Trade the Tokenized Nasdaq-100 (QQQ) on Solana
QQQx is a tokenized Nasdaq-100 ETF issued by Backed Finance (xStocks) as a Token-2022 asset on Solana. When enabled, it appears as a QQQ/USDC spot market on Strata.
How QQQ trades on Strata
Every Strata market is powered by Sonar, Strata's unified liquidity and matching system. You see one market view and one clear economic result, including expected output, fees, price impact, limits, and expiry where applicable. Trading remains self-custodial on Solana.
QQQ at a glance
- ▸Underlying: Nasdaq-100 ETF (QQQ)
- ▸Token: QQQx, Token-2022 on Solana
- ▸Issuer: Backed Finance (xStocks)
- ▸Market: QQQ/USDC spot
Tokenized RWA — you're trading an issuer-collateralized token, not the underlying security directly. Issuer: Backed Finance (xStocks).
QQQ — frequently asked
How do I trade QQQ on Solana?
Connect a Solana wallet on Strata, fund it with USDC, and trade the QQQ / USDC market. Execution takes one signature and is fully self-custodial — your assets move only at the moment the trade fills, with no pop-ups.
Is trading QQQ on Strata self-custodial?
Yes. Strata is a non-custodial on-chain order book on Solana. You keep custody of your funds and sign a single transaction to trade — nothing is parked with a third party, and there are no wallet pop-ups per action.
Who issues QQQ and what backs it?
QQQ is issued by Backed Finance (xStocks) as a Token-2022 asset on Solana, price-aligned to Nasdaq-100 (QQQ) and redeemable through the issuer's rails. You're trading an issuer-collateralized token, not the underlying security directly.
Can I trade QQQ 24/7?
Tokenized assets can be available outside traditional market hours. Check the Strata terminal for the current availability and trading status of QQQ.