This page may contain stale information. Last updated: 2026-06-07
Definition
xStocks is Payward Services’ regulated, blockchain-agnostic tokenized equities framework enabling crypto exchanges to offer IPO access, equity holding, and 24/7 trading of tokenized stock representations backed 1:1 by real shares in broker-dealer custody.
Key Points
- IPO Access program: Eligible users subscribe at offering price; receive tokenized equity (e.g., SPCXx for SpaceX) on listing day
- Alliance members: kraken, bybit, and other participating platforms share interoperability
- 24/7 trading: Continuous access including weekends when traditional brokerages are closed
- Compliance: Institutional-grade custody; not purely synthetic price exposure — backed by underlying equity
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Geographic restrictions apply (US, UK, CA, AU excluded on major platforms); regulatory treatment varies by jurisdiction