Understand xStocks in one article: A zero-threshold on-chain stock investment guide

In the wave of accelerated integration between TradFi and Crypto Assets, xStocks, as a revolutionary tokenization stock product, is leading the transformation of investment methods. It allows global investors to break through geographical, temporal, and financial barriers to trade stocks directly with Crypto Assets. This article takes Gate exchange's CRCLX as an example to elaborate on the operational mechanism and practical paths of xStocks.

##What is xStocks?

xStocks is a tokenization stock solution launched by the Swiss compliant platform Backed Finance, which converts real fully collateralized listed company shares at a 1:1 ratio into digital assets that can be freely traded on the blockchain. Each token corresponds to the shares (or ETF) of a specific company, for example:

• AAPLX represents Apple Inc.
• TSLAX represents Tesla.
• CRCLX represents Circle (the well-known stablecoin USDC issuer)
• NVDAX represents NVIDIA.

These tokens are issued on public chains such as Solana (SPL) and Ethereum (ERC-20), with the underlying stocks held by licensed custodians (such as Swiss banks), and undergo regular independent audits to ensure reserve transparency. Essentially, xStocks is a compliant integration of traditional equity and blockchain technology.

##What is CRCLX? Why is it worth paying attention to?

CRCLX is a tokenization certificate of the stock of Circle Internet Financial, tracking the company's stock price performance on Nasdaq. As the core issuer of the stablecoin USDC, Circle plays a key role in the crypto financial infrastructure, with its stock price performance closely tied to the prosperity of the crypto industry. Holding CRCLX is equivalent to gaining price exposure to Circle's stock (Note: no voting rights or dividend rights).

Starting from July 2025, CRCLX has been launched on Gate, becoming one of the top assets in terms of trading activity within the xStocks ecosystem.

##Step-by-Step Guide: Purchase CRCLX in Gate xStocks Zone

Gate will launch the xStocks section on July 3, 2025, becoming the world's first platform to support both tokenization of stock spot and contract trading. Here are the specific steps to purchase CRCLX:

Registration and Account Preparation

• Visit Gate.com (non-restricted areas such as the US/Canada)
• Prepare USDT (used to purchase CRCLX's base currency)

recharge USDT

• Go to [Assets] → [Spot] Account
• Select USDT to obtain the deposit address (supports multi-chain deposits)
• Deposit sufficient USDT into your Gate account

Find trading pairs

• Click on the top 【Exchange】 → Select 【Spot】 or 【Alpha Spot Area】
• Enter CRCLX/USDT in the search box (or visit the xStocks section directly)

Place order to purchase ###

• Market Order: Execute immediately at the current best price
• Limit Order: Set an ideal purchase price and wait for market fluctuations to trigger.
• Enter the purchase quantity (fractional trading supported, minimum of 10 dollars)
• Confirm the order and complete the transaction

Manage Assets

• Position view: The [Assets] page displays the CRCLX balance and floating profit and loss.

Advanced feature prompt: Gate offers CRCLX perpetual contracts (with a maximum leverage of 10 times), supporting both long and short positions, suitable for professional traders.

Why Choose Gate Exchange for xStocks? Core Advantages Analysis

Borderless investment experience

• No need for a stock broker account, buy global stocks with USDT in one click.
• Open to non-US users (China, Southeast Asia, Latin America, etc.)

innovation in trading mechanisms

• 24/7 Trading: Breaking the time constraints of traditional stock markets 9:30 – 16:00
• On-chain free transfer: Tokens can be transferred into DeFi protocols for staking, lending, and other scenarios.
• Extremely low threshold: Fractional share investing starts at 10 dollars.

Product depth leads the way

• The world's first to launch xStocks contract trading (including CRCLX perpetual contracts)
• Alpha Zone provides institutional-level liquidity with lower slippage.

transparent compliance guarantee

• All tokens are issued with 1:1 collateralization of physical stocks by Backed Finance.
• The custodian is a Swiss licensed bank (e.g., InCore Bank)

##Risk Warning and Precautions

Despite the convenience that xStocks brings, investors need to be aware of the following risks:

• No shareholder rights: Holding CRCLX does not grant voting rights or cash dividends, only captures price fluctuations.
• Liquidity risk: Some tokens have limited trading depth and may face higher price spreads.
• Regulatory differences: Services are not provided to countries like the US and Canada, and policy changes may affect access.
• Technical risks: potential threats such as exchange hacking, on-chain transfer errors, etc.

##Conclusion: xStocks Opens the Future of On-Chain Tokenization

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 realize tokenized stocks such as CRCLX:

• Include stocks in the Crypto Assets portfolio to hedge against industry volatility risk.
• Invest small amounts to benefit from the growth dividends of core companies in the Circle and other sectors.
• 7×24 hours flexible trading, seize major events market after hours

With the popularity of high-performance chains like Solana and the clarification of regulatory frameworks, xStocks is expected to become a core channel connecting TradFi and DeFi. In the future, more stocks, bonds, and even private equity may land on-chain in this form, ultimately achieving a seamless experience of "one wallet, invest globally."