xStocks Beginner's Guide: How to buy tokenized stocks of Google's parent company GOOGLX on Gate?

In July 2025, a wave of xStocks listings swept through major global Crypto Assets exchanges. With this innovative product, users in Africa, the Middle East, or Asia can purchase tokenized stocks of giant companies such as Google, TSL, and Apple simply by holding USDT, completely freeing themselves from geographical limitations and the constraints of traditional trading hours.

Among many trading platforms, Gate launched the world's first dual market for tokenized stock spot and contracts on July 3, becoming the preferred platform for operating xStocks. As of August, Gate has listed over 60 types of stock tokens, covering a diverse range of assets from tech giants to ETFs, with an average daily trading volume exceeding 100 million USD.

##What is xStocks?

xStocks is a tokenization stock solution launched by the Swiss compliant platform Backed Finance, which converts real publicly listed company stocks into digital assets that can be freely traded on the blockchain through 1:1 fully collateralized.

Each Token strictly corresponds to a specific company's stock (e.g., GOOGLX represents Alphabet stock), with the underlying stocks held in custody by a Swiss licensed bank and regularly subjected to on-chain audits.

Compared to traditional stocks, xStocks' core breakthroughs lie in three main features:

• 24/7 Trading: Break through the traditional stock market time constraints of 9:30 AM - 4:00 PM EST, supporting 24/7 trading, with major market movements responding at any time.
• Fragmented Investment: Supports a fractional share mechanism starting from a minimum purchase of 10 USD, significantly lowering the entry threshold for blue-chip stocks.
• On-chain free circulation: Tokens are issued based on ERC-20 and Solana SPL dual standards, and can be transferred to wallets or DeFi protocols to participate in scenarios such as staking and lending.

What is GOOGLX? Alphabet's on-chain avatar

GOOGLX is a tokenized certificate of Alphabet (Google's parent company) stock, strictly tracking its price performance on NASDAQ.

As of August 13, 2025, according to Gate market data, the price of GOOGLX is approximately $203.76, with a trading volume exceeding $16.22 million in the past 24 hours, and liquidity ranks among the top in the xStocks ecosystem.

GOOGLX operates on a high-performance blockchain network, where Solana provides the capability of tens of thousands of transactions per second, ensuring instant transaction confirmation; at the same time, it relies on the security and stability of the Ethereum network to form a complementary architecture.

Independent audit institutions regularly verify reserves, ensuring a 1:1 correspondence between tokens and stock reserves through on-chain verifiable encryption evidence, eliminating the risk of excessive issuance.

Step-by-step Guide: Purchase GOOGLX in the Gate xStocks Section

Preparation

• Registration and Verification: Visit Gate.com (non-restricted areas) to complete account registration.
• Fund Recharge: Deposit USDT into Gate 【Spot Account】 (supports multi-chain deposits) as the base currency for purchases.

four-step purchase process

1. Enter the area: After logging into your Gate account, click on the top 【Trading】 → Select 【xStocks Spot Area】.
2. Search trading pair: Enter GOOGLX/USDT in the search box, or directly visit the GOOGLX page in the xStocks section.
3. Place an order to buy:

• Market Order: Execute immediately at the best price
• Limit Order: Set the ideal purchase price (e.g., $180) to be triggered.
• Enter the purchase amount (minimum $10, fractional shares supported)

4. Confirm Position: After the transaction is completed, check the GOOGLX balance and floating profit and loss on the [Assets] page.

value-added skills (optional)

• Participate in Gate's limited-time event, trade xStocks for a chance to receive 100 USDT + 10 GT rewards.
• Use up to 10x leverage to long/short GOOGLX in the xStocks contract market (please pay attention to risk control).

Why Choose xStocks? Analysis of Core Advantages

Revolutionary tool for global financial inclusivity: African investors can still trade Apple stocks after the New York market closes, and Middle Eastern users can allocate stock assets without local brokers. Global users can purchase traditional stocks with one click using USDT, without the need for a stock brokerage account.

Settlement Efficiency Revolution: Transaction confirmations have been shortened from the traditional T+2 days in finance to seconds on-chain, with asset utilization increased by over 10 times.

Composite financial functions: Holding GOOGLX can serve as collateral to borrow stablecoins, achieving an innovative income model of "holding stocks for interest," which cannot be realized in traditional stock accounts.

Portfolio Diversification: For crypto-native users, xStocks offers a pathway to incorporate hedging traditional stocks into a crypto assets portfolio, effectively diversifying industry volatility risks.

Risk Warning: Be Aware of Three Major Challenges

Regulatory Uncertainty: The SEC has not yet recognized the legality of tokenized stocks, and the policies in Switzerland and Singapore are still evolving. Currently, xStocks is deliberately not launching in the US and is only open to non-US users.

Equity difference: Holding GOOGLX has no voting rights in Alphabet Inc., and dividends are reflected indirectly through token value adjustment, rather than direct cash dividends.

Technical and liquidity risks: Extreme market conditions may result in a short-term price difference of 2%-5%. Some tokens have insufficient on-chain liquidity — — 60% of xStocks daily trading volume is concentrated in the top 6 assets.

Platform Dependency Risk: The security of assets relies on the operational status of the Gate platform and cooperative custodians (such as Backed Finance), and it is necessary to choose a reputable exchange.

##Future Outlook

As the daily trading volume of xStocks exceeds 100 million USD, this fusion model is driving crypto finance from "marginal experimentation" to "institutional integration."

In the future, as more traditional assets are tokenized and brought onto the blockchain, the seamless experience of "one wallet, invest globally" will become the standard configuration for the new generation of investors.

For ordinary investors, GOOGLX is not just a ticket to Alphabet's growth dividends, but also an important medium for participating in the evolution of the financial system. As crypto analyst Max said: "On-chain stock trading is not a replacement for traditional markets, but is creating a more inclusive parallel universe."