Tesla xStock

TSLAX Price

About Tesla xStock (TSLAX)

Tesla xStock (TSLAX) is a tokenized representation of Tesla Inc. common stock, enabling users to hold and trade equity exposure directly on blockchain networks.

• Each TSLAX token is backed 1:1 by the underlying Tesla stock held with regulated custodians.
• The asset is designed for 24/7 global market access and seamless integration with decentralized finance (DeFi) protocols.
• TSLAX supports fractional ownership and self-custody, allowing users to manage equity assets within their own digital wallets.

What Is Tesla xStock

Tesla xStock (TSLAX) is a digital instrument that brings the value of Tesla Inc. (TSLA) common stock into the on-chain economy. It is not a synthetic derivative but a fully collateralized token that represents a legal claim to the underlying equity. The project aims to remove traditional barriers to investing, such as geographic restrictions, high brokerage fees, and limited market hours.

Value moves through the system via the issuance and redemption process managed by Backed, where the underlying shares are purchased and held in a bankruptcy-remote structure. The token is "put to work" by functioning as a liquid asset that can be transferred across different blockchains or utilized within various applications. As the ecosystem grows, TSLAX scales by providing a standardized format for tokenized stock that can be integrated into any compatible decentralized application.

What Makes Tesla xStock Unique

• Regulatory Compliance: Issued under a compliant legal structure with a bankruptcy-remote special purpose vehicle (SPV) to protect token holders.
• 24/7 Market Access: Unlike traditional stock exchanges that operate on fixed hours, TSLAX can be traded at any time on decentralized venues.
• On-chain Rebasing: Corporate actions such as dividends, stock splits, and reverse splits are automatically reflected through an on-chain rebasing mechanism, ensuring the token balance always matches the 1:1 exposure.
• Multi-Chain Availability: The token is issued natively across multiple networks, including Ethereum and Solana, promoting interoperability.

What Can You Use Tesla xStock for?

• Self-Custodial Ownership: Investors can hold their equity exposure in a private wallet rather than a traditional brokerage account, retaining full control over their assets.
• DeFi Integration: TSLAX can be used as collateral in lending markets, provided as liquidity in decentralized exchanges, or integrated into structured financial products.
• Cross-Border Transfers: The tokenized format allows for the frictionless transfer of equity value across borders without the delays of traditional banking rails.
• Fractional Investing: Users can purchase and hold fractions of a Tesla share, making high-priced stocks more accessible to a broader range of participants.

How Does Tesla xStock Work?

Tesla xStock operates through a process of tokenization where the issuer, Backed, purchases the underlying Tesla shares and holds them with a regulated custodian. For every share held in custody, one TSLAX token is minted on a supported blockchain. This 1:1 backing is verified through publicly accessible proof of reserves and oversight by an independent security agent.

The token functions as an application utility token within the on-chain economy. When users trade TSLAX on decentralized exchanges, they pay protocol service fees in the native gas token of the respective network. The token itself does not serve as a network gas asset but acts as a portable, composable representation of equity value within the real world assets (RWA) ecosystem.

Team Info and Investors

Tesla xStock is issued by Backed (backed.fi), a company specializing in the tokenization of real-world assets. The project is supported by the xStocks Alliance, a collaborative group that includes major industry players such as Kraken, Bybit, the Solana Foundation, and Jupiter. While specific individual founder names are not detailed in the primary project sources, the organization operates with a focus on institutional-grade security, including audited smart contracts and segregated custody accounts governed by three-party agreements.

Where can you buy Tesla xStock?

TSLAX tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Tesla xStock is Pionex, where the most active trading pair TSLAX/USDT has a trading volume of $735,607.99 in the last 24 hours. Other popular options include Gate and Kraken.

What is the daily trading volume of Tesla xStock (TSLAX)?

The trading volume of Tesla xStock (TSLAX) is $7,595,367.18 in the last 24 hours, representing a 24.20% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Tesla xStock (TSLAX)?

Tesla xStock (TSLAX) reached an all-time high of $496.55 and an all-time low of $292.26. It’s now trading -25.80% below that peak and 26.00% above its lowest price.

What is the market cap of Tesla xStock (TSLAX)?

Market capitalization of Tesla xStock (TSLAX) is $69,664,656 and is ranked #385 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of TSLAX tokens (190 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of Tesla xStock (TSLAX)?

The fully diluted valuation (FDV) of Tesla xStock (TSLAX) is $201,950,368. This is a statistical representation of the maximum market cap, assuming total number of 550 Thousand ETH tokens are in circulation today.

How does the price performance of Tesla xStock compare against its peers?

With a price increase of 1.80% in the last 7 days, Tesla xStock (TSLAX) is underperforming the global cryptocurrency market which is up 10.30%, while underperforming when compared to similar Real World Assets (RWA) cryptocurrencies which are up 5.40%.