Part 1 Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide
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61% through historical range
43.26% above ATL and 16.34% below ATH
Showing 10 spot markets sorted by CoinMarketCap exchange rank. Markets excluded from CMC price or volume calculations are hidden.
| Pair | |||||
|---|---|---|---|---|---|
| 1 | TSLAX/USDT | $418.96 | $12.55K | 533 | |
| 2 | TSLAX/USDT | $418.90 | $17.11K | 573 | |
| 3 | TSLAX/USDT | $418.59 | $56.99K | 345 | |
| 4 | Meteora DLMM | SOL/TSLAX | $86.94 | $5.22K | 153 |
| 5 | Meteora DLMM | USDC/TSLAX | $1.01 | $403 | 231 |
| 6 | Raydium (CLMM) | USDC/TSLAX | $1.00 | $109.63K | 457 |
| 7 | Raydium (CLMM) | SOL/TSLAX | $87.25 | $24.24K | 295 |
| 8 | Orca | USDC/TSLAX | $1.00 | $36.95K | 225 |
| 9 | Orca | SOL/TSLAX | $85.82 | $1 | 6 |
| 10 | BingX | TSLAX/USDT | $418.96 | $57.49K | 476 |
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Tesla xStock (TSLAX) is a tokenized tracker certificate that mirrors the performance of Tesla, Inc. (NASDAQ: TSLA) stock, allowing cryptocurrency investors to gain compliant, on-chain exposure to one of the world’s most traded equities. Issued by Backed Assets, TSLAX operates across both the Ethereum (ERC-20) and Solana (SPL) networks, combining the transparency and efficiency of blockchain with the regulatory structure of traditional finance.
Tesla xStock is a tokenized equity product designed to replicate the value of Tesla’s publicly traded shares on-chain. Each TSLAX token tracks the real-time market price of Tesla, Inc., backed by underlying Tesla shares held with regulated custodians.
The token allows eligible, non-U.S. investors to access equity markets through decentralized finance (DeFi) platforms without the need for a traditional brokerage account. This hybrid structure enables seamless integration between traditional assets and crypto-native trading ecosystems.
Each Tesla xStock token functions as a digital representation of Tesla’s equity value. The issuer, Backed Assets, holds the equivalent Tesla shares in custody through regulated financial institutions. Smart contracts then issue blockchain tokens that reflect the price movements of Tesla stock in near real time.
Holders can transfer or trade TSLAX tokens just like any other crypto asset. The token’s multi-chain deployment means users can participate in DeFi applications on Ethereum or Solana, leveraging liquidity pools, lending protocols, or cross-chain bridges.
Tesla, Inc. is an American electric vehicle and clean energy company founded by Elon Musk. The company designs and manufactures electric vehicles, battery energy storage solutions, and renewable energy systems. Tesla’s leadership in innovation and sustainable energy has made its stock one of the most actively traded equities in global markets.
Tokenized equities like TSLAX represent a growing segment in blockchain finance — a bridge between traditional capital markets and the decentralized economy. They enable investors to diversify portfolios, access global assets without intermediaries, and trade around the clock.
By tokenizing real-world assets such as Tesla stock, projects like TSLAX are paving the way for a more open, inclusive, and programmable financial system.
TSLAX is structured to comply with European and international financial regulations governing digital securities. The product is not available to U.S. residents or users from restricted jurisdictions, ensuring alignment with securities laws and investor protection frameworks.
Tesla xStock (TSLAX) represents a key innovation at the intersection of blockchain and traditional finance. By enabling compliant, tokenized exposure to Tesla’s equity, TSLAX combines the best of both worlds — the trust and stability of regulated assets with the flexibility, composability, and transparency of decentralized technology.
As of May 20, 2026, Tesla Tokenized Stock trades at $415.87.
Tesla Tokenized Stock has a market capitalization of $93,690,084.03.
Tesla Tokenized Stock has a 24-hour trading volume of $8,244,978.67.
Tesla Tokenized Stock reached an all-time high of $497.08, recorded on Dec 22, 2025. It is currently 16.34% below its all-time high.
Tesla Tokenized Stock recorded an all-time low of $290.28, recorded on Jul 7, 2025. It is currently 43.26% above its all-time low.