Alphabet xStock

GOOGLX Price

About Alphabet xStock (GOOGLX)

Alphabet xStock (GOOGLX) is a tokenized representation of Alphabet Inc. Class A stock, providing onchain exposure to one of the world's most liquid technology equities.

• It is fully collateralized 1:1 by the underlying Alphabet Inc. (GOOGL) stock held with a regulated custodian.
• The token is designed for 24/7 global market access and is natively composable with various decentralized finance protocols.
• It utilizes a bankruptcy-remote legal structure to ensure the asset's security and provides a legal claim to the stock's value.

What Is Alphabet xStock

Alphabet xStock is a blockchain-native financial instrument that bridges traditional equity markets with the onchain economy. It allows users to hold, transfer, and trade Alphabet Inc. stock directly from their digital wallets without the need for traditional brokerage accounts. Value moves through the system as a digital claim on the underlying shares, which are held in segregated custody accounts. The token can be "put to work" in the ecosystem as collateral in lending markets or as liquidity in decentralized exchanges. As the ecosystem of integrated platforms grows, the utility of GOOGLX scales by allowing for more complex financial strategies involving tokenized equities.

What Makes Alphabet xStock Unique

• Regulated Backing: Every token is backed 1:1 by actual Alphabet Inc. shares, governed by a three-party Account Control Agreement.
• 24/7 Availability: Unlike traditional markets with limited hours, GOOGLX can be traded around the clock on supported decentralized venues.
• Bankruptcy Remoteness: The assets are held in a special purpose vehicle (SPV) that is legally separate from the issuer, protecting holders from issuer insolvency.
• Dividends and Splits: Corporate actions are automatically reflected onchain through a rebasing mechanism, ensuring token balances always match the underlying equity exposure.

What Can You Use Alphabet xStock for?

• DeFi Collateral: Use your tokenized Alphabet shares as backing to borrow other assets in Decentralized Finance (DeFi) protocols.
• Liquidity Provisioning: Earn rewards by providing liquidity for GOOGLX pairs on decentralized exchanges.
• Unified Portfolio Management: Manage your technology stock exposure alongside your cryptocurrency holdings in a single, self-custodial wallet.
• Fractional Ownership: Trade and hold precise fractional amounts of Alphabet stock, which may be restricted in some traditional brokerage environments.

How Does Alphabet xStock Work?

Alphabet xStock operates by minting tokens that represent a legal claim on shares held by a regulated custodian. The issuance process is handled by Backed, which uses a compliant legal framework to ensure each token is a valid security under applicable regulations. To maintain parity with the underlying stock, the protocol employs an onchain rebasing mechanism that adjusts token balances to reflect dividends, stock splits, or reverse splits. This ensures that one GOOGLX token consistently represents the economic value of one GOOGL share. The system also features publicly verifiable proof of reserves and audited smart contracts to maintain transparency and security.

Team Info and Investors

Alphabet xStock is issued by Backed, a firm specializing in the tokenization of Real World Assets (RWA). The project is a core component of the xStocks Alliance, a consortium that includes major industry players such as Kraken, Bybit, and the Solana Foundation. Other alliance members and partners include Jupiter, Alpaca, and Alchemy Pay, which work together to build a liquid, interoperable market for Tokenized Stock onchain.

Where can you buy Alphabet xStock?

GOOGLX tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Alphabet xStock is Kraken, where the most active trading pair GOOGLX/USD has a trading volume of $595,033.84 in the last 24 hours. Other popular options include Bybit and Gate.

What is the daily trading volume of Alphabet xStock (GOOGLX)?

The trading volume of Alphabet xStock (GOOGLX) is $7,460,205.82 in the last 24 hours, representing a -12.90% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Alphabet xStock (GOOGLX)?

Alphabet xStock (GOOGLX) reached an all-time high of $408.30 and an all-time low of $169.43. It’s now trading -16.70% below that peak and 100.70% above its lowest price.

What is the market cap of Alphabet xStock (GOOGLX)?

Market capitalization of Alphabet xStock (GOOGLX) is $38,072,390 and is ranked #554 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of GOOGLX tokens (110 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of Alphabet xStock (GOOGLX)?

The fully diluted valuation (FDV) of Alphabet xStock (GOOGLX) is $180,283,732. This is a statistical representation of the maximum market cap, assuming total number of 530 Thousand ETH tokens are in circulation today.

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

With a price decline of -3.50% in the last 7 days, Alphabet xStock (GOOGLX) is underperforming the global cryptocurrency market which is down -1.90%, while underperforming when compared to similar Real World Assets (RWA) cryptocurrencies which are down -0.80%.