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- 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win. - 📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
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Tari is a Rust-based blockchain protocol centered around digital assets.
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🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Gate xStocks Innovation in Finance: How to Achieve 24/7 encryption Trading of Tokenized US Stocks?
On July 3, 2025, the world's leading crypto assets exchange Gate officially launched the revolutionary xStocks trading zone, achieving a new investment model that allows direct trading of tokenized stocks through the crypto asset USDT for the first time.
In just four weeks, the platform's cumulative trading volume has exceeded 300 million USD, becoming a benchmark product for the fusion of traditional finance and the Crypto Assets world (data updated as of July 24, 2025).
##What is Gate xStocks?
Gate xStocks is a specialized trading section launched by Gate exchange that converts real stocks into tokens on the blockchain, enabling global investors to trade 24/7 using Crypto Assets such as USDT.
Each token is fully backed 1:1 by actual stocks held by regulated institutions, ensuring asset transparency and value anchoring.
For example:
Users do not need a traditional brokerage account, do not need to deal with fiat currency exchange, and can participate in the stock market simply by having a Gate account and USDT.
##Core Features: Breaking Traditional Market Barriers
24/7 trading and fractional investment
Unlike the fixed trading hours of traditional stock markets, xStocks enables 24/7 uninterrupted trading, allowing investors to respond to market dynamics at any time, even on weekends or holidays. The system supports fractional share trading, allowing users to purchase 0.001 tokens, making high-priced stocks like Google (around 3000 USD) accessible to small investors.
dual market of spot and contracts
xStocks provides two major trading tools:
This design makes Gate the world's first platform to launch a tokenized stock futures market, filling a critical gap between traditional finance and Crypto Assets.
global borderless access
xStocks eliminates the geographical limitations of traditional stock investments. No matter where they are, users can invest in stocks through their Gate account without the need for a local bank account or complex cross-border procedures. This "borderless trading" mechanism significantly lowers the participation threshold in the global market, providing a new gateway to Wall Street, especially for emerging market investors.
##Technical Architecture and Operational Mechanism
asset tokenization model
xStocks is supported by Backed Finance, a Swiss fintech company that operates under the Swiss DLT regulatory framework. Its operating model consists of three key layers:
on-chain transparency
All xStocks Token transactions and transfers are conducted on-chain, and users can verify transaction records and token supply through the blockchain explorer. Backed Finance uses a public reserve proof system to ensure that each token is backed by sufficient stock reserves, significantly reducing trust costs.
multi-platform access
Users can participate in various ways:
##Market Performance and Adoption Situation
Since its launch in early July, xStocks has quickly gained market recognition:
This data indicates that there is a real demand in the market for compliant tokenization stock products, and the trend of on-chain migration of traditional financial assets is accelerating.
##Disputes and Challenges
Despite significant innovation, xStocks still faces multiple doubts:
shareholder rights missing
Critics point out that holding tokenized stocks does not grant voting rights or direct ownership in the company, similar to contracts for difference (CFDs) in the European market. FreedX CEO Anton Golub stated, "What you are buying is not Tesla stock, but a token that tracks the price of Tesla."
liquidity risk
The analysis agency Parsec Finance warns that there may be larger price gaps during weekends when traditional stock markets are closed, due to reduced activity from major market makers. This could lead to higher slippage risks for retail investors during non-trading hours.
regulatory gray area
Although Backed Finance operates under the Swiss regulatory framework, the compliance of cross-border services remains unclear, especially regarding the applicable boundaries of U.S. securities law. Policy differences across different jurisdictions may affect the long-term stability of the product.
##Future Outlook: A New Era of Financial Integration
Gate founder and CEO Dr. Han pointed out: "Our mission is not just to add a new asset class, but to transform the relationship between users and assets. We aim to create a truly global, borderless investment platform."
As the tokenization wave of RWA (real world assets) accelerates, xStocks may expand into a broader range of asset classes:
Gate has completed its brand upgrade, unifying the domain name Gate.com. Its spot trading volume ranks second globally, and its strategic positioning has surpassed traditional crypto exchanges, becoming a core hub connecting traditional finance and the crypto ecosystem.
The emergence of xStocks marks a transition in stock investment from the traditional model of "weekdays exclusive, whole shares only, fiat currency settlement" to a new paradigm of digital finance characterized by "24/7 trading, fractional holdings, and crypto settlement." With the milestone of $300 million in trading volume achieved, this new channel connecting Wall Street and blockchain is rewriting the operational rules of the global capital markets.