Status by feature
Status as of October 2026.
| Tokenized stocks and ETFsOutside restricted jurisdictions | Most regions |
|---|---|
| US personsExcluded by the issuer | Not available |
| UK retail investorsExcluded by the issuer | Not available |
Tokenized stocks
Tokenized stocks in Sparkling, US shares and ETFs around the clock
For most people outside the US, owning Apple or the S&P 500 means a foreign brokerage account, a currency conversion and market hours that fall in the middle of the night. Tokenized stocks move that exposure on-chain: buy with USDC, trade at any hour, hold in your own wallet.
How do tokenized stocks work?
The tokens in Sparkling are xStocks, issued by Backed. When tokens are created, the matching shares are bought and held by a regulated custodian; when tokens are redeemed, shares are sold. Dividends on the underlying are typically reinvested, so they show up in the token’s price, and corporate actions such as splits are mirrored on-chain.
| Token | Tracks |
|---|---|
| AAPLx | Apple |
| NVDAx | Nvidia |
| TSLAx | Tesla |
| SPYx | S&P 500 ETF |
| QQQx | Nasdaq 100 ETF |
| GLDx | Gold ETF |
Are tokenized stocks backed by real shares?
xStocks are designed to be backed one to one by the underlying shares, held by a FINMA-licensed Swiss bank acting as custodian. Holders have a claim on the issuer, not shareholder status: there are no voting rights, and the token depends on the issuer and custodian meeting their obligations.
Are tokenized stocks legal?
Backed issues under a Swiss prospectus regime and a base prospectus approved by Liechtenstein’s FMA. The offer excludes US persons and some other groups, such as UK retail investors, and local rules on buying foreign securities still apply to you.
How to buy tokenized stocks in Sparkling
A couple of minutes with USDC in your account.
- ≈ 2 min
- 4 steps
- Telegram or web
-
Have USDC ready
Tokenized stocks are bought with USDC on Solana, Ethereum or TON.
30 sec
-
Name the stock
For example “buy 100 dollars of the S&P 500” or “buy 20 dollars of Apple”.
30 sec
-
Check the card
You see the token, the amount, the price and fees.
30 sec
-
Confirm
The tokens arrive in your wallet; sell back to USDC whenever you choose.
30 sec
Where can you trade tokenized stocks?
xStocks trade on several exchanges and on-chain venues. The difference in Sparkling is that they sit in your self-custody wallet next to your crypto and your dollar balance in stablecoins, and you can move between them with one request.
Where tokenized stocks are available
Availability varies by jurisdiction and follows the issuer's offer restrictions.
Risks of tokenized stocks
Stock prices fall as well as rise, outside US market hours on-chain prices can drift from the last close, and you rely on the issuer and custodian. Sparkling AI agent prepares the purchase and shows its cost; this is not investment advice.
Tokenized stock questions
How do I buy tokenized stocks?
Hold USDC in Sparkling, name the stock and amount, and confirm.
Do I get dividends?
Dividends are typically reinvested by the issuer and reflected in the token price.
Do I get voting rights?
No. The token gives economic exposure, not shareholder rights.
Can I trade on weekends?
Yes. Tokens trade 24/7, though prices can move when US markets reopen.
Can US residents buy them?
No. US persons are excluded by the issuer.
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