital payments innovator
Trading Experience and User Interface
The Jupiter Exchange interface for xStocks maintains the platform’s signature simplicity while adding sophisticated features for stock trading. Users can:
- Instant Swaps: Convert between any cryptocurrency and xStocks
- Limit Orders: Set specific price targets for stock purchases
- Dollar-Cost Averaging: Automate regular stock purchases
- Portfolio Tracking: Monitor performance across crypto and stock holdings
Regulatory Compliance and Safety
All xStocks are issued by Backed Finance, which maintains full regulatory compliance and backs each token with real shares held in traditional custody accounts. This ensures:
- Regulatory Compliance: Full adherence to securities regulations
- Asset Backing: Every token backed by real shares
- Custody Security: Professional-grade asset storage
- Transparency: Regular audits and reporting
Market Impact and Implications
The launch of tokenized stocks on Jupiter Exchange represents a watershed moment for both DeFi and traditional finance. Key implications include:
For DeFi Users
- Access to traditional asset classes without leaving crypto
- New yield farming and liquidity provision opportunities
- Portfolio diversification beyond cryptocurrencies
- 24/7 trading flexibility
For Traditional Investors
- Introduction to DeFi yield opportunities
- Fractional ownership of expensive stocks
- Global market access without geographic restrictions
- Faster settlement times
For the Broader Market
- Increased liquidity bridging crypto and traditional markets
- Price discovery improvements across asset classes
- New financial products and services
- Institutional adoption acceleration
Future Developments and Roadmap
Soon, xStocks will be integrated into Jupiter Lend, unlocking deep liquidity and capital-efficient borrowing. This integration will enable users to borrow against their stock holdings, creating new capital efficiency opportunities.
Additional planned features include:
- Options Trading: Tokenized stock options for sophisticated strategies
- International Stocks: Expansion beyond US equities
- Corporate Actions: Dividend distribution and stock splits
- Advanced Analytics: Professional-grade trading tools
Risks and Considerations
While tokenized stocks offer exciting opportunities, investors should consider:
Regulatory Risks
- Evolving regulatory landscape for tokenized assets
- Potential restrictions in certain jurisdictions
- Compliance requirements for large transactions
Technical Risks
- Smart contract vulnerabilities
- Blockchain network congestion
- Oracle price feed accuracy
Market Risks
- Liquidity differences from traditional markets
- Price volatility during market stress
- Custody and counterparty risks
How to Get Started
To begin trading xStocks on Jupiter Exchange:
- Set Up a Solana Wallet: Use Phantom, Solflare, or another compatible wallet
- Fund Your Wallet: Deposit SOL, USDC, or USDT
- Connect to Jupiter: Visit jup.ag and connect your wallet
- Select xStocks: Choose from the available tokenized stocks
- Execute Trades: Swap cryptocurrencies for xStocks instantly
The Future of Finance is Here
The launch of tokenized stocks on Jupiter Exchange marks a historic moment in financial innovation. By bringing traditional Wall Street equities onto the Solana blockchain, this development creates unprecedented opportunities for both crypto natives and traditional investors.
By eliminating borders, brokers, and high fees, xStocks represent the democratization of global financial markets. This is not just a new product launch—it’s the beginning of a new era where the boundaries between traditional and decentralized finance dissolve.
As institutional adoption accelerates and regulatory frameworks mature, tokenized stocks on Jupiter Exchange are positioned to become a cornerstone of the next-generation financial system. The future of finance is here, and it’s happening on-chain.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Tokenized stocks carry risks including regulatory, technical, and market risks. Always conduct thorough research and consider your risk tolerance before investing.
