In July 2025, multiple mainstream exchanges worldwide will launch the xStocks trading zone, allowing investors to directly purchase tokenized stocks of major companies like Google and Tesla using USDT, completely freeing them from the time and geographical restrictions of traditional stock market trading.
As of August 2025, the daily trading volume of xStocks has surpassed 100 million USD, with CRCLX, representing stocks of Circle, becoming one of the most active tokenized stock assets due to its strong correlation with the crypto industry.
xStocks What is it? When Stocks Meet Blockchain
xStocks is a tokenized stock solution launched by the Swiss compliant platform Backed Finance, which transforms stocks of companies listed on the NYSE and NASDAQ into digital assets on the blockchain (e.g., AAPLx corresponds to Apple, TSLAx corresponds to Tesla), achieving the integration of traditional finance and the crypto ecosystem.
Its core mechanism is built on three main pillars:
- 1:1 Physical Asset Collateral: For every token issued (such as CRCLx), the partner will purchase equivalent stocks in the traditional market and deposit them into a custody account at a Swiss licensed bank (such as InCore Bank), and will regularly undergo on-chain audits.
- Fragmented investment: Supports small purchases starting from a minimum of 10 dollars, significantly lowering the threshold for investing in blue-chip stocks.
- 24/7 Trading: Break the time constraints of traditional stock markets from 9:30 AM - 4:00 PM EST.24⁄7Trading, responding to major market trends at any time.
xStocks token is based on ERC-20 and Solana SPL dual-standard issuance allows users to freely store and transfer in cryptocurrency wallets, trade on exchanges like Gate, or even engage in staking and lending scenarios through DeFi protocols.
CRCLX Behind the Company: Who is Circle?
CRCLX is a tokenized certificate of Circle Internet Financial (NYSE: CRCL) stock, closely tracking its stock price performance on Nasdaq. The core reasons to pay attention to this company are:
- Stablecoin Dominance: As the core issuer of USDC, Circle is a key player in the crypto financial infrastructure. As of August 2025, the circulation of USDC reached $65.2 billion, a 90% increase over the year.
- Industry benchmark: Circle’s stock price is closely related to the prosperity of the cryptocurrency industry, holding CRCLX is equivalent to gaining "exponential exposure" to the crypto ecosystem.
- Strong Growth: The Q2 2025 financial report shows revenue of $658 million (surpassing expectations). Despite a net loss of $482 million due to IPO costs, the stock price has risen over 450% since its listing in June 2025.
On August 18, 2025, the trading price of CRCLX on Gate was approximately $149.64, with a 24-hour trading volume exceeding $510,000.
Practical Guide: 4 Steps to Purchase CRCLX on Gate
Gate will launch the world’s first tokenized stock spot and contract dual market on July 3, 2025, becoming the preferred platform for operating xStocks. Below are the specific steps to purchase CRCLX:
Step 1: Preliminary Preparation
- Visit Gate.com to complete account registration
- Deposit USDT into your Gate 【Spot Account】 (multi-chain deposits supported) as the base currency for purchase
Step 2: Enter the Trading Area
After logging in, click on 【Trading】 at the top → Select 【xStocks Spot Area】 or 【Alpha Spot Area】
Step 3: Search and Place Order
- Enter the CRCLX/USDT trading pair in the search box
- Choose the order type:
- Market Order: Execute instantly at the best price
- Limit Order: Set your ideal purchase price (e.g., $160) and wait for it to trigger
- Enter the purchase quantity (supports fractional shares, minimum $10)
Step 4: Confirm and Manage Assets
- After the transaction is completed, check the CRCLX balance and floating profit and loss on the 【Assets】 page.
- Optional action: Move CRCLX to a supported wallet to participate in DeFi applications.
Advanced Feature Tip: In the Gate xStocks futures market, a maximum leverage of 10x can be used to long/short CRCLX, suitable for professional traders.
Why Choose Gate for Trading xStocks? Four Core Advantages
Borderless Experience: Buy global stocks with USDT in one click without a US stock broker account.
Innovation in trading mechanisms
24⁄724/7 Trading
On-chain second-level settlement (traditional finance requires T+2 days)
Cross-chain free transfer.
Product depth is leading
The world’s first xStocks perpetual contract market
The Alpha Zone provides institutional-level liquidity with slippage below 0.1%.
- Transparent compliance guarantee: All tokens are issued backed by physical stocks at a 1:1 ratio, with the custodian being a licensed bank in Switzerland.
Risk Warning: Be Aware of the Three Major Challenges
Equity differences: Holding CRCLX does not grant shareholder voting rights, and dividends are indirectly reflected through token value adjustments (no cash dividends).
Regulatory uncertainty: The SEC has not yet recognized the legality of tokenized stocks, and policies in Switzerland and Singapore are still evolving.
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 trading volume is concentrated in the top 6 targets).
Conclusion: On-chain Entry for Financial Democratization
xStocks is not only a new product but also a key attempt to reconstruct the global asset flow paradigm. Through platforms like Gate, users can achieve three major values with CRCLX:
Hedging Crypto Volatility: Incorporating Stocks into a Crypto Asset Portfolio
Layout growth dividends: small capital investment in core enterprises like Circle in the track.
Capture opportunities around the clock: 7×24 hours of flexible trading to seize significant after-hours market movements.
As the average daily trading volume surpasses 100 million USD, xStocks is driving the evolution of crypto finance from "fringe experimentation" to "institutional integration." In the future, when more traditional assets are tokenized and brought on-chain, the seamless experience of "one wallet, investing globally" will become the standard configuration for a new generation of investors.
