> For the complete documentation index, see [llms.txt](https://docs.degate.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.degate.com/features/on-chain-stocks.md). # On-Chain Stocks DeGate supports holding and swapping tokenized stocks and ETFs directly from your self-custody wallet, at a 0.02% swap fee. Coverage spans hundreds of tokens across two issuer families: **Ondo onchain assets** (tickers ending in "on", like TSLAon) and **xStocks** (tickers ending in "x", like TSLAx), together covering individual US equities (Tesla, Nvidia, Apple, Microsoft and more) and index ETFs (S\&P 500, Nasdaq 100). All are settled in USDC, fractional, and swappable 24/7. Browse the full list at [app.degate.com/stocks](https://app.degate.com/stocks). ## Ondo onchain assets Ondo Global Markets issues tokens that track listed US stocks and ETFs; on DeGate these carry the "on" ticker suffix (TSLAon for Tesla). The underlying shares are held through regulated intermediaries (Alpaca Securities for the shares, BitGo Bank & Trust for cash and stablecoins) in a bankruptcy-remote issuer structure. Dividends are reflected through total-return pricing: value accrues into the token's price via a multiplier rather than being paid out as cash. ## xStocks (Backed Finance) xStocks are tokenized equities backed 1:1 by the underlying stock through the Backed Finance framework; the "x" suffix (as in TSLAx) denotes xStocks issuance. Legally, each xStock is a tracker certificate rather than an equity share. Dividends on the underlying equity are reinvested (net of applicable taxes) through a rebasing mechanism: on EVM chains balances adjust automatically, and on Solana adjusted balances are shown via Scaled UI. ## What you can do * **Swap in and out at a 0.02% fee.** Ondo assets and xStocks trade like any other token, paid in USDC. See [Fees](/fees/fees.md). * **Hold them in self-custody.** Tokens sit at addresses only your key controls. * **Earn yield on stock tokens.** Provide liquidity to stock pairs (for example TSLAx/USDC or MSTRx/USDC) through [Turbo Range](/features/turbo-range.md). **To buy:** open the DeGate app, go to **Swap**, search for the token (for example TSLAon or TSLAx for Tesla), enter the amount, and confirm. DeGate handles routing, bridging, and gas automatically. ## What tokenized stocks are, and are not Tokenized stocks give you economic exposure to the underlying equity; they are not shares held in a securities account in your name, and they do not confer shareholder voting rights. The precise legal form depends on the issuer (a Backed tracker certificate and an Ondo issuer claim are different instruments), so for meaningful size it is worth reading the issuer's own terms. For a plain-language comparison of issuance models, see [What is the tokenized stock in your wallet?](https://degate.com/playbook/tokenized-stock-issuance-models/) in the DeGate reference library. ## Trading hours and pricing Tokens can be swapped 24/7, since transfers settle on-chain at any hour. The underlying equities trade on exchanges with fixed hours: during US market hours, token prices generally stay close to the underlying through market making and arbitrage; outside those hours, prices form from secondary-market supply and demand, so spreads can be wider and deviations can occur. Full mechanics: [Why 24/7 tokenized stocks do not mean 24/7 price discovery](https://degate.com/playbook/tokenized-stocks-24-7-price-discovery/). ## FAQ **What does it cost to trade tokenized stocks on DeGate?** A 0.02% DeGate swap fee on Ondo assets and xStocks, the same rate as every non-stablecoin token, as of August 2026. **Do I receive dividends?** Economically yes, through each issuer's mechanism: xStocks rebase balances, while Ondo reflects dividends in the token price. Neither pays cash to your wallet. Details: [How tokenized stock dividends work](https://degate.com/playbook/tokenized-stock-dividends-mechanisms/). **Can I buy tokenized stocks from the EU?** Yes. DeGate is available in EU and EEA countries. Users are responsible for tax and reporting requirements in their jurisdiction. **Can I trade when the stock market is closed?** You can swap the tokens at any hour. Price behavior outside underlying market hours has its own dynamics; see the pricing section above. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.degate.com/features/on-chain-stocks.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.