On November 12, 2026, xStocks, Ether.Fi, and The Optimism Foundation announced that xStocks' full catalog of 1,500+ tokenized equities has been running natively on OP Mainnet for several months, with no bridge or wrapper. The teams are confirming that publicly today.
At the same time, Ether.Fi is going live with native xStocks mint and redeem inside its app, putting tokenized equities in users' self-custodial accounts alongside Ether.Fi's existing staking, Cash, and borrow products. Eligible users can also mint through the xStocks.fi web frontend.
What changed
xStocks' full catalog of 1,500+ tokenized equities has been natively minted and redeemed on OP Mainnet for several months, with no OFT in the path. The teams are confirming that publicly today. The catalog covers the full Russell 1,000 plus tickers like NVDAx (NVIDIA), TSLAx (Tesla), QQQx (Invesco QQQ), SPYx (SPDR S&P 500), and TBLLx (iShares 0-3 Month Treasury Bond ETF).
Ether.Fi added xStocks trading to its app in the Summer 2026 release in wrapped form. Native xStocks mint and redeem goes live inside the app today, so interactions are faster and no longer route through Ethereum mainnet.
Who does what
- xStocks (Backed Assets and Payward): Issuer and network. xStocks owns the asset layer across its 12 chains.
- Ether.Fi: Application layer. Eligible users can access xStocks inside the Ether.Fi app, in self-custodial accounts, next to Ether.Fi's staking, Cash, and borrow products. Ether.Fi's Cash product settles on OP Mainnet.
- OP Mainnet: Settlement layer. Standard Ethereum tooling and an Ethereum Layer 2 developer environment.
What developers can build
Native xStocks use standard Ethereum tooling. They can be composed with the lending markets, DEXs, and applications already live on OP Mainnet, without a bridge. Composability is subject to the issuer's limits and the geographic availability of each venue.
The numbers behind xStocks
- 1,500+ xStocks, all natively deployed on OP Mainnet for several months. Source: Dune.
- 12 chains with xStocks deployed.
- $46B+ total transaction volume since launching in June 2025. Source: Dune.
Where this fits in OP Mainnet's tokenization work
Tokenized securities follow stablecoins and lending onto Ethereum. OP Mainnet now carries all three. The OP Stack is open-source and MIT-licensed. More than 50 production chains run on it.
“OP Labs is building toward a million chains, and the question is always what that looks like in practice. Today it looks like xStocks running natively on OP Mainnet for months, and Ether.Fi giving eligible consumers direct access to the full catalog. Equities, stablecoins, and lending on the same open rails is how finance stops being locked inside individual institutions.”
Disclosures
Neither The Optimism Foundation nor OP Labs issues, operates, custodies, or administers xStocks. OP Mainnet is settlement infrastructure. xStocks are issued by Backed Assets (JE) Limited (Jersey) and distributed to eligible users through Payward Digital Solutions Ltd. (Bermuda) and Payward Europe Digital Solutions CY Ltd. (Cyprus). Eligibility is subject to geographic restrictions. See Payward's xStocks Risk Disclosure and the Base Prospectus and Final Terms for full details.
Get started
- Eligible users: xstocks.fi or the Ether.Fi app
- Developers: OP Mainnet docs
- Integration partners: xstocks.fi/partners
xStocks is a third-party product that is not issued, operated, custodied, or administered by The Optimism Foundation or OP Labs. OP Mainnet is settlement infrastructure. This announcement is for informational purposes only, and is not an endorsement, an offer of securities, or a solicitation to invest your own capital. xStocks are not available in the US, the UK, or other restricted jurisdictions. Participation in digital asset protocols is risky – please conduct your own careful due diligence before use.
Authored by
Optimism