Justin Sun announces that HTX has launched spot trading linked to US stocks. Starting from November 9th, the platform has introduced 20 tokenized stocks and exchange-traded funds (ETF), with USDT as the trading pairs.
Sun posted on X, saying: "Before the release of this announcement, HTX had already announced the timeline for going live, and indicated that similar trading services are also being launched on Poloniex."
These new products provide exposure to U.S. securities through blockchain-based tokens, with related assets including products linked to Nvidia, Tesla, Circle, and Strategy. Unlike traditional brokers buying stocks, customers who purchase these tokens do not directly hold shares in the related companies.
HTX launches 20 tokenized stocks, supporting USDT trading pairs
According to the launch announcement released by HTX on November 9th, the platform has added 20 new assets, including SNDK, SOXL, SPCX, CRCL, MSTR, MU, TSLA, NVDA, INTC, AMD, QQQ, TQQQ, and GOOGL.
This selection includes both individual stocks and ETF, which also encompasses leveraged products. The performance of such products may differ from that of ordinary stocks.
The deposit was originally scheduled to open at 08:00 on November 9th UTC. However, a subsequent announcement stated that the SPCX / USDT transactions would open at 09:00 on UTC, and the CRCL / USDT transactions would open at 10:00 on UTC. With the increase in liquidity, more trading pairs are expected to be launched subsequently.
The exchange has not yet announced when withdrawals will be available. The first batch of products launched supports the bStocks series issued on BNB Smart Chain. The platform has already published the contract addresses for all 20 assets.
To stimulate trading activity, HTX has launched a zero-markup promotion from November 9, 2026, to February 9, 2027. During this promotional period, the regular transaction fees will still apply.
Tokenized stocks provide price exposure, but do not directly own the stocks.
HTX A media representative confirmed that the first batch includes 20 types of tokenized stocks issued by the bStocks series and ETF.
The representative stated regarding crypto.news: “HTX has launched spot trading for 20 types of tokenized stocks and ETF assets. Initially, it supports the bStocks series on BNB Smart Chain ( BSC), providing eligible users with economic exposure to the underlying securities.”
According to the exchange's launch notice, these tokens are backed by underlying securities or other qualified assets, and the custody and redemption arrangements are subject to the relevant issuer's documentation.
However, token holders do not directly own the corresponding shares and usually cannot exercise shareholder voting rights either. Dividends, stock splits, and other corporate actions are subject to the terms stipulated by the issuer.
HTX describes these tools as tokenized derivatives and reminds users that their trading prices may differ from those of the underlying securities being tracked, especially outside of regular trading hours in the United States.
The exchange adopts a unified trading model that allows supporting tokens representing the same security to share trading codes, account balances, and order books across different networks.
Although BNB Smart Chain is the first to support networking, HTX indicates that more issuers and blockchains may be introduced in the future.
As exchanges expand US stock trading, HTX explains regional restrictions
This launch continues the trend of cryptocurrency exchanges providing traditional securities and their blockchain representations through trading platforms.
Previous reports on the tokenization of Binance stock products mentioned that products linked to companies such as Nvidia and Tesla have been launched.
An update in October regarding stock conversions discussed how eligible customers could convert their supported stock positions into the corresponding blockchain tokens.
Kraken has also entered similar markets through stock trading services and tokenized xStocks products.
When asked about the regional eligibility of the new HTX product, the exchange stated that it complies with the regulatory requirements of the markets in which it operates.
HTX states: " HTX strictly complies with the regulatory and compliance frameworks applicable in the international markets where we conduct our business. According to our service terms and compliance policies, HTX does not provide services to users in restricted jurisdictions."
The response did not specify which countries could participate in tokenized stock trading, nor did it clearly confirm whether U.S. residents could use these products.
The response from HTX also did not mention the specific details of the assets and transaction schedule on Poloniex.
HTX Refuses to comment Justin Sun Previous SEC Case
Prior to the release of this stock trading announcement, the legal dispute between Sun and the U.S. Securities and Exchange Commission (SEC) had been resolved.
SEC filed a lawsuit against Sun and several related companies in March 2023, accusing them of being involved in the issuance of unregistered cryptocurrencies and money laundering transactions.
In March 2026, regulatory authorities announced a settlement, biasedly withdrawing the charges against Sun, Tron Foundation, and BitTorrent Foundation.
On March 9, the federal court issued a final judgment, ordering another defendant, Rainberry, to pay a civil fine of 10 million dollars. The defendant agreed to this settlement, but did not admit or deny the relevant charges.
In addition, HTX also reached an agreement with the UK in October regarding financial promotion restrictions, which includes commitments that will last until October 2031.
When asked about the previous regulatory procedures for Sun, HTX refused to comment.
As a company policy, HTX does not comment on legal matters, regulatory procedures, or statements involving specific individuals.
The exchange added that it operates independently and continues to be committed to the security of user assets, market integrity, and global compliance.
