OPEN tokenized stock (xStock) PriceOPENX

What is OPEN tokenized stock (xStock) (OPENX)?

OPEN tokenized stock (xStock) (OPENX) is a tracker certificate issued as Solana SPL and ERC-20 tokens. It tracks the price of Opendoor Technologies Inc., providing onchain access to equity exposure through Ethereum and Solana. The product is issued by Backed Assets and distributed through the xStocks platform, which focuses on tokenized representations of real-world stocks and ETFs. According to Kraken's xStocks page, each xStock is backed 1:1 by the underlying equity and issued as an SPL token on-chain; xStocks do not confer ownership, but the same-token balance increases to reflect a real-world dividend (auto-reinvested dividends). According to Yahoo Finance's coin profile, OPENX has a start date of 2025-10-23. According to Kraken's xStocks page, the product line covers 100+ companies, including stocks and ETFs. The token is designed to be composable with DeFi protocols. According to Kraken's xStocks page, xStocks are only available to non-U.S. retail clients and are not available in the US, EEA, and certain other regions (geo restrictions apply).

Key Specifications & Tokenomics

• Name: OPEN tokenized stock (xStock)
• Ticker / Symbol: OPENX
• Blockchain / Platform: Solana SPL; also issued as ERC-20 tokens; BNB Smart Chain (BEP20) contract listed
• Category: Tokenized Assets, Tokenized Stock, Solana Ecosystem, Ethereum Ecosystem, DeFi
• Underlying Equity: Opendoor Technologies Inc.
• Issuer: Backed Assets
• Official Website: https://xstocks.com
• Explorer: solscan.io
• Circulating Supply: Approximately 36.07K OPENX
• Total Supply: Approximately 19.22M OPENX
• Max Supply: Unlimited. As a tokenized stock certificate, its token supply expands or contracts dynamically based on issuance and redemption of the underlying stock on the Backed Assets platform (CryptoRank lists it as unlimited).
• Market Cap: Approximately $94.15K
• Fully Diluted Valuation: Approximately $50.16M
• Holders: 41
• Contract Addresses: BNB Smart Chain (BEP20) 0xbEe6…4825E66 (per Bitget, address listed in truncated form); Wrapped OPEN Tokenized Stock (xStock) wOPENx 0x08B2…14Ed3F (per CoinMarketCap, address listed in truncated form). Before interacting, rely on the full address published through official channels.
• Security Information: As of this writing, the reference materials do not list an auditor, audit date, or bug bounty program for this token; users should independently verify the contract address before interacting.

Who created OPEN tokenized stock (xStock)?

OPEN tokenized stock (xStock) is issued by Backed Assets, the product platform behind the xStock tracker certificates. The xStocks platform operates through its official website (https://xstocks.com) and X account (https://twitter.com/xStocksFi). The product is part of a broader tokenized asset framework developed by Backed Assets, which focuses on bringing real-world equity exposure onchain through compliant, collateralized structures.

How does OPEN tokenized stock (xStock) work?

OPENX functions as a tracker certificate that mirrors the price of Opendoor Technologies Inc. stock. Each token is backed 1:1 by the underlying equity, meaning the token supply is directly linked to shares held in reserve. The token is issued on Solana as an SPL token and also as an ERC-20 token on Ethereum, with an additional contract on BNB Smart Chain. This multi-chain structure allows users to access the token across different blockchain ecosystems. According to Kraken's xStocks page, xStocks do not confer ownership, but the same-token balance increases to reflect a real-world dividend (auto-reinvested dividends). Because it is a token, it can be integrated into DeFi protocols for lending, borrowing, or liquidity provision. According to Kraken's xStocks page, xStocks are only available to non-U.S. retail clients and are not available in the US, EEA, and certain other regions (geo restrictions apply). A wrapped version also exists, Wrapped OPEN Tokenized Stock (xStock) (wOPENx); according to its CoinMarketCap page, its total supply and circulating supply are both 0, its contract address is 0x08B2…14Ed3F (truncated form), and its explorer is oklink.com.

