Latest Tesla tokenized stock (xStock) (TSLAX) News Update

Deep Dive

1. Kamino Integration (14 July 2025)

Overview: TSLAX became collateralizable on Kamino Finance, a Solana-based DeFi protocol managing over $4B in assets. This allows holders to borrow against their tokenized Tesla stock or swap it on-chain, facilitated by Chainlink Data Streams for real-time pricing.
What this means: This integration broadens TSLAX’s utility beyond speculation, embedding it into DeFi yield strategies. Increased demand for collateral could tighten supply, but regulatory scrutiny may follow due to cross-chain compliance challenges.
(xStocks)

2. Gate Perpetual Trading Launch (6 July 2025)

Overview: Gate expanded its xStocks Zone to include TSLAX perpetual futures, enabling 10x leveraged long/short positions settled in USDT. The exchange reported a 539% surge in tokenized stock volumes post-launch.
What this means: Leveraged derivatives could amplify TSLAX’s volatility and liquidity, attracting speculative traders. However, perpetuals’ funding rate dynamics (averaging +0.0018%) suggest cautious optimism.
(Gate)

3. Bitrue Alpha Listing (5 July 2025)

Overview: Bitrue listed TSLAX on its Alpha platform, offering 24/7 trading via USDT pairs. The tokenized stock is backed 1:1 by Tesla shares but excludes dividends or voting rights.
What this means: Accessibility to global retail investors outside regulated jurisdictions (e.g., U.S., EU) may drive adoption, though the lack of shareholder benefits limits its appeal to pure price speculation.
(Bitrue)

Conclusion

TSLAX is bridging TradFi and DeFi through exchange listings and collateralization use cases, though regulatory ambiguity persists. Will heightened utility offset potential compliance risks as tokenized equities gain traction?

Deep Dive

1. @Gate: TSLAX perpetual futures go live bullish

"Perpetual futures for TSLAX support 1x–10x leverage, settled in USDT, enabling 24/7 global exposure without traditional broker constraints."
– Gate.io (4.2M followers · 12.3K impressions · 3 July 2025 08:22 UTC)
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What this means: This is bullish for TSLAX because it expands access to leveraged trading of Tesla equity via crypto rails, potentially increasing liquidity and speculative activity.

2. @Bitrue: TSLAX volume surges 539% bullish

"Dune Analytics data shows xStocks trading volume hit $16.5M in 3 days, driven by Tesla token demand and RWA adoption."
– Bitrue (890K followers · 8.7K impressions · 4 July 2025 12:42 UTC)
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What this means: This is bullish as surging volumes signal growing institutional interest in tokenized Tesla shares as a bridge between TradFi and crypto markets.

3. @xStocksFi: TSLAX goes DeFi bullish

"Kamino Finance now accepts TSLAX as collateral on Solana, enabling borrowing against Tesla shares in DeFi protocols."
– xStocks (49.9K followers · 2.1K impressions · 14 July 2025 16:29 UTC)
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What this means: This is bullish because integrating TSLAX into DeFi ecosystems like Kamino ($4B TVL) enhances utility beyond spot trading, creating new yield opportunities.

Conclusion

The consensus on TSLAX is bullish, fueled by exchange adoption, volume growth, and DeFi integration. However, watch for regulatory developments—the SEC’s stance on tokenized equities could impact this $16.5M trading niche. Monitor daily open interest in TSLAX perpetuals on Gate.io as a liquidity health check.

Deep Dive

1. DeFi Collateral Expansion (Q1 2026)

Overview:
Following TSLAX’s July 2025 integration with Kamino Finance on Solana—where it became usable as collateral—the xStocks Alliance aims to expand into other DeFi platforms. This would let users leverage TSLAX in decentralized lending markets, mirroring traditional margin accounts but with blockchain’s 24/7 accessibility.

What this means:
This is bullish for TSLAX because deeper DeFi integration could increase utility-driven demand, particularly from traders seeking leveraged exposure to Tesla’s stock price without traditional brokerage constraints. However, reliance on volatile crypto lending markets introduces liquidity risks.

2. Cross-Chain Interoperability (2026)

Overview:
xStocks tokens like TSLAX are currently available on Solana and Ethereum. Backed Finance plans to enable cross-chain transfers via bridges, allowing seamless movement between networks. Chainlink’s Data Streams will verify pricing and corporate actions (e.g., stock splits) across chains.

What this means:
This is neutral-to-bullish, as cross-chain functionality could broaden TSLAX’s user base and liquidity. However, technical complexities and potential bridge vulnerabilities (e.g., smart contract exploits) remain key hurdles.

3. xStocks Alliance Growth (Ongoing)

Overview:
The xStocks Alliance—a coalition including Backed Finance, Gate.io, and Kamino—aims to onboard more DeFi protocols and TradFi institutions. Priorities include standardizing RWA tokenization and lobbying for clearer regulatory frameworks.

What this means:
This is bullish long-term, as institutional partnerships could legitimize tokenized stocks and attract capital. However, regulatory scrutiny (especially in the U.S. and EU) may slow adoption.

Conclusion

TSLAX’s roadmap focuses on deepening DeFi utility, cross-chain flexibility, and ecosystem partnerships to position tokenized equities as a bridge between traditional and crypto markets. While these steps could enhance liquidity and global access, regulatory shifts remain the largest wildcard. How might evolving securities laws impact TSLAX’s availability outside restricted jurisdictions?

Deep Dive

1. Kamino Collateral Integration (14 July 2025)

Overview: TSLAX holders can now borrow against their positions or swap tokens on Kamino Finance, Solana’s leading DeFi platform with $4B+ in assets.

This integration required smart contract updates to enable TSLAX as collateral, expanding utility beyond simple trading. Kamino’s unified lending/leverage system now accepts SPYx, NVDAx, and TSLAx, linking real-world asset (RWA) liquidity to DeFi yield strategies.

What this means: This is bullish for TSLAX because it unlocks new use cases for tokenized stocks in decentralized finance, potentially increasing demand from yield-seeking investors. (Source)

2. Chainlink Oracle Upgrade (14 July 2025)

Overview: xStocks partnered with Chainlink to deploy Data Streams, ensuring real-time stock price accuracy and corporate action verification.

The upgrade addresses slippage risks in volatile markets by providing sub-second price updates. It also enables cross-chain transfers of tokenized stocks while maintaining compliance with underlying equity regulations.

What this means: This is neutral for TSLAX but critical for long-term adoption, as reliable oracles reduce manipulation risks and help bridge TradFi reliability with blockchain efficiency. (Source)

3. Multi-Chain Expansion (3 July 2025)

Overview: TSLAX launched native Solana (SPL) and Ethereum (ERC-20) versions, simplifying cross-chain transfers via bridges like Wormhole.

The dual-chain approach lets traders choose between Solana’s low fees and Ethereum’s liquidity. Gate.io’s July 3 listing used Solana addresses for deposits, while Bitrue’s July 4 integration emphasized ERC-20 compatibility.

What this means: This is bullish for TSLAX because multi-chain accessibility broadens its investor base and reduces transaction friction, though regulatory uncertainty remains. (Source)

Conclusion

TSLAX’s codebase advancements focus on DeFi interoperability (Kamino), data reliability (Chainlink), and multi-chain flexibility – key drivers for RWA tokenization. While technical upgrades enhance utility, how will evolving global regulations impact cross-chain stock tokenization?