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Tokenized US stocks in the United States

Short answer: we don't know of a tokenized stock app that accepts people living in the United States right now. Here's why, and what to keep an eye on.

Updated

US stocks: your options in the United States

Crypto rules in the United States

You can legally buy and hold crypto in the US. How it's regulated depends on the asset: the SEC treats crypto that counts as a security differently from crypto that doesn't.

Money and tax in the United States

Local currency: US dollar (USD).

Paying and sending money abroad: You don't need to send money abroad: a registered US brokerage account lets you buy real US stocks and ETFs directly.

Tax: The IRS treats crypto as property, not currency. Selling or swapping it can create a capital gain or loss you need to report.

What you're actually buying

A token that tracks a real US share 1:1. The issuer holds the actual shares; you hold the token. Price moves and reinvested dividends, yes. Voting rights and a seat at the shareholder meeting, no.

More on how tokenized stocks work

Good to know in the United States

  • The upside of living in the US: you can buy real US shares at any SEC-registered broker, with full shareholder rights, so you don't need tokens at all.
  • FINRA's free BrokerCheck tool lets you look up a broker before you sign up.
  • xStocks, the stock tokens sold on Pump.fun and Kraken, aren't offered to people living in the United States, so we don't list them here.
  • Gains may be taxable. A local tax adviser can tell you how.

Who regulates this

Questions people ask

Do I need tokens to buy US stocks in the US?

No. A registered brokerage account lets you buy real US stocks and ETFs.

Is swapping one crypto for another taxable in the US?

Yes. The IRS says swapping can be a taxable sale even if you never receive dollars.

Are tokenized US stocks legal in the United States?

Honestly, it depends on the product and on the United States's own rules for securities, crypto and moving money abroad. We haven't finished checking the United States yet, so we're not making a legal call. The regulator linked on this page is the best place to check.

Do I own the actual shares?

Usually not directly. With xStocks, the issuer holds the real shares and you hold a token that tracks them. Other products work differently — some are just contracts tracking the price. Voting rights and cash dividends are normally not included.

Can I use a VPN if an app blocks the United States?

Please don't. Getting around location blocks, sanctions or ID checks breaks the app's rules, can get your money frozen, and may be illegal.

Sources (9)
  1. 1.
    U.S. Securities and Exchange Commission (SEC)

    U.S. Securities and Exchange Commission (SEC) · regulator

  2. 2.
    FINRA

    FINRA · regulator

  3. 3.
  4. 4.
    Pump.fun Fees page

    Pump.fun · platform

  5. 5.
  6. 6.
    xStocks partner FAQ

    xStocks · official

  7. 7.
    Digital assets

    Internal Revenue Service · official

  8. 8.
    Crypto asset custody basics for retail investors (December 2025)

    U.S. Securities and Exchange Commission · regulator

  9. 9.
    Brokerage accounts

    U.S. Securities and Exchange Commission · regulator

Last updated .

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