We are excited to announce that Bitso, the leading digital financial services company in Latin America, has launched xStocks in Argentina. xStocks is powered by Payward’s industry-leading framework, accessible directly from the Bitso app.
With this launch, the initial deployment includes 10 tokenized assets: AAPLx, AMZNx, GOOGLx, METAx, MSFTx, NFLXx, NVDAx, QQQx, SPYx and TSLAx.
Each xStock tracks the price of its underlying asset on a 1:1 basis and is backed accordingly, providing transparent and verifiable exposure to global stocks in a familiar trading environment.
Access to global markets without traditional barriers
For most Argentines, accessing U.S. capital markets has always involved a long and complex process: opening a brokerage account, waiting days for approval, navigating foreign exchange restrictions and operating only during the opening hours of the New York Stock Exchange.
By integrating xStocks, Bitso allows users to access global markets directly through a platform they already use, eliminating the need for intermediaries or additional workflows.
Julián Colombo, Managing Director of Bitso for South America: “Argentina has one of the most financially sophisticated populations in Latin America, yet access to the prices of the world’s biggest companies has always been reserved for a few.”
“With xStocks, any Bitso user can get exposure to Apple, NVIDIA or Tesla prices in seconds, using digital dollars already in their account. No additional paperwork, from $5, and no market opening hours. It’s not just a new product: it’s a new category for the Argentine market.”
Val Gui, CEO of xStocks:“Wall Street should not be limited by geography. With xStocks, we are transforming capital markets into global, programmable on-chain markets. Our latest integration with Bitso opens access and utility to millions of Argentines, putting global markets directly in their hands, instantly and frictionlessly.”
What are xStocks and how do they work?
xStocks is the industry standard framework for tokenized stocks, bringing publicly traded US stocks and ETFs online through fully collateralized tokens that track the price of their underlying assets on a 1:1 basis.
Since its launch in 2025, xStocks has surpassed $25 billion in total trading volume and over 100,000 unique holders worldwide, reflecting the growing global demand for on-chain stock exposure.
Built for interoperability, xStocks integrates across centralized platforms, self-custodial wallets and on-chain applications, paving the way for new utilities in trading, collateralization and decentralized finance.
They provide contractual economic exposure rather than direct ownership, with positions typically settled in digital dollars, expanding access to global markets in a flexible, on-chain native format.
Each xStock tracks the price of its reference asset on a 1:1 basis and operates within the Bitso environment using the platform’s existing buy/sell flow, with digital dollars (USDC or USDT) already available in the user’s balance. Positions are settled in USDC or USDT and, in this initial phase, tokens cannot be transferred to external wallets.
Extended hours: 24/7 for the most traded tokens
One of the concrete differentiators of xStocks compared to traditional alternatives is their availability.
Traditional stock markets operate Monday through Friday during New York business hours; xStocks greatly expands this access. At launch, six of the ten tokens (AAPLx, NVDAx, TSLAx, SPYx, GOOGLx and QQQx) are available 24/7, including weekends and holidays.
The other four (AMZNx, MEtax, MSFTx, and NFLXx) operate 24/5, Monday through Friday, and will transition over time to 24/7 trading. Prices are provided by the xStocks protocol with continuous reference to the underlying market.
For Bitso users in Argentina who already have digital dollars in their account, no additional steps are required: they can trade their first xStock using the same flow as any other transaction in the app. Another advantage is splitting. There is no need to purchase an entire unit of the asset; positions can be split from as little as $5 USD.
xStocks are issued by Backed Assets (JE) Limited (a Jersey limited company) and offered to eligible Kraken customers via Payward Digital Solutions Ltd. (“PDSL”), a company authorized to carry out digital asset business by the Bermuda Monetary Authority. In the European Union/European Economic Area, xStocks are offered to eligible customers through Payward Europe Digital Solutions (CY) Ltd. (“PEDLS-CY”), a Cypriot investment company authorized and regulated by EU MiFID II. xStocks are not registered under the US Securities Act and are not available in the United States or to US persons. xStocks are also not currently available in the United Kingdom or any other jurisdiction where their offering or distribution would be illegal or would require regulatory approval which has not been obtained. Neither PDSL, Payward Europe Digital Solutions (CY) Ltd. (“PEDLS-CY”) nor their respective affiliates provide investment advice or recommendations, PDSL (Kraken) does not provide investment advice and/or recommendations, and no communication, whether through any Kraken application or website or otherwise, should be construed as such. Individual investors should make their own decisions or seek independent professional advice if they are unsure about the suitability of an investment for their circumstances or needs, including potential tax treatment. Investing in xStocks involves an element of risk. The value of an investment can go up as well as down, and past performance is not a reliable indicator of future results. Geographic restrictions apply. Read Kraken’s xStocks Risk Disclosure at kraken.com/legal/xstocks and the base prospectus and associated final terms for xStocks at to learn more.
