xStocks and Robinhood RWA support on 0x

Last updated: July 2, 2026

What Are xStocks?

The Big Idea

xStocks are tokenized equities: blockchain-based tokens that give holders price exposure to real-world stocks and ETFs. Issued by Backed Finance (xStocks), each token represents 1:1 exposure to an underlying share held by a regulated custodian.

đź’ˇ Think of it as bringing US equities on-chain; so anyone with an internet connection can trade stocks like Apple, NVIDIA, Tesla, or Microsoft without needing a traditional brokerage account.

How They Work

xStocks tokens are ERC-20 tokens deployed across multiple blockchains including Ethereum, Solana, Arbitrum, etc. Examples of available xStocks include:

  • AAPLx — Apple xStock

  • NVDAx — NVIDIA xStock

  • TSLAx — Tesla xStock

  • MSFTx — Microsoft xStock

  • SPCXx — SpaceX xStock (the first tokenized IPO on xStocks)

A key differentiator: xStocks trade 24/7, including weekends (something traditional stock exchanges don't allow). This means users could trade SpaceX stock over a weekend before traditional venues even reopened on Monday.

Regulatory Structure

xStocks are regulated by the FMA (Liechtenstein Financial Market Authority) under the Liechtenstein Blockchain Act, and are issued by Backed Assets (JE) Limited, a Jersey Private Limited Company based in Jersey, Channel Islands. They are classified as Public Equity in RWA (Real World Asset) databases.

Important caveats:

  • xStocks provide price exposure only — not direct ownership of shares

  • They are not available to US persons, or in the UK, Canada, or Australia

  • Capital is at risk, and geographic restrictions apply

xStocks and 0x

0x integrated xStocks support into its API, making them accessible to hundreds of exchanges and millions of users. Key points about the integration:

  • xStocks are blocked by default on the 0x API

  • Integrators must explicitly opt in to enable xStocks trading

  • By opting in, integrators take on full compliance responsibility (e.g., geoblocking non-eligible regions)

  • 0x acts solely as a neutral software provider and makes no representations about the legality or regulatory status of xStocks tokens

xStocks are also tradable on Matcha (0x's consumer DEX aggregator) for non-US users.

Robinhood Chain RWA support

0x now supports Robinhood Chain from day one, across both 0x Swap API and the 0x Cross-Chain API. Robinhood Chain brings tokenized real-world assets on-chain — including Stock Tokens, stablecoins, and other digital assets — creating a new environment for on-chain financial applications.

What 0x supports on Robinhood Chain:

  • Swap API — same-chain swaps and RFQ-based liquidity for Stock Tokens on Robinhood Chain, with USDG as the primary token.

  • Cross-Chain API — moving assets into and out of Robinhood Chain across supported networks, so users can access Stock Tokens using funds from other chains without bridging manually.

The integration builds on a longstanding relationship: 0x has powered Robinhood Wallet's on-chain swap infrastructure since 2023, across major EVM networks.

Enabling Robinhood RWAs (opt-in required)

Like xStocks, Robinhood RWA tokens are blocked by default on the 0x API and must be explicitly enabled per integrator:

  • Integrators must opt in to enable Robinhood RWA trading

  • By opting in, the integrator takes on full compliance responsibility, including geofencing to restrict access in jurisdictions where these assets aren't permitted (for example, US persons)

  • 0x acts solely as a neutral software provider and makes no representations about the legality or regulatory status of these tokens

Robinhood RWAs are also tradable on Matcha (0x's consumer DEX aggregator) for eligible non-US users.

Why It Matters

Tokenized real-world assets have graduated from a narrative play to serious volume. On-chain RWAs have more than tripled over the past year to roughly $34B, and tokenized stocks are one of the fastest-growing RWA segments. Traditional institutions see the potential of bringing 24/7 settlement and on-chain composability to assets that have traded the same way for decades.

0x is positioned as a strong partner in the RWA space, working with xStocks ahead of competing aggregators. Over 30 teams have already opted in, including Coinbase, Robinhood, Trust Wallet, Kraken Wallet, OpenSea, Rabby and Mayan, with adoption ramping up as more integrators work through their compliance requirements.

How to enable xStocks and Robinhood RWAs

xStocks and Robinhood RWA assets are supported on 0x on an opt-in basis. To enable them, email william@0xproject.com with the subject line "xStocks Opt-in" (or "Robinhood RWA Opt-in"). We'll follow up with the required compliance disclosures and opt-in instructions, and enable the assets for your account once confirmed.

___

Disclaimer: Stock Tokens are not available in the United States or to U.S. persons. Certain geo-restrictions may apply. Furthermore, tokenized securities are issued by a separate third-party, and ZeroEx is not a broker, dealer, exchange, or a registered financial institution. Any content or information presented or otherwise made available to you is on an “as is” basis and for general informational and educational purposes only, without representation or warranty of any kind. This publication is not: (a) an offer, or solicitation for an offer, to buy or sell, any interest or shares, or to participate in any investment or trading strategy; (b) intended to provide investment, financial, legal, or other professional advice; or (c) an official statement by ZeroEx or any of our affiliates. Please refer to our Terms of Service for more information.