Gate xStocks Launch Month: How on-chain stock trading is reconstructing the new ecosystem of global capital?

On July 3, 2025, the global leading encryption asset platform Gate officially launched the xStocks stock trading zone, covering both the Spot and contract markets. Users can directly trade tokenized stock assets through USDT, with the first batch supporting 8 popular underlying assets including COINX (Coinbase), NVDAX (NVIDIA), AAPLX (Apple), TSLAX (Tesla), etc.

Gate Alpha synchronously opens the xStocks trading function, launching strategy-based assets such as MSTRx (MicroStrategy) and SPYx (S&P 500 ETF), further expanding on-chain trading scenarios.

In just one month, this innovative product has sparked a wave of structural change at the intersection of global encryption and traditional finance with three main features: round-the-clock trading, zero fractional share thresholds, and on-chain cross-domain circulation.

##Breaking the Deadlock: The Core Breakthrough of Gate xStocks

xStocks is not a simple "stock on the chain", but a systematic financial engineering based on a compliance framework. All tokens adopt the RWA (Real World Asset tokenization) model, purchased by the Swiss company Backed Finance through Interactive Brokers, and deposited into a segregated account at Clearstream, the largest custodian in Europe.

Each token corresponds to fully collateralized publicly traded stocks, achieving atomic-level anchoring of on-chain rights and off-chain assets.

Gate has thus become the world's first platform to launch a tokenized stock contract market. Users can perform two-way operations with 1 - 10 times leverage, capturing stock volatility returns under the USDT pricing system.

This design bridges the gap between the encryption market and traditional stock derivatives, providing professional traders with a toolbox of strategies.

At the level of the matching engine and risk control system, Gate has deeply optimized for the characteristics of tokenized assets, achieving sub-second order response and cross-market liquidity sharing. The maturity of the technical architecture paves the way for large-scale capital entry.

Reconstruction Rules: Three Major Innovations of Boundaryless Trading

The century-old barriers of traditional finance have been broken down one by one under the innovative mechanism of xStocks.

• Time and Space Liberation: The trading time restrictions of the NYSE from 9:30 AM to 4:00 PM have been completely broken. Argentine users can trade Tesla in the early morning, and Tokyo investors can respond instantly to after-hours stock messages, achieving 24/7 capital scheduling.
• Fragmented stock democratization: Kenyan university students hold Apple shares with $1, while Indonesian miners purchase 0.01 shares of NVIDIA to hedge risks. The reduction of investment thresholds allows small capital from around the world to obtain tickets to participate in the Wall Street feast.
• On-chain interoperability: In the Solana ecosystem, users can combine NVDAx with SOL to form LP Tokens, or use Compound to collateralize TSLAx to borrow USDC. The asset isolation walls of traditional brokerages have been breached, and the fusion of multi-category liquidity has become the new normal.

When the Tesla Token TSLAx takes only 10 seconds from order placement to on-chain confirmation, the traditional T+2 settlement system pales in comparison to the efficiency of blockchain.

Ecological Expansion: Trading Scenarios and User Incentives

In the first month of launch, Gate accelerated ecosystem penetration through a multi-dimensional product layout:

Spot and contract trading run in parallel, covering users with different risk preferences. The Alpha Zone provides lower slippage and strategy execution optimization for high-frequency traders. The contract market supports multiple order types such as limit/market/take profit and stop loss, with dynamic leverage adjustment to balance risk and flexibility.

To ignite trading enthusiasm, Gate has launched the "xStocks Trading Competition". Users can receive up to 100 USDT for meeting daily trading volume targets, and an additional 200 USDT bonus for consecutive challenges. New users will receive a 100 USDT contract experience voucher and 10 GT Tokens on their first order, along with a multi-dimensional incentive network formed through recharge rebates and lottery activities.

Global Chessboard: Gate's Financial Connector Strategy

The launch of xStocks is a key move in Gate's strategy of "linking traditional and future finance" after the brand upgrade to Gate.com. Its goal is not only to add new trading categories but also to reshape the relationship between global users and assets.

The platform data shows that within three weeks of launch, the proportion of users from emerging markets has significantly increased. Southeast Asia, Latin America, and the Middle East have avoided fiat currency regulations through USDT, achieving on-chain penetration of sovereign currencies.

In terms of regulatory adaptation, xStocks uses a Swiss DLT license as a compliance basis and designs bond-type tokens to circumvent equity registration restrictions. Although it has not yet opened to US users, its sophisticated regulatory arbitrage structure reserves space for global expansion.

The latest news shows that Gate will appear as an official sponsor at the Tokyo WebX Summit on August 25 and will hold the first VIP side meeting in the Asia-Pacific region. This move marks the platform's acceleration of regional strategy by leveraging the compliant market in Japan.

##Future Outlook

Deloitte pointed out in the "2025 Global Tokenization Predictions" that blockchain is building a new bridge connecting traditional finance with digital natives. When Kenyan youth hold fractional shares of Apple with 1 USD and Argentine traders buy the dip of NVIDIA tokens during the NYSE's off hours, these fragmented financial behaviors are converging into a new paradigm of capital flow.

xStocks' first month is just the beginning - the $16 trillion tokenization asset market predicted by BlackRock is accelerating its realization in Gate's exploration.