Interview | Bitrue CMO explains tokenized stock rollout and future asset plans
2025-07-11 13:27:41
Main Idea
Bitrue's xStocks platform offers tokenized U.S. equities for 24/7 trading, backed 1:1 by real stocks and verified via Chainlink, with plans to expand based on user demand.
Key Points
1. Bitrue's xStocks platform enables 24/7 trading of tokenized U.S. stocks like Apple, Tesla, and NVIDIA, even outside traditional market hours.
2. The initial batch includes six assets: Apple, Tesla, NVIDIA, MicroStrategy, Circle, and an S&P 500 ETF, with more stocks likely to be added soon.
3. Each token is backed 1:1 by the underlying stock, verified through Chainlink’s Proof of Reserve for transparency.
4. Price discovery during off-hours relies on market makers, though liquidity may be lower compared to regular trading hours.
5. Tokenized stocks offer advantages like 24/7 trading access, fractional ownership, and faster transactions, but do not grant ownership rights or conversion to underlying stocks.
6. Bitrue plans to expand offerings based on user feedback, with potential additions including Meta, Alphabet, and Amazon.
Description
In an interview with crypto.news, Bitrue’s Chief Marketing Officer Adam O’Neill shared insights into the launch of its new xStocks platform, which brings tokenized U.S. equities to the blockchain and allows 24/7 trading of major stocks like Apple, Tesla, and NVIDIA. Bitrue’s xStocks offering gives crypto users access to tokenized versions of traditional equities, enabling fractional ownership, faster settlement, and round-the-clock trading, even outside of U.S. market hours. The platform’s first...
Latest News
- Bitcoin’s breakout isn’t about the Fed, it’s about market structure: analysts2025-07-11 20:49:26
- DDC announces $100m Bitcoin treasury partnership with Animoca Brands2025-07-11 19:38:50
- Trump crypto holdings edge higher as WLFI pushes for open trading2025-07-11 19:15:19
- ‘Tokenized securities are still securities’: Does Hester Peirce’s statement help to advance the stocks’ tokenization trend?2025-07-11 19:14:41
- Dogecoin turns bullish: will $0.15 breakout fuel run to $0.32?2025-07-11 18:59:18