Jack Levin announced it the way he announces most things: one line on X and a screenshot of the Warp bridge token list, which now has a stocks section.
SPCX, META, TSLA, COIN, PLTR, NVDA, AMD, SPY stonks are on #X1.
That was the whole announcement. His list names eight tickers, but the bridge carries nine: Alphabet (GOOGL.X) was registered in the same batch. As of this afternoon, all nine tokenized stocks that X1 Labs had prepared are open on the bridge: Tesla, NVIDIA, the S&P 500, Meta, Alphabet, AMD, Coinbase, Palantir and SpaceX. Anyone holding one of those xStocks on Solana can now bridge it to X1.
Promise kept, again
Yesterday, when NVIDIA followed Tesla onto X1, Levin signed off with "More stonks are coming." We reported then that seven more mints already existed on X1 mainnet. Each had published metadata and a logo, but its supply was zero and there was no bridge route to it. Until a route existed, nobody could bring those stocks across.
Today the routes went live. Between 18:42:05 and 18:44:03 UTC on 15 September, X1's Warp bridge program (6JbPTuxVuoTgyQeXFb9MH8C8nUY8NBbLP1Lu4B13JfMD) executed seven RegisterToken instructions, one per ticker, each through a multisig vault transaction. The order was SPCX.X, SPY.X, COIN.X, META.X, GOOGL.X, AMD.X and PLTR.X. The bridge's public config now lists all nine stocks on both the Solana and X1 sides, and none of them is paused.
That makes three deliveries in a week. On 8 September Levin said stocks would trade on X1. Tesla arrived on the 11th, NVIDIA on the 14th, and the other seven today. Each time, the tokens were on-chain within days of him saying so.
What went live
| Stock | On Solana | On X1 | Daily cap | ≈ USD per day |
|---|---|---|---|---|
| Tesla | TSLAx | TSLA.X | 25 | $8,900 |
| NVIDIA | NVDAx | NVDA.X | 50 | $10,600 |
| S&P 500 | SPYx | SPY.X | 13 | $9,900 |
| Meta | METAx | META.X | 15 | $10,100 |
| Alphabet | GOOGLx | GOOGL.X | 29 | $10,000 |
| AMD | AMDx | AMD.X | 20 | $10,100 |
| Coinbase | COINx | COIN.X | 54 | $9,300 |
| Palantir | PLTRx | PLTR.X | 58 | $10,000 |
| SpaceX | SPCXx | SPCX.X | 67 | $9,600 |
The caps all follow one pattern. Each is set as a number of tokens, and at today's xStock prices every one works out to about $10,000 a day. That is the same daily limit the bridge sets for USDC. The cap counts transfers in both directions together. A single transfer can be at most half the daily cap, about $5,000, and at least about $10. Stock transfers pay a 0.25% fee taken in the token itself, while USDC transfers pay a flat 1 USDC.
Small caps like these limit how much could go wrong on a brand-new route. They also mean nobody is moving a large stock position onto X1 in one day yet.
Where supply stands
An open route does not mean anyone has used it. At the time of writing, only two of the nine stocks have any supply on X1: TSLA.X with 1.49 tokens and NVDA.X with 0.55. The other seven routes have been open for a few hours and have minted nothing so far. The first person to bridge META or the S&P 500 will be its only holder on X1.
Trading is thinner still. XDEX lists one stock pool, the TSLA.X/XNT pair, with about $200 of liquidity. None of the other eight has a pool on XDEX yet, and that includes NVDA.X.
Anyone can watch the bridge. X1 Prism's bridge dashboard tracks every Warp transfer. It has a Stocks filter covering all nine tickers, shows how much of each daily cap has been used, and lists inflows and outflows as they happen. When the first META.X or SPY.X arrives, it will show up there before anyone announces it.
What happens when stocks trade on X1
Nobody knows yet, and that is what makes this interesting.
Stock markets close. X1 doesn't. The tokens can move at any hour, but the issuer mints and redeems them only on weekdays, in step with US market hours. A stock pool on XDEX would keep trading through the weekend, when Nasdaq is closed and there is no official price to check against. Weekend prices on-chain would be traders' guess at Monday's open. With pools this small those guesses will be noisy, but a reliable weekend quote is something the stock exchanges themselves cannot offer.
What a stock is paired with matters. Tesla's only pool is priced in XNT, which fell sharply on the day this article was written. Anyone trading that pool is exposed to two prices at once: Tesla's and XNT's. A stock priced in USDC.X, which crosses the same bridge, would follow the share price directly. No such pool exists yet. Anyone can create one on XDEX, and while a pool has a single liquidity provider, that provider earns all of its swap fees.
A whole index is on the list. SPY.X puts an S&P 500 fund in one token. Together with the eight individual stocks, a builder has the pieces for simple portfolios, for trades that pit one stock against the index, or for baskets packaged as vaults. SPY is also the only one of the nine that pays a regular quarterly dividend. xStocks don't pay dividends in cash. They adjust a multiplier that raises what each token is worth, as we explained in the Tesla piece. SPY.X will be the first real test of whether that adjustment carries over to X1 cleanly.
Collateral is the bigger prize. On Solana, lending markets already accept xStocks as collateral. A lending market on X1 that accepted NVDA.X or SPY.X against USDC.X would let holders borrow without selling their stock. Building one would take a price feed that understands market hours, and far more liquidity than X1 has today. The assets are now in place; nobody has built the market yet.
The fine print
The underlying products have not changed. xStocks are certificates issued by Backed Assets and backed 1:1 by shares held with a regulated custodian. They are not the shares themselves and come with no voting rights. The X1 tokens are lock-and-mint wrappers: the original token is locked on Solana, and X1 mints a matching token against it. According to the bridge config, seven guardians secure the bridge and any five of them must sign each transfer. That is a trust assumption, the same one behind USDC.X, wSOL and cbBTC on X1. And a price in a pool holding a few hundred dollars says nothing about the company behind the stock.
A week ago, stocks on X1 were a single line in a Telegram channel. Today nine of them are live on the bridge, and anyone can bring one across. What traders and builders do with them comes next.