What is Alphabet tokenized stock (xStock) (GOOGLX)?

TLDR Alphabet tokenized stock (GOOGLX) is a blockchain-based asset tracking Alphabet Inc.’s Class A stock price, enabling crypto users to gain exposure to traditional equities via decentralized networks.

1. Regulatory-compliant bridge – Combines stock market access with blockchain’s 24/7 trading and fractional ownership.
2. Multi-chain design – Exists as ERC-20 (Ethereum) and SPL (Solana) tokens, backed 1:1 by Alphabet shares.
3. Institutional-grade framework – Developed by Backed Finance to meet strict compliance standards for real-world asset tokenization.

Deep Dive

1. Purpose & Value Proposition

GOOGLX addresses the demand for traditional equity exposure within crypto markets while adhering to regulatory guidelines. Each token represents ownership in Alphabet Inc. shares held by Backed Finance, a Swiss-regulated issuer (Backed Finance). This allows investors to trade Alphabet stock 24/7 on crypto exchanges like Gate.io, bypassing traditional market hours and brokerage restrictions.

2. Technology & Architecture

The token uses a dual-chain model:
- ERC-20 – Ethereum’s token standard ensures compatibility with DeFi protocols and wallets.
- SPL – Solana’s token standard enables fast, low-cost transactions.
Every GOOGLX token is fully collateralized by actual Alphabet shares held in custody, audited quarterly to ensure 1:1 backing (Gate.io).

3. Key Differentiators

Unlike synthetic stock tokens, GOOGLX emphasizes regulatory compliance and direct asset backing. Its cross-chain design allows seamless transfers between Ethereum and Solana ecosystems, while Gate.io’s integration of perpetual futures (up to 10x leverage) adds derivatives trading unavailable in traditional equity markets.

Conclusion

GOOGLX merges traditional finance reliability with blockchain flexibility, offering global investors stock exposure through crypto infrastructure. As regulatory frameworks evolve, will tokenized equities like GOOGLX redefine how traditional assets are traded and owned?