KuCoin has expanded its tokenized-equity offering with five USDT trading pairs linked to Amazon, Coinbase, Intel, Meta and Nvidia. The exchange said AMZNX, COINX and METAX opened at 10:00 UTC on November 2, while INTCX and NVDAX followed at 11:00 UTC. Each launch used a one-hour call auction before continuous trading. Deposits were enabled through the Solana SPL network, and KuCoin added the pairs to several automated trading tools when spot trading began, including grid, dollar-cost averaging and portfolio-rebalancing services.

Five technology-linked products enter the spot market

The new pairs are AMZNX/USDT, COINX/USDT, INTCX/USDT, METAX/USDT and NVDAX/USDT. Their reference companies span e-commerce, cryptocurrency infrastructure, semiconductors, social media and artificial intelligence hardware. KuCoin's announcement makes this a confirmed exchange listing rather than an inferred pair detected from market data. Independent coverage from Traders Union also reported the five-product launch and the November 2 trading schedule.

Related reporting: NaoX Protocol Gets KuCoin Spot Listing at 10:00 UTC

The tokens track shares but are not the shares themselves

xStocks describes the instruments as tokenized tracker certificates issued by Backed Assets (JE) Limited. The issuer says each token is collateralized one-for-one by the corresponding underlying security held through segregated custody arrangements. Its documentation classifies the products as certificates governed by Swiss law under a base prospectus approved in Liechtenstein. That structure is designed to maintain price exposure to the referenced stock, but it does not make a token holder a registered shareholder of Amazon, Coinbase, Intel, Meta or Nvidia. xStocks' official materials say the products provide price exposure and do not confer voting or shareholder rights.

Secondary-market trading adds different risks

The exchange pairs can trade outside traditional U.S. market hours, depending on platform availability. That does not guarantee that an xStock will always match the underlying share price. xStocks says secondary-market prices are determined by supply and demand on each venue, while direct issuance and redemption operate under separate eligibility, identity-verification and minimum-size requirements. Dividends and stock splits are handled through token-balance adjustments rather than ordinary brokerage-account entries. Investors also face exchange, blockchain, custody, liquidity and issuer risks that do not arise in exactly the same way when holding ordinary brokerage shares.

U.S. users are specifically excluded

Despite tracking five U.S.-listed companies, the products are not available to U.S. persons. KuCoin's notice excludes the United States and a long list of additional countries and regions, including the United Kingdom, Canada, Australia, Singapore, Hong Kong and European Union member states. Backed Assets likewise says the securities are not registered under the U.S. Securities Act and may not be offered or delivered in the United States or to U.S. persons. Availability therefore depends on both the issuer's rules and KuCoin's jurisdiction controls.

The listing broadens access, not legal ownership

The launch shows how crypto exchanges are turning familiar equity exposure into transferable blockchain instruments. Solana deposits can make the products easier to move between compatible wallets and services, while USDT pairs give exchange users a crypto-native trading route. The practical importance is access for eligible non-U.S. users, not a change to the companies' capital structures. The five firms did not issue the tokens, and the listing does not represent an endorsement by Amazon, Coinbase, Intel, Meta or Nvidia. Users should verify the exchange's contract details and regional eligibility before transferring any asset.

Sources

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