Uniswap v4 Adds 10 Tokenized Stock Markets on Monad, Including Nvidia and Tesla

Uniswap v4 on Monad now has 10 xStocks markets, tokenized versions of US stocks and ETFs, including Nvidia (NVDAx) and Tesla (TSLAx). The news went around on November 13. It means you can swap into a token that tracks a real stock, on chain, on the same network where FLING added stocks back in October.

Updated November 14, 2026. Live prices: our crypto page.

Related: FLING Adds Stocks on Monad: Trade Tesla and Nvidia 24/7, and Coins That Pay Holders in Stock · Visa Adds Monad to Its Stablecoin Settlement Program, but MON Sits Near Its Low Before the Nov 24 Unlock

The short version

What actually launched

BSC News, republished on Crypto News on November 13, reported that Uniswap v4 on Monad now lists 10 xStocks tokenized equity markets. They named four of them: NVDAx for Nvidia, TSLAx for Tesla, SPYx for the S&P 500 and QQQx for the Nasdaq-100.

A full list of 10 was shared on X by Bryan Quartz: EWYx, MUx, NVDAx, QQQx, SGOVx, SKHYx, SMHx, SPCx, SPYx and TSLAx. I couldn't find an official Uniswap or xStocks post with that exact list, so take the six extra names as reported, not confirmed. Same post said more liquidity for these tokens is the next goal, which tells you the pools are still small.

One more heads up. Most reports say the markets are live on Monad, but one crypto newsletter mentioned testnet. If you go looking, check the Uniswap app on Monad yourself before you trade anything.

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If the whole "trade a stock on a blockchain" thing still sounds weird, The Infinite Machine by Camila Russo tells the story of how Ethereum-style apps like Uniswap came to exist. Monad runs the same kind of apps, just faster.

What's an xStock?

An xStock is a token that tracks one US stock or ETF. Each one is supposed to be backed 1:1 by the actual share, held by a custodian. So one NVDAx is meant to always be worth one Nvidia share. The project was built by Backed Finance and belongs to Payward, the company behind Kraken. xStocks first launched on Solana in June 2025.

A few things that are different from owning the stock at a broker:

• You can trade them any time, nights and weekends included. xStocks says they trade 24/7.
• No voting rights. You get the price, not a say at the shareholder meeting, according to Coingape.
• Not everyone can use them. Eligibility is geo-restricted, and US persons are generally excluded, according to Kraken and Backed. xStocks says it's available in 110+ countries.

Why Monad, and why Uniswap?

This didn't come out of nowhere. On October 6, at Monad's Open conference in Singapore, xStocks announced it would issue its tokens natively on Monad, more than 1,100 US stocks and ETFs, minted and settled right on the chain. Uniswap getting its first 10 markets is one of the first visible results of that.

Uniswap is one of the biggest swap apps in crypto. You connect a wallet, pick two tokens, and swap. No account, no order book. Version 4 adds something called hooks, little add-on rules a pool can run. For stocks that matters, because a hook can do things like allowlists or KYC checks right inside the pool. Uniswap announced a standard for these "permissioned pools" back in July for exactly this kind of regulated asset.

For a sense of size: CoinMarketCap showed Uniswap v4 on Monad with about $9.5 million in 24-hour volume and about $44.7 million in total liquidity when I checked on November 14. That's the whole exchange on Monad, not just the stock pools. The stock pools are a small slice of it.

If you want the bigger picture on how this "DeFi" stuff tries to rebuild banks and brokers with code, DeFi and the Future of Finance by Campbell Harvey explains it without the hype.

How you'd use it

Same as any Monad app. You need a wallet set up for the Monad network. If you haven't done that yet, here's how to add Monad to MetaMask. You'd also need a bit of MON for gas and something to swap from, usually a stablecoin. New to the chain itself? Our Monad explainer covers the basics.

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The catches

• Small pools. With little liquidity, a bigger swap can move the price against you (slippage). Check the price you get against the real stock price first.
• Where you live matters. If you're in the US, xStocks generally aren't for you.
• Weekend prices. When the real market is closed, the token can drift away from the last stock price, then snap back Monday.
• Smart contract risk. It's all code. Use official app links only.

If what you really want is just to own the S&P 500 and forget about it, The Little Book of Common Sense Investing by John Bogle is the classic on plain index funds. A token on a blockchain is a different way to get the same exposure, with different risks.

FAQ

Which stocks can you trade on Uniswap on Monad?

Ten xStocks markets, including NVDAx (Nvidia), TSLAx (Tesla), SPYx (S&P 500) and QQQx (Nasdaq-100). A list shared on X also names EWYx, MUx, SGOVx, SKHYx, SMHx and SPCx.

Are xStocks real stocks?

They're tokens backed 1:1 by real shares held in custody. You get price exposure, not voting rights.

Can people in the US buy xStocks?

Generally no. xStocks are geo-restricted and not offered to US persons.

This is news, not financial advice.