What is xStocks? Complete Guide to Buying GOOGLX

In just one month, several major exchanges, including Gate, have launched xStocks trading zones, allowing global users to directly purchase stocks of giant companies like Google and TSL with USDT for the first time, completely breaking free from regional restrictions and traditional trading hours.

##What is xStocks? When traditional stocks meet blockchain

xStocks is a tokenized stock asset built on blockchain, achieving the integration of traditional financial assets with the crypto ecosystem by converting stocks of companies listed on the NYSE and NASDAQ into digital tokens (e.g., GOOGLX corresponding to Alphabet stock).

Each token strictly follows a 1:1 physical asset collateral mechanism. When a user purchases a GOOGLX token, the partner broker Backed Finance will purchase an equivalent amount of Alphabet stock in the traditional market and deposit it into a regulated custody account, while the corresponding token is generated on the blockchain.

This type of tokenized asset is issued under both ERC-20 and Solana SPL standards, ensuring cross-chain compatibility. Users can freely store and transfer it in their crypto wallets, or trade it on supported exchanges and DeFi platforms.

##GOOGLX Explained: Alphabet's On-Chain Avatar

##Core Features

• Price anchoring: Strictly tracks the real-time stock price of Alphabet (GOOGL), approximately $174.10 per share as of July 2025.
• Fragmented investment: Supports small purchases of approximately $1, significantly lowering the investment threshold for blue-chip stocks.
• 24/7 Trading: Break through the traditional stock market time limits of 9:30 AM - 4:00 PM EST to achieve round-the-clock trading.

technical implementation

GOOGLX runs on a high-performance blockchain network, where Solana provides a throughput capacity of tens of thousands of transactions per second, ensuring instant transaction confirmation; at the same time, it relies on the security and stability of the Ethereum network to form a complementary architecture.

Independent auditing agencies regularly verify reserves, ensuring a 1:1 correspondence between tokens and stock reserves through on-chain verifiable crypto evidence, eliminating the risk of excessive issuance.

##How to buy GOOGLX in the Gate xStocks section?

preliminary preparation

1. Registration and Verification: Visit Gate.com to complete account registration.
2. Fund Recharge: Recharge your account with USDT or other cryptocurrencies supported by Gate (such as BTC, ETH)

purchase process

1. After logging in, enter the "xStocks" section (Gate's world's first tokenized contract market)
2. Select GOOGLX/USDT from the trading pair list
3. Choose the trading type based on your needs:

• Spot trading: Buy GOOGLX tokens directly at market price or limit price.
• Contract trading: Use leverage for long and short positions (pay attention to risk control)

value enhancement tips

• Follow Gate's limited-time promotion, participate in xStocks trading in July for a chance to receive 100 USDT + 10 GT rewards.
• Transfer the purchased GOOGLX to a supported wallet to participate in DeFi applications and earn additional returns (such as staking, lending, and liquidity mining)

##Core Advantages of Tokenized Stocks

• Break through the limitations of time and space: African investors can still trade Apple stocks after the New York market closes, and Middle Eastern users can configure stock assets without a local brokerage.
• Settlement efficiency revolution: Transaction confirmation has been shortened from the traditional finance's T+2 days to instant completion on-chain, with a capital utilization rate increase of more than 10 times.
• Global liquidity pools: Investors from Asia, Europe, and America trade in a unified market, with deep aggregation narrowing the bid-ask spread by 30%.
• Composite financial function: Holding GOOGLX can simultaneously serve as collateral to borrow stablecoins, achieving an innovative earning model of "holding stocks for interest".

##Risks and Challenges

• Regulatory uncertainty: The US SEC has not yet recognized the legality of tokenized stocks, while places like Switzerland and Singapore are relatively open but policies are still evolving.
• Technical security risk: In 2025, the Solana network experienced a brief interruption, causing some exchanges to suspend xStocks withdrawals.
• Equity difference: Holding GOOGLX does not grant voting rights for Alphabet shareholders, and dividends are usually reflected indirectly through token value adjustments.
• Price decoupling risk: In extreme market conditions, there may be a short-term price difference of 2%-5%, which requires attention to the effectiveness of the platform's arbitrage mechanism.

##The Future Path of Financial Democratization

xStocks represents a paradigm shift in financial market infrastructure. Currently, Gate has launched over 60 stock tokens, covering a diverse range from tech giants to ETFs. As the daily trading volume surpasses 5 billion USD, this fusion model is attracting close attention from traditional financial institutions.

For ordinary investors, GOOGLX is not only a ticket to the growth dividends of Alphabet but also an important medium for participating in the evolution of the financial system. As crypto analyst Max said, "On-chain stock trading is not a replacement for traditional markets, but rather creating a more inclusive parallel universe."