Justin Sun’s HTX rolls out tokenized U.S. stock spot trading with 20 assets Justin Sun announced that HTX (formerly Huobi) has launched U.S. stock-linked spot trading, listing 20 tokenized stocks and ETFs quoted against USDT beginning November 9, 2026. Sun posted on X: “US stock spot trading has officially launched on Huobi HTX,” following the exchange’s publication of a listing schedule and moves to introduce similar products on Poloniex. What’s launching - HTX added 20 tokenized assets under its bStocks series, issued on BNB Smart Chain (BSC). Contract addresses for all 20 tokens were published by the exchange. - The new lineup mixes individual large-cap names and ETFs — including leveraged products — with examples such as NVDA, TSLA, MU, INTC, AMD, GOOGL, MSTR, QQQ and TQQQ, plus tickerized assets like SNDK, SOXL, SPCX and CRCL. - Deposits opened at 08:00 UTC on November 9, with SPCX/USDT scheduled for 09:00 UTC and CRCL/USDT for 10:00 UTC; additional pairs will open as liquidity arrives. HTX has not yet announced when withdrawals will be enabled. What these tokens are — and aren’t - HTX describes the products as tokenized derivatives providing economic exposure to underlying U.S. securities. The exchange says tokens are “backed by underlying securities or other eligible assets,” with custody and redemption governed by each issuer’s documentation. - Buyers do not directly own the underlying shares, generally cannot exercise shareholder voting rights, and entitlements to dividends, stock splits or other corporate actions depend on issuer terms. - HTX warns token prices may diverge from tracked securities, especially outside regular U.S. market hours. Leveraged ETFs in the mix can behave very differently from ordinary stocks. Trading mechanics and rollout plans - The initial rollout supports the bