What are tokenized stocks?
Synthetic on-chain assets that track the price of real-world equities 1:1, fully collateralized by a decentralized reserve.
A tokenized stock is an ERC-20 token whose price is designed to track a real-world equity such as AAPL or TSLA. On EquityX, each ticker is issued as SYMBOL.x on Robinhood Chain.
The one-line mental model
Think of AAPL.x as a price-pegged wrapper: a token that a market maker will always be willing to mint or redeem for the equivalent USD value of AAPL during market hours.
Why bother tokenizing?
- 24/7 trading — the token is a smart contract, not a market that closes at 4pm.
- Fractional by default — buy $3 of NVDA the same way you'd buy $3 of ETH.
- Composable — a tokenized stock can sit inside an on-chain index, a lending market, or a wallet next to your other assets.
- Self-custodial — no brokerage account, no forced liquidation from a platform you don't control.
What tokenized stocks are NOT
They are not shares. Holding AAPL.x does not give you voting rights, dividends paid by Apple, or a claim on the company. What you own is a token whose price is arbitraged towards AAPL by the protocol and its liquidity providers.
This is a legal and structural distinction, not marketing fluff. If any of those things matter to you, use a broker.