Tokenized Stocks

Tokenized equity exposure is coming to Trade; no API is available for it yet.

Upcoming

Tokenized Stocks is upcoming and not available through any yield.xyz API today. This page describes what’s confirmed so far; API and eligibility details will be documented when the product ships.

Tokenized Stocks will add tokenized equity exposure, on-chain positions that track a real stock, to Trade. Whether a specific product requires off-chain identity verification (KYC) will depend on the underlying product and its issuer, and will be documented per product once available.

How Tokenized Stocks differs from RWAs

Yield-bearing real-world-asset products (Treasury funds, money-market funds, private credit) are already live through Earn: see Real-world assets. Those are yield opportunities entered and exited through the Yield API.

Tokenized Stocks is a different product: equity exposure, not a yield-bearing position. Classification follows the product, not the issuer, so the same issuer can offer one product through Earn’s RWA coverage and a separate product through Trade’s Tokenized Stocks once it ships.

Boundary with Perps

Hyperliquid’s HIP-3 builder-deployed markets can track an equity’s price as a perpetual futures contract. Those markets are Perps, not Tokenized Stocks: a perpetual contract gives directional price exposure with no share ownership, regardless of what price it tracks.

Next steps

Trade overview

See what’s live in Trade today.

Perps

The live product for perpetual futures, including equity-tracking HIP-3 markets.

Real-world assets

Yield-bearing RWA products available today through Earn.