Svmuu News: According to an official announcement, OKX will soon launch its first batch of tokenized U.S. stock spot trading on July 16. Users can hold and trade price exposure to underlying stocks or ETFs in units of “shares,” with assets named by prefixing the stock ticker with an “X” (e.g., XNVDA, XTSLA). Deposits and withdrawals are available via the Solana and X Layer networks, with 24/7 trading supported; trading pairs are denominated in USDT.
Reportedly, this product offers year-round trading; during non-trading hours, prices are calculated based on the latest closing price plus market estimates; Positions—including spot holdings and stock perpetual contracts—are consolidated in a single account, with trading conducted directly in USDT without the need for a brokerage account; the platform supports automated trading via strategy bots such as dollar-cost averaging and grid trading, and dividends will be reinvested at the issuer level and returned in the form of additional shares.