Cryptocurrency exchange Bitrue has announced the launch of trading for tokenized stocks issued by Backed Finance, now available on its platform through xStocks.
With this addition, Bitrue users can gain exposure to major global tech companies such as NVIDIA, Tesla, Apple, and others through tokenized stock offerings, allowing them to invest in the performance of these firms directly from the exchange.
Bitrue’s initial offering of tokenized stocks includes:
- NVDAX (NVIDIA Corp.)
- CRCLX (Circle Internet Group Inc.)
- AAPLX (Apple Inc.)
- TSLAX (Tesla Inc.)
- SPYX (SPDR S&P 500 ETF Trust)
- MSTRX (MicroStrategy Inc.)
These tokenized stocks, issued by Backed Finance, are available for trading around the clock, regardless of US market hours, and can be accessed globally without the need for a secondary broker account.
Users can buy and sell directly using USDT, avoiding traditional broker fees, with transactions completed within seconds.
Operating on blockchain infrastructure, the tokenized stocks are backed by real-world assets, offering transparency and verifiable ownership, while enhancing convenience for investors seeking exposure to major equities.
The tokenized stocks are initially available through Bitrue Alpha, a recently launched feature designed to list trending tokens early, giving users the opportunity to trade them ahead of a potential full spot exchange listing.
Tokens that gain traction on Bitrue Alpha may be promoted to the main exchange.
The first set of six tokenized stocks is now live for trading on the Bitrue app, with additional listings to follow at regular intervals.
Issued by Backed Finance, xStocks are blockchain-based tokens that track the value of traditional equity portfolios.
These instruments do not confer ownership rights, dividends, or shareholder privileges.
They are not registered securities and are unavailable to users in the US, UK, EU, and other restricted jurisdictions.
The platform advises users to conduct their own research and understand the associated risks before investing.
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