Tokenized equities are now available on Uniswap (@Uniswap) $UNI v4 on Monad (@monad) $MON, bringing onchain trading of traditional stocks and exchange-traded funds to another high-throughput blockchain.
The launch features 10 xStocks (@xStocksFi) markets: NVDAx, TSLAx, SPYx and QQQx. The tokens track Nvidia, Tesla, the S&P 500 and the Nasdaq-100, respectively.
What the Launch Covers
xStocks tokens are designed to mirror US-listed securities. A Solana case study on xStocks says each token is backed 1:1 by a real share held with a regulated custodian, so one Tesla share corresponds to one TSLAx token. The document says the product was launched on Solana on June 30, 2025, through issuer Backed, and gives non-US traders round-the-clock market access and onchain settlement.
The Monad deployment follows xStocks' announcement at Monad's Open conference in Singapore on October 6, 2026. Coingape reported that xStocks plans to issue more than 1,100 US stocks and ETFs natively on Monad, meaning the tokens would be minted and settled directly on the network. The same report noted that tokenized equities do not provide voting rights.
Uniswap v4 supports products like this through hooks, a modular framework for attaching custom logic to liquidity pools. Blockonomi reported that hooks let issuers configure KYC gates, allowlists and dynamic fees at the pool level, a feature relevant to regulated assets with access restrictions.
Uniswap's Wider Tokenization Push
The Monad launch builds on Uniswap's earlier move into real-world assets. Crypto Briefing reported that Uniswap began displaying tokenized stocks from companies including Apple, Tesla, SpaceX and NVIDIA across its web app, wallet and API, using existing compliant tokenized assets rather than issuing new tokens.
The development comes as Uniswap reports strong stablecoin activity. The protocol recently processed more than $15 billion in stablecoin-to-stablecoin volume across EVM chains over a 30-day period. Uniswap's announcement said that volume exceeded the combined total for every other decentralized exchange, though this figure is the protocol's own claim.
Deeper liquidity on Monad could affect how tokenized stocks are used in decentralized finance. Coingape noted that Aave governance is also considering an Aave V4 deployment on Monad centered on a tokenized-equities hub featuring SPYx, QQQx, NVDAx and TSLAx. The assets would be used as collateral.
Investors should note that access to tokenized securities may be limited. Regulated real-world assets typically have access restrictions, such as KYC checks and allowlists.
Sources
Solana: xStocks case study
Coingape: xStocks brings tokenized equities natively to Monad
Blockonomi: Uniswap tokenized securities go live
