RWA · Stocks / ETF · xStocks on Arc · settled in USDC
US stocks and ETFs, on Arc.
Over a thousand xStocks: tokens that each track one share of a US stock or ETF, held 1:1 with regulated custodians and issued by Backed Assets (JE) Ltd, a Kraken company. Every card reads the issuer's live reference price, proof of reserves and market hours. On Arc they trade in USDC, around the clock, from your own wallet. A NEW ONE is the interface, not the issuer.
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How a stock token works
1 · THE TOKENOne token, one shareBacked buys the share and keeps it with a regulated custodian in a segregated account; the token is a tracker certificate on it, redeemable with the issuer. Proof of reserves is published per stock and shown on each card. No voting rights; dividends are reinvested into the token's balance.
2 · ON ARCTrade in USDC, 24/7The tokens are plain ERC-20s, so on Arc they trade in Uniswap pools against USDC from any wallet, at any hour. The pool price can stray from the exchange price when the market is closed; both are on the card, and the quote shows the difference before you sign.
3 · THE WRAPPERWhy you receive wTSLAx, not TSLAxDividends and splits change xStock balances automatically. Pools cannot hold a token whose balances move, so they hold the wrapped, non-rebasing version (ERC-4626). It is worth exactly the same share; the card shows your holding either way and can wrap or unwrap in one click.
Issuers on Arc
XSTOCKS · BACKED, A KRAKEN COMPANY1,100+ stocks and ETFsJersey-registered issuer, Liechtenstein FMA-approved base prospectus, 1:1 custody with Alpaca, Chainlink reserves and bridge. Live on Ethereum, Solana, Arbitrum, BNB Chain, Mantle, Ink, X Layer, Optimism, HyperEVM, Monad, TON and Tron; Arc next. xstocks.com ↗
DINARI · DSHARES700+ US stocks and ETFs, live on Arc since 16 September 2026SEC-registered transfer agent, broker-dealer orders in USDC with the issuer's own KYC and dividends paid in USDC. A NEW ONE's order flow is built and awaiting partner access; it opens here the day Dinari switches it on. dinari.com ↗
Prices, hours and reserves are read from the issuer's public API and the Arc chain; the reference price is Backed's quote for the underlying and is indicative, not a price you will get in a pool. xStocks are tracker certificates issued by Backed Assets (JE) Limited, a Jersey company registered with the Jersey Financial Services Commission, under a base prospectus approved by the Liechtenstein FMA; they give economic exposure to a share, not the share itself or its voting rights, and their documents at assets.backed.fi prevail over anything shown here. They are not offered to US persons. A NEW ONE does not issue, custody, broker or advise; trades on Arc happen in third-party pools you choose to use, at a price you see before you sign, and you can lose what you put in. Nothing here is an offer. Some jurisdictions restrict these products. Terms · Privacy
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USDC
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Before you start
One signature, once per wallet. It costs nothing and moves nothing; it only records that you accept the terms.
A NEW ONE is a non-custodial interface: it never holds your funds or keys, never issues an asset and never gives advice.
The tokens are issued and run by third parties. Prices move, pools can be thin, and you can lose what you put in.
Fees are shown before you sign: the pool's fee and the quote's slippage limit; none to us on these tokens.
You are 18 or older, act for yourself, meet the issuer's eligibility rules, and are responsible for your own taxes and local rules.