What makes OPEN tokenized stock (xStock) unique and valuable?

OPENX offers several distinctive features. First, it provides onchain exposure to a US equity without requiring traditional brokerage access, lowering barriers for non-US investors. Second, its 1:1 backing by the underlying equity gives it a direct link to real-world value, unlike synthetic or algorithmic stablecoins. Third, it is composable with DeFi protocols, meaning it can be used in decentralized finance applications just like any other token. Fourth, according to Kraken's xStocks page, the xStocks product line covers 100+ companies, including stocks and ETFs, creating a diversified ecosystem of tokenized assets. Finally, according to Kraken's xStocks page, xStocks are only available to non-U.S. retail clients and are not available in the US, EEA, and certain other regions (geo restrictions apply).

Risk notice: Tokenized stock prices move with the underlying stock and the market and may rise or fall sharply. According to the reference materials, OPENX trades on only one active market and 24-hour trading volume is very low, so liquidity risk is significant. xStocks are not available in the US, EEA, and certain other regions. Tokenized certificates depend on the redemption and custody arrangements of the issuer, Backed Assets, which creates counterparty risk. This article is for reference only and does not constitute investment advice.

What is OPEN tokenized stock (xStock) used for?

OPENX is primarily used to gain onchain exposure to the price movements of Opendoor Technologies Inc. stock. It allows crypto-native users to hold a tokenized representation of a traditional equity within their blockchain wallets. The token can be traded on supported centralized and decentralized exchanges, integrated into DeFi protocols for yield generation or collateralization, and used as a composable building block in broader onchain financial strategies. It also serves as a tool for portfolio diversification, enabling users to combine equity exposure with other crypto assets in a single wallet environment.

How Is the OPEN tokenized stock (xStock) ecosystem developing?

According to Kraken's xStocks page, the product line covers 100+ companies, including stocks and ETFs, accessible through centralized and decentralized exchanges. According to Kraken's xStocks page, related xStock tokens include Coinbase Global (COINx), Apple (AAPLx), NVIDIA (NVDAx), Tesla (TSLAx), and others. The ecosystem is supported by integrations with major trading venues and DeFi protocols. According to a PANews article (July 3, 2025) on asset tokenization from xStocks, its on-chain structure, cross-chain deployment, and DeFi integration capabilities demonstrate strong product design capabilities; however, the limited liquidity of the spot model and insufficient user expansion capabilities make it difficult to support the growth curve of the tokenized stock market alone.

How to acquire and redeem OPENX

OPENX is not produced through PoW/PoS mining; it is issued and redeemed by Backed Assets at 1:1 against the underlying stock. Users can buy it on supported centralized or decentralized exchanges, or obtain it through the xStocks platform. According to Kraken's xStocks page, users can start with as little as $1 USD, trades clear instantly within Kraken, and tokenized stocks can be withdrawn to a wallet. According to Kraken's xStocks page, users can earn up to 2% rewards on supported tokenized stocks (Auto Earn rates are subject to change; participation in the Opt-In Rewards Program involves risk); the rewards come from platform incentives rather than token issuance. Holding OPENX does not generate yield by itself; any yield would come from external DeFi protocols where the token might be used as collateral or in liquidity pools.

How to keep your OPEN tokenized stock (xStock) safe?

To keep OPENX safe, use a non-custodial wallet that supports Solana SPL tokens or ERC-20 tokens, depending on which chain you hold. Hardware wallets provide the highest level of security for private key storage. Always verify contract addresses before interacting with any token, and be cautious of phishing sites that mimic official platforms. Since OPENX is a tokenized asset, store any documentation related to the certificate securely. Enable two-factor authentication on any exchange accounts used to trade the token. Avoid sharing private keys or seed phrases, and consider using a dedicated wallet for tokenized asset holdings to minimize exposure to smart contract risks in DeFi integrations.