Where can I trade TSLAX?

TSLAX primarily trades on Kraken xStocks, tracking the price of TSLA (Tesla, Inc.).

Ticker

TSLAX · Tesla, Inc.

Q: What do I own when I buy TSLAX?

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

A tokenized form of TSLA (Tesla, Inc.) traded on Kraken xStocks.

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

What TSLAX is

TSLAX is a tokenized Tesla share issued by Backed Finance and traded on Kraken's xStocks (Bybit also lists it). Each token is backed 1:1 by a real TSLA share held in custody, so it tracks Tesla's price 24/7 on-chain. You own the token and a claim on the underlying — not Tesla equity on the share register, and without traditional voting or dividend rights.

FAQ

Stocks on Crypto Research· Editorial team

Our research team tracks how crypto exchanges list equities and what each product legally represents — real shares, tokenized stocks, CFDs and tokenized RWAs. We test platforms and read the fine print so you know exactly what you own.

Last reviewed on June 30, 2026

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