Tokenized stocks represent a transformative innovation in financial markets, blending traditional equities with blockchain technology. In 2026, these assets, also known as xStocks or similar variants, allow investors to gain exposure to real-world company shares like Apple, Tesla, or NVIDIA through digital tokens backed 1:1 by underlying equities held in regulated custody.
Source: RWA.XYZ
The top platforms leading this space include BingX, NYSE, Kraken xStocks, Bybit xStocks, Gemini Tokenized Stocks, Raydium, Robinhood EU, Jupiter, Kamino, and Phantom. The broader tokenized real-world assets (RWA) market, which includes tokenized stocks alongside treasuries, bonds, indices, and commodities, has seen explosive growth, with projections estimating it could reach up to $400 billion by the end of 2026 from around $36 billion earlier in the year, driven by institutional adoption and DeFi convergence.
Tokenized equities specifically contribute to this surge, with leading tokens like TSLAX (Tesla) holding market caps in the tens of millions, such as approximately $71 million for TSLAX, and overall tokenized stock liquidity expanding rapidly on chains like Solana, dominating with over $875 million in value and more than 95% of trading volume in recent periods, and Ethereum.
What Are Tokenized Stocks (xStocks) and How Do They Work?
Tokenized stocks or xStocks are blockchain-based digital representations that mirror the price performance of traditional company shares or ETFs. A regulated issuer purchases and holds the actual underlying shares with licensed custodians, minting corresponding tokens on chains like Solana, Ethereum, or others. These tokens trade on centralized exchanges (CEXs) like BingX or decentralized platforms (DEXs), providing economic exposure, typically without voting rights or full shareholder protections, while maintaining a 1:1 peg through redemption mechanisms for eligible parties. This structure enables near-24/7 trading, low barriers to entry, and DeFi composability, such as using tokens as collateral or in liquidity pools.
What Are the Benefits of Investing in Tokenized Equities?
Investing in tokenized equities offers several compelling advantages over traditional stock trading in 2026. Key benefits include extended or near-24/7 trading hours, allowing investors to react immediately to global news, earnings reports, or macroeconomic events outside conventional market sessions. Fractional ownership enables entry with small amounts, often as little as a few dollars, democratizing access to high-value stocks like Tesla, NVIDIA, or Apple and supporting better diversification.
Global accessibility removes barriers for users in regions with limited brokerage options, while instant on-chain settlement reduces counterparty risk and eliminates multi-day clearing delays. Additional perks encompass lower transaction costs in many cases, enhanced liquidity through peer-to-peer mechanisms, and DeFi integration for advanced strategies like using tokens as collateral in lending protocols, providing yield via liquidity pools, or enabling programmable features.
These elements combine to create a more efficient, inclusive, and flexible bridge between traditional finance and blockchain ecosystems, with the tokenized asset market's rapid quadrupling in value through 2025 underscoring growing demand for these efficiencies.
What Are the Top 10 Platforms to Trade Tokenized Stocks in 2026?
Several platforms stand out for trading tokenized stocks in 2026, ranging from user-friendly CEXs to DeFi-native options on Solana. Here is a ranked list highlighting the top choices based on accessibility, liquidity, features, regulatory backing, and user adoption.
1. BingX
BingX spot market and futures markets ranks as the top choice due to its seamless integration of tokenized stocks with crypto trading tools. It offers both spot and futures markets for a wide range of tokenized equities, including Solana-based xStocks like AAPLx, NVDAx, and TSLAX, alongside Ondo-issued assets such as GOOGLon, SPYon, and other U.S. equity trackers, supporting up to 35 spot tokenized equities and 26 futures markets.
BingX is highly versatile as it also supports trading traditional stock futures with crypto in addition to tokenized stocks. Key advantages include trading with USDT/USDC, fractional access starting from pennies, zero-fee spot trades in many cases, BingX AI-powered insights for real-time trend detection and analytics, leverage options in futures for advanced strategies like longing or shorting tokenized positions, high liquidity with deep order books, copy-trading features for beginners, and a familiar, intuitive interface that bridges tokenized stock exposure with crypto-native features, making it ideal for beginners and experienced traders seeking diversified, around-the-clock access without traditional brokerage hurdles, especially in regions with restricted access.
Beyond tokenized stocks, BingX TradFi enables traders to trade stock perpetual futures directly with crypto, offering 24/7 access to global equity exposure without a traditional brokerage account. On BingX TradFi, users can trade popular stock perpetuals such as Apple (AAPL), Tesla (TSLA), NVIDIA (NVDA), Microsoft (MSFT), Amazon (AMZN), Meta (META), Alphabet (GOOGL), and stock indices like S&P 500–linked products, all settled in USDT.
Read more: How to Trade Forex, Commodities, Stocks, and Indices With BingX TradFi: A Beginner’s Guide (2026)
2. NYSE
💥BREAKING:
— Crypto Rover (@cryptorover) January 19, 2026
🇺🇸 NYSE to launch 24/7 US stock trading through new on-chain tokenized exchange. pic.twitter.com/ZCZXbylV37
Source: X
NYSE is pioneering a blockchain-based platform for tokenized securities and ETFs, enabling 24/7 trading with instant settlement. As a major traditional exchange operator, it combines its established Pillar matching engine with on-chain capabilities and blockchain-based post-trade systems, potentially supporting fungible tokenized shares alongside native digital ones, including dividends, governance rights, dollar-based orders, and stablecoin funding, positioning it as a bridge for institutional adoption pending full regulatory rollout and expanding tokenized U.S. listed equities access.
3. Kraken xStocks
Source: Kraken
Kraken xStocks provides reliable access to over 60 tokenized U.S. stocks and ETFs (including names like TSLAx, AAPLx, NVDAx, and GameStop GMEx), backed 1:1 by real shares and issued as SPL tokens on-chain. It supports 24/5 trading (with expansions toward full 24/7 and weekend support), self-custody withdrawal to personal wallets, zero trading fees for certain purchases using USD or stablecoins, instant clearing, dividend adjustments reflected in token balances, and strong integration within a trusted crypto exchange environment, making it especially strong for non-U.S. users seeking compliant, regulated exposure with growing liquidity.
4. Bybit xStocks
Bybit xStocks delivers 24/7 spot trading of tokenized equities issued under Swiss regulations by providers like Backed Finance, with broad global accessibility (though restricted in some regions like parts of EEA), DeFi interoperability, and support for major names like NVIDIA, Tesla, Apple, and Amazon. It emphasizes borderless, on-chain experiences with competitive execution, USDT trading pairs, fractional ownership, and seamless integration across CEX and DeFi ecosystems for enhanced liquidity and flexibility.
5. Gemini Tokenized Stocks
Gemini Tokenized Stocks focuses on EU users, providing fractional, blockchain-based U.S. equities (including partnerships like Dinari for assets such as MicroStrategy) without a traditional U.S. broker requirement. It combines crypto reliability with equity exposure in a highly regulated setting, robust custody, tight spreads (around 0.4% in tests), reliable order execution, and secure infrastructure suitable for compliant, secure trading in restricted jurisdictions.
6. Raydium
Raydium is a leading Solana DEX, serves as a primary liquidity hub for xStocks, enabling direct swaps, liquidity provision to earn fees, and on-chain trading in a fully decentralized DeFi environment. It offers fast, low-cost transactions leveraging Solana's high throughput, integration with tokenized equities for pools involving TSLAx or NVDAx, and composability with other protocols, ideal for users seeking self-custody and DeFi yield opportunities.
7. Robinhood EU
Robinhood EU offers tokenized versions of over 200 (and growing) U.S. stocks and ETFs exclusively for European users, built on networks like Arbitrum with near-24/7 access, zero commissions in many cases, dividend support via blockchain, fractional trading starting at €1, and a familiar, user-friendly mobile app interface, making it highly accessible for beginners in the EU seeking seamless entry into tokenized equities.
8. Jupiter
Jupiter is Solana's premier DEX aggregator that routes trades across multiple protocols for optimal pricing and execution on tokenized stocks like xStocks. It supports efficient swaps, low slippage, integration with broader DeFi tools, and competitive routing for assets such as AAPLx or TSLAX, enhancing liquidity and best-price discovery in the Solana ecosystem for advanced on-chain traders.
9. Kamino
xStocks <> Kamino
— xStocks (@xStocksFi) July 14, 2025
We're live on @KaminoFinance, allowing users to use tokenized stocks as collateral or swap on @solana. Kamino is the newest member of the xStocks Alliance, joining us to shape the future of capital markets.
Designed for everyone, onchain and DeFi-ready. pic.twitter.com/Elbu0iAhvU
Source: X
Kamino enhances tokenized stock utility on Solana by allowing them as collateral in lending markets, enabling borrowing against positions like AAPLx, TSLAx, or NVDAx, yield strategies through structured products, automated lending/borrowing, and swaps via Kamino Swap. It provides decentralized leverage, risk management tools, and composability in DeFi, perfect for users looking to amplify exposure or generate yield on tokenized equities.
10. Phantom
Buy and sell your favorite Tokenized Stocks 24/7—directly onchain.
— Phantom (@phantom) September 11, 2025
Discover Tokenized Stocks in Phantom, powered by @xStocksFi ⚡ pic.twitter.com/8BxnuC7Ei4
Source: X
Phantom wallet provides native support for xStocks on Solana, allowing users to hold, view, manage, and securely store tokenized equities alongside other assets with full self-custody. It features easy connectivity to DEXs like Raydium or Jupiter for trading, DeFi participation, wallet security tools, and seamless integration, serving as an essential gateway for on-chain tokenized stock holders prioritizing control and multi-asset management.
How to Trade Tokenized Stocks on BingX: Step-by-Step Guide
Source: TSLAX/USDT trading pair on the spot market powered by BingX AI
BingX combines tokenized equities with BingX AI–powered tools to help you identify trends, manage risk, and execute trades efficiently. Whether you prefer owning spot exposure or trading price movements with leverage, BingX offers two flexible ways to trade xStocks using crypto.
Buy and Sell Tokenized Stocks on the BingX Spot Market
Spot trading is ideal if you want direct price exposure to tokenized stocks without leverage.
1. Log in to your BingX account and fund it with USDT.
2. Go to Spot Trading and search for the tokenized stock pair, e.g., AAPLX/USDT, NVDAX/USDT, NVDAON/USDT
3. Use BingX AI indicators and charts to analyze price trends and liquidity.
4. Place a Market order for instant execution or a Limit order at your preferred price.
5. Hold the xStock for long-term exposure or sell anytime; spot markets allow straightforward buy-and-hold strategies.
Long or Short Tokenized Stocks with Leverage on the Futures Market
NVDAX/USDT perpetual contact on the futures market powered by BingX AI
Futures trading suits active traders who want leverage, hedging, or short-selling flexibility.
2. Open Perpetual Futures and select the tokenized stock contract like NVDAX/USDT perpetual contract or AAPLX/USDT perpetuals.
3. Choose Cross or Isolated margin and set your leverage based on risk tolerance.
4. Use BingX AI insights, funding rates, and order book depth to time entries.
5. Set Take-Profit (TP) and Stop-Loss (SL) orders to manage risk, then go Long or Short based on your market view.
Tip: Futures amplify gains and losses. Use conservative leverage and always apply TP/SL to protect capital.
Conclusion: Should You Trade Tokenized Stocks in 2026?
Tokenized stocks in 2026 bridge traditional finance and blockchain, delivering greater accessibility, flexibility, and innovation through extended hours, fractional investing, and DeFi potential. Platforms like BingX lead for ease and tools, while Solana-based options such as Raydium, Jupiter, Kamino, and Phantom excel in on-chain composability, and regulated players like Kraken, Bybit, Gemini, Robinhood EU, and emerging NYSE developments ensure security and scale. As adoption grows amid projections of a multi-hundred-billion-dollar tokenized asset market, these assets promise to reshape global investing, though users should weigh risks like regulatory variances, market volatility, and platform-specific limitations before participating. Always conduct due diligence and invest responsibly.