QQQ tokenized stock: xStocks vs bStocks — price, spread, liquidity, yield

DeFi Garden Research · Data generated 2026-10-26 20:29 UTC · Education, not financial advice.

QQQ (Invesco QQQ Trust) has 2 verified tokenized versions from 2 issuers on 2 chains (Solana, BSC). Each row below is a separate token with its own issuer, chain and terms. Only tokens whose issuer is verified from the issuer's own published list or announcement, or from an on-chain record, are included. For the live view with every pool, open QQQ in the stocks terminal.

Spread vs median of token versions compares each token with the median price per share across all token versions of QQQ, after adjusting for shares per token. It is not a premium vs the real share.

Premium vs the real share compares the token price with the price of the real share. The reference price of the real share is unavailable in this build, so the premium column shows a dash instead of a number.

QQQ verified tokenized versions compared side by side
IssuerChainPriceSpread vs median of token versionsPremium vs the real shareSupply (USD)LiquidityBest yieldCEXStructure / redemption
xStocks QQQX
Backed Assets (JE) Limited, Jersey
US persons: not eligible (source)
Solana$713.24
2026-10-26 20:23 UTC
1.0000 shares per token
Not availableReference price unavailable$60,376,303$7,130,003
Pool TVL, 6 pools
LP 23.00% · A · ↗
Pillar tiers
  • Yield stability: Medium
  • Sustainability: Medium
  • Capital stickiness: High
  • Exit liquidity: Low
Lending 0.17% · AA · ↗
Pillar tiers
  • Yield stability: High
  • Sustainability: High
  • Capital stickiness: High
  • Exit liquidity: Low
Kraken: $711.85
Gate: $713.68
Token issued by a bankruptcy-remote SPV, 1:1 collateralised (issuer wording) (source)
Mint and redeem: Issuance and redemption 24/5, aligned with U.S. equity market hours (source)
bStocks QQQB
BTech Holdings Ltd, Abu Dhabi Global Market (ADGM)
US persons: not eligible
BSC$712.63
2026-10-26 20:23 UTC
Shares per token: not published
No spread (multiplier unknown)Reference price unavailableNot available$461,659
Pool TVL, 1 pool
LP 15.76% · A · ↗
Pillar tiers
  • Yield stability: Low
  • Sustainability: High
  • Capital stickiness: High
  • Exit liquidity: Low
Binance: $713.59
Not available

Token prices are DefiLlama coins (aggregated on-chain prices). Versions with an unknown shares-per-token multiplier are shown without a spread. Supply is the token supply valued at the token price. Liquidity is DefiLlama pool TVL; ±2% depth appears only when read on-chain. Best yield is DeFi Garden's projected APY (reward emissions are discounted and the projection never exceeds the current rate), with the pool's DeFi Score rating and High / Medium / Low pillar tiers. Exchange prices are public ticker prices of the listed exchange.

What differs between versions

Facts below come from the issuers' own published documents; fields an issuer does not publish are left out.

Sources

Other tokenized stocks

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