How to Trade Tokenized U.S. Stocks Onchain: Platforms, Fees, and 24/7 Access Compared
Trading U. S. stocks used to mean waiting for Wall Street to open, dealing with minimum lot sizes, and navigating a maze of intermediaries. Today, the blockchain is rewriting this script. Tokenized U. S. stocks: digital representations of real equities, now offer investors the ability to trade blue-chip shares 24/7, with fractional ownership and direct settlement on-chain. But as this new market matures, choosing the right platform is essential. Let’s dive into how to trade tokenized U. S. stocks onchain, comparing the top platforms, their unique features, and how fees and access stack up in 2025.

Why Tokenized U. S. Stocks? The Value of 24/7 Onchain Access
The appeal of onchain stock trading platforms lies in their promise of accessibility and flexibility. With tokenized equities, you can:
- Trade outside of traditional market hours, sometimes 24/7
- Buy fractional shares of high-priced stocks like Nvidia or Microsoft
- Access global liquidity pools without traditional brokers
- Settle trades instantly on Ethereum, Solana, or other blockchains
But not all platforms are created equal. Some focus on regulatory compliance, others on deep DeFi integration, and each offers its own approach to fees, supported assets, and user experience.
The Top 10 Platforms for Trading Tokenized U. S. Stocks Onchain (2024,2025)
Below is a detailed comparison of the most prominent platforms enabling onchain trading of U. S. stocks and ETFs. Each stands out for its approach to compliance, technology, and investor access.
Comparison of Top Platforms for Trading Tokenized U.S. Stocks Onchain (2024–2025)
| Platform | Supported Assets | Trading Hours | Supported Blockchains | Fees | Unique Features |
|---|---|---|---|---|---|
| Ondo Finance | Tokenized U.S. Treasuries, select stocks (expanding) | 24/7 | Ethereum, Solana | Varies by asset, typically low | Institutional-grade compliance, focus on real-world assets |
| Synthetix | Synthetic U.S. stocks and indices | 24/7 | Ethereum, Optimism | Trading fees vary (e.g., 0.3%) | Decentralized derivatives, permissionless trading |
| Polymath | Tokenized equities, securities | Market hours (varies) | Polymesh, Ethereum | Custom per issuer | Regulatory compliance tools, security token focus |
| Securitize Markets | Tokenized stocks, funds, private assets | Market hours (varies) | Ethereum, Algorand, Avalanche | Issuer and trading fees apply | Licensed broker-dealer, investor onboarding |
| Altify | Tokenized U.S. stocks (e.g., Tesla, Nvidia, Microsoft) | 24/7 | Ethereum, Polygon | Low trading fees (varies) | Fractional ownership, 24/7 access |
| Backed Finance | Tokenized stocks, ETFs, bonds | 24/7 | Ethereum, Polygon | Management & transaction fees (varies) | Compliant Swiss structure, supports xStocks for partners |
| Bitget Onchain Stocks | 50+ tokenized U.S. stocks & ETFs | 24/7 | Solana, Base, BNB Smart Chain | 0.5% per transaction + gas fees | Fractional shares, crypto-native payments |
| Bybit xStocks | 78 tokenized U.S. stocks (CFDs) | 24/7 | Ethereum (via Backed Finance) | 0.04 USDT/share, min 5 USDT trade | Leverage up to 5x, CFDs not spot |
| Kraken xStocks | 60+ tokenized U.S. stocks & ETFs | 24/5 | Ethereum (via Backed Finance) | Zero trading commissions | Commission-free, not available to U.S. users |
| Matrixdock | Tokenized U.S. stocks, treasuries | 24/7 | Ethereum, other EVM chains | Low fees (varies) | Institutional focus, real-world asset bridge |
Platform Deep Dive: Features, Fees, and Access
Ondo Finance has emerged as a leader in bridging traditional securities with DeFi infrastructure. While known for tokenized treasuries and funds, Ondo’s roadmap includes expanding into tokenized equities, offering institutional-grade compliance and real-world asset backing for onchain traders.
Synthetix brings a DeFi-native approach with synthetic stocks (sX assets) that track U. S. equities’ price action. These can be traded 24/7 on decentralized exchanges like Kwenta, with no centralized custody, though users should be aware they’re holding derivatives rather than underlying shares.
Polymath and Securitize Markets are pioneers in compliant asset tokenization. Both platforms focus on regulatory-grade issuance and secondary trading of tokenized equities and funds, making them popular with institutions and startups seeking to tokenize real shares for global investors.
Altify stands out for its user-friendly interface and true 24/7 trading of tokenized U. S. stocks. Investors can buy fractional shares of Tesla, Microsoft, and more, directly from their crypto wallets, often with lower minimums than traditional brokers.
Backed Finance is a Switzerland-based provider powering tokenized stocks on platforms like Kraken xStocks and Bybit xStocks. Their compliance-first approach means each token is backed 1: 1 with real shares held by regulated custodians.
Bitget Onchain Stocks offers tokenized equities across Solana, Base, and BNB Smart Chain, supporting over 50 U. S. stocks with 24/7 trading and transparent fees (0.5% per transaction plus minimal gas costs). Fractional ownership and crypto-native payments make Bitget a favorite among global retail traders.
Bybit xStocks and Kraken xStocks have both partnered with Backed Finance to launch tokenized U. S. stocks as xStocks products. These platforms offer dozens of top equities as tokens or CFDs (contracts for difference), with Bybit allowing up to 5x leverage and Kraken focusing on commission-free trading (though with geographic restrictions).
Matrixdock rounds out the list as an emerging venue for tokenized real-world assets, including U. S. equities. Their focus is on seamless DeFi integration and multi-chain support.
Key Considerations: Fees, Liquidity, and Jurisdiction
When comparing these platforms, pay close attention to:
- Trading hours: True 24/7 access is only available on select platforms like Bitget Onchain Stocks and Bybit xStocks
- Fees: Structures range from 0.5% per trade (Bitget) to zero commissions (Kraken xStocks); always check for hidden spreads or withdrawal costs
- Supported blockchains: Ethereum remains dominant for regulated assets (Securitize, Polymath), while Solana and BNB Smart Chain offer speed and lower gas fees (Bitget)
- Geographic restrictions: Many platforms restrict access for U. S. residents due to regulation
For a deeper dive into how tokenized stocks enable 24/7 trading and fractional ownership, see this guide.
Liquidity is another crucial factor. Platforms like Synthetix and Bitget Onchain Stocks benefit from deep DeFi liquidity pools, enabling efficient trading even outside of traditional market hours. By contrast, compliance-focused venues such as Securitize Markets, Polymath, and Backed Finance may have tighter spreads but sometimes lower secondary market liquidity, especially for less popular equities.
Leverage and derivatives are available on certain platforms, notably Bybit xStocks (up to 5x) and Helix, which offers up to 25x leverage on iAssets. However, these products are typically structured as CFDs or synthetic assets rather than direct share ownership. This distinction matters for both risk management and regulatory clarity.
How to Get Started: Steps for Onchain Stock Trading
The onboarding process varies by platform but generally follows a few key steps:
- Create a crypto wallet or exchange account.
- KYC/AML verification: Especially important for regulated platforms like Securitize Markets or Polymath.
- Select your asset: Choose from supported tokenized stocks or ETFs.
- Deposit funds: Most platforms accept stablecoins (USDT/USDC) or fiat via partners.
- Trade: Place buy/sell orders directly from your wallet or exchange interface.
- Withdraw: Transfer tokens to self-custody wallets or convert back to fiat/crypto as needed.
This process is designed to be accessible even for users with limited experience in traditional finance, fractional shares mean you can get started with a small investment, while the blockchain ensures rapid settlement and transparent ownership records.
The Big Picture: What’s Next for Tokenized Equities?
The pace of innovation in tokenized U. S. stocks shows no sign of slowing. With firms like Ondo Finance expanding their product suite, and new entrants like Matrixdock focusing on multi-chain interoperability, the boundaries between traditional equities and decentralized finance continue to blur. As regulatory frameworks mature, especially in Europe and Asia, we can expect broader access, more liquid markets, and an expanding universe of tokenized assets beyond just large-cap U. S. stocks.
If you’re considering entering this space, patience pays off. Take time to compare fee structures, understand the underlying asset models (synthetic vs fully backed), and ensure your chosen platform aligns with your jurisdiction’s rules. Above all else: stay curious, the future of equity trading is being built in real time on the blockchain.







