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The honest directory of stocks on crypto rails

Trading stocks on crypto exchanges, explained.

A plain-English directory and explainer hub for trading stocks on crypto exchanges. We tell you exactly what you own on each platform — a real share, a tokenized stock, a CFD, or a tokenized real-world asset. No hype — just a clear answer to the one question that matters before you deposit: when you “buy a stock” here, what do you actually own?

Start here: what you really ownBrowse exchanges

7

platforms reviewed

each tagged by what you own

5

ownership structures

real share to perp, explained

260+

tokenized US stocks & ETFs

via Ondo Global Markets alone

24/7

market hours on-chain

xStocks & equity perps

The taxonomy

Five ways to “own” a stock on a crypto platform

They are not the same. Each carries different rights, risks and tax treatment.

Real share

You own the actual underlying equity (or a regulated fractional interest in it), typically with shareholder rights.

Tokenized stock

A blockchain token that represents a share held by a custodian. You own the token/certificate, not the share directly.

RWA

A tokenized real-world asset issued by a regulated entity, redeemable for value backed by the underlying security.

CFD

A contract for difference — a leveraged bet on the price. You own no share and have no shareholder rights.

Perp

A perpetual future tracking the stock's price. A derivative with no expiry, funding fees and leverage — not ownership.

Popular tickers

The tokenized stocks people actually trade

Deep guides per ticker: issuer, backing, dividends, DeFi use and the risks nobody prints on the buy button.

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TSLAXTesla, Inc.Tokenized stockKraken xStocks
NVDAXNVIDIA CorporationTokenized stockKraken xStocks
AAPLXApple Inc.Tokenized stockKraken xStocks
COINXCoinbase Global, Inc.Tokenized stockKraken xStocks
SPYXSPDR S&P 500 ETF TrustTokenized stockKraken xStocks

Platform hubs

Every major venue, honestly reviewed

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Binance bStocksTokenized stockBinance bStocks are tokenized stocks: each token tracks a real US share and is backed 1:1, but you own the token — not the share. Launched 12 June 2026, issued as BEP-20 certificates under ADGM regulation; corporate actions are reflected in the token.
Binance StocksReal shareBinance Stocks (launched June 2026) offers real US equities for non-US users through broker-dealer Nest Trading with Alpaca handling clearing. You get actual share ownership and dividends — distinct from Binance's tokenized bStocks.
Bybit TradFiCFDBybit TradFi offers CFDs and perpetual contracts on stocks and indices via MT5 (powered by Infra Capital, Mauritius FSC), with leverage up to 500x. You do not own the underlying — only price exposure. Not available in the EEA, US and some other regions.
Kraken xStocksTokenized stockxStocks are tokenized stocks issued by Backed Finance (Switzerland), backed 1:1 and tradeable on-chain. Kraken is the market leader by volume (Bybit also lists xStocks). You hold the token rather than the equity itself.
HyperliquidPerpHyperliquid is an on-chain perpetuals DEX. Equity exposure comes via on-chain equity perps built on its HIP-3 framework — e.g. builder trade.xyz lists 24/7 perps on Tesla, Apple, Nvidia and Amazon plus a Nasdaq index. Leveraged derivatives, no ownership.
CoinbaseTokenized stockCoinbase has announced tokenized stocks for non-US users, expected to launch around August 2026. The product is not live yet; details on backing and custody are still being confirmed.
Ondo Global MarketsRWAOndo Global Markets is an RWA issuer offering 260+ tokenized US stocks and ETFs across Solana, Ethereum and BNB Chain. Tokens track total return including dividends; Ondo is the largest tokenized-equity issuer by TVL.

Start with the explainers

Real Shares vs Tokenized Stocks vs CFDsThe difference between owning a real share, a tokenized stock, and a CFD — and why it changes your rights, risks and taxes.
What Are bStocks? Binance's Tokenized Stocks ExplainedbStocks are Binance's tokenized stocks: each token tracks a real share 1:1, but you don't own the share. What you get, what you don't, and how they differ.
What Is Ondo Finance? The RWA Issuer ExplainedOndo Finance is the company that issues tokenized assets — not an exchange. Its two product lines, who backs it, the ONDO token, and what you actually own.
Are Tokenized Stocks Legal?Tokenized stocks are legal but regulated in most major markets. The honest answer depends on where you live and which product — here's the 2026 picture.

One question before you deposit anywhere

Real share, tokenized stock, RWA, CFD or perp — the label on the product decides your rights, your risks and your taxes. Learn to tell them apart in five minutes.

Read the ownership guide