What are tokenized stocks on Solana?
Tokenized stocks bring traditional equities on-chain: they're tokens, issued by a regulated party and price-aligned to a real stock, ETF or commodity, that you can hold in a self-custodial Solana wallet and trade around the clock. On Strata you can trade tokenized NVIDIA, the S&P 500, the Nasdaq-100, gold and even pre-IPO SpaceX.
How a tokenized stock works
An issuer holds the underlying security (or an equivalent claim) and mints a token — for example NVDAx for NVIDIA or SPYx for the S&P 500 — as a Token-2022 asset on Solana. The token is price-aligned to the underlying and redeemable through the issuer's rails. You're trading the issuer-collateralized token, not the underlying security directly.
On Strata, issuers include Backed Finance (xStocks) for the equity and ETF markets, and Backpack Securities + Sunrise for tokenized SpaceX.
Why trade them on-chain
Tokenized equities trade 24/7 — not just during market hours — and settle on-chain in seconds, with no brokerage account and no custodian holding your assets. That opens up pre-IPO names like SpaceX and after-hours access to majors like NVIDIA to anyone with a Solana wallet.
Trading tokenized stocks on Strata
When a tokenized-stock market is enabled, Strata presents it through the same Sonar-powered spot experience as other markets. Check the terminal for current availability and review the trade economics before confirming.
What to keep in mind
Tokenized equities carry issuer and collateral risk — the token's value depends on the issuer honoring redemption. Always check the issuer and its redemption terms before trading, and treat the token as a claim on the underlying rather than the security itself.