XPlace Adds Support for xStocks as Borrowing Collateral

Eligible users can borrow against xStocks representing Apple, Tesla, Nvidia and Google, alongside BTC, ETH and SOL.

XPlace has added support for tokenized equities through xStocks, allowing eligible users to borrow against supported stock tokens without selling them.

From Aug. 19, users can hold and manage xStocks representing companies including Apple, Tesla, Nvidia and Google alongside crypto assets on the platform. The tokenized shares can also be used as collateral for borrowing.

XPlace already allows users to borrow against cryptocurrencies including Bitcoin, Ethereum and Solana.

“People increasingly hold wealth across crypto, equities and other on-chain assets, but the products available to them still treat those holdings as separate worlds,” said Artem Ponomarev, founder and CEO of XPlace. “By adding support for xStocks, we are giving eligible clients one interface through which they can manage more of their portfolio, put supported assets to work as collateral and access spending power while choosing to remain invested. This is an important step in XPlace’s evolution from a crypto card into a broader self-directed digital wealth platform.”

Collateral deposited through the platform can continue to generate variable yield through Kamino’s markets, with rates changing according to market conditions.

XPlace is also introducing fixed borrowing rates this week. Apart from that option, borrowing against xStocks works in the same way as borrowing against crypto already does on the platform.

Users decide when to trade, deposit or borrow, with XPlace providing the interface for those transactions.

According to publicly available on-chain data, xStocks have processed more than $37 billion in cumulative transaction volume across exchanges and on-chain activity. More than $13.7 billion of that volume has been settled directly on-chain.

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