Global access to tokenized stocks accelerated in 2025 as exchanges, issuers, and custodians converged on faster settlement, 24/7 trading, and broader cross‑border availability. Tokenized stocks are blockchain-based representations of traditional equities, allowing investors to trade fractional shares of real-world assets like US stocks, around the clock, across global venues. Liquidity continues to deepen: Webopedia’s 2025 xStocks roundup noted SPYX (a tokenized S&P 500 ETF tracker) reaching roughly $10.3 million in tokenized market cap by mid‑2025, alongside growing listings for AAPLX, COINX, and others. For non‑US investors, the “best” platform hinges on jurisdictional eligibility, custody preferences, and the need for crypto settlement or institutional‑grade safeguards. This guide reviews the leading platforms and how to choose the right fit.

ToVest: Leading Platform for Global Tokenized Stock Trading

ToVest bridges traditional market exposure and blockchain-native access so global investors can trade tokenized US stocks and other real‑world assets with secure, data-rich tools and fast settlement. The platform delivers real‑time market data, fractional ownership, crypto and fiat funding, and advanced features such as margin and leverage—backed by robust security and comprehensive portfolio analytics for both retail and institutional investors. For background on our mission and infrastructure, see the ToVest overview.

Primary features at a glance:

Kraken: Major Exchange with Deep Liquidity and Multi-Blockchain Support

Kraken is a high‑liquidity venue where many international traders access popular xStock tickers such as SPYX, AAPLX, and COINX across multiple chains, benefiting from deep pools and broad usage highlighted in Webopedia’s 2025 xStocks analysis. Its familiar interface, mature fiat on/off ramps, and large user base make it approachable for newcomers to tokenized equities. Non‑US users should confirm local eligibility and be aware that certain products may face periodic jurisdiction‑based restrictions.

Bybit: Crypto-Native Tokenized Stock Venue with 24/7 Trading

Bybit offers round‑the‑clock tokenized stock trading with seamless crypto settlement—ideal for users who want to buy, sell, or rebalance outside traditional market hours. It supports leading xStocks like COINX and AAPLX, leverages deep crypto liquidity, and typically settles in stablecoins such as USDT. For many global investors, fast onboarding without a local brokerage account is a key advantage, as noted in Bybit’s tokenized stock overviews.

Backed Finance: Swiss-Regulated Issuer with Strong Compliance Focus

Backed Finance operates as a Swiss‑regulated issuer of tokenized stocks and ETFs, collaborating with regulated custodians to safeguard underlying assets and provide clear, auditable backing. Popular token standards include ERC‑20 on Ethereum and SPL on Solana—protocols that define how tokens are issued and moved, enabling multichain listings and broad wallet compatibility. For cross‑border investors, rigorous compliance, proof‑of‑reserves, and transparent legal structures from issuers like Backed help ensure reliable asset backing and regulatory clarity, as emphasized in CoinGape’s RWA platform review.

Securitize Markets: Institutional Custody and Compliant Token Issuance

Securitize Markets combines US registration with multichain issuance (ERC‑20 and bridging) and integrations with leading institutional custody providers such as Anchorage, BitGo, Fireblocks, and Copper, according to CoinGape’s institutional RWA coverage. Institutional custody refers to a regulated third party that holds digital assets on clients’ behalf, providing audited controls, segregation, and regulatory assurance. That makes Securitize a strong fit for institutions and compliance‑centric investors seeking legal enforceability and enterprise‑grade operations.

Coinbase and Coinbase Prime: Institutional-Grade Tokenized Asset Access

Coinbase’s consumer and Prime platforms deliver broad international reach and institutional infrastructure. Public figures cited in 2025 include roughly 108 million verified users across 100+ countries, about $1 trillion in annualized trading volume, and over $425 billion in assets held, as summarized by The Motley Fool’s coverage of blockchain leaders. Prime users benefit from negotiated fees, detailed reporting, and cold‑storage security. Availability varies by jurisdiction and product, so confirm local eligibility before onboarding.

Solana-Based DEXs and Multichain Venues: Fast, Cost-Effective Token Trading

A decentralized exchange is a peer‑to‑peer trading venue without a central intermediary, often enabling lower fees, rapid settlement, and self‑custody. Solana‑based DEXs are popular launchpads for xStocks such as AAPLX, SPYX, and CRCLX thanks to sub‑second finality and low transaction costs, trends documented in Webopedia’s 2025 xStocks guide. Keep in mind that listings often span multiple chains and DEXs, which can fragment liquidity and require careful venue selection for best execution.

How to Choose the Best Tokenized Stock Platform as a Non-US Investor

Consider these factors when evaluating platforms:

• Regulatory standing and where they’re allowed to serve you

• Liquidity depth, fees, spreads, and supported asset range

• Custody model (self, third‑party, institutional) and investor protections

• Funding rails (crypto, bank, card), settlement speed, and analytics

• Transparency on asset backing, audits, and proof‑of‑reserves

Comparison snapshot for non‑US investors:

Before funding an account, verify token legitimacy (custody disclosures, audits, proof‑of‑reserves) and confirm the most current access lists and regional policies, a best practice echoed in XBTO’s 2025 RWA use‑case analysis.

Frequently Asked Questions

What are the advantages of investing in tokenized stocks?

Tokenized stocks provide 24/7 trading, fractional ownership, and global access without needing a traditional brokerage, simplifying cross‑border exposure to US equities.

How do liquidity and trading hours differ on tokenized stock platforms?

Trading is continuous, and while liquidity tends to cluster in leading tickers, you can execute and rebalance outside regular market hours.

What security and custody features should investors look for?

Investors should prefer regulated custody arrangements, transparent proof‑of‑reserves, and routine audits to validate asset backing and safeguard holdings.

How does regulation impact access to tokenized stock platforms worldwide?

Local rules determine which platforms and products are available to you and set KYC, disclosure, and investor‑protection requirements.

Can non-US investors use leverage or margin trading on these platforms?

Yes, some platforms offer margin and leverage to non‑US users, subject to local laws and platform‑specific eligibility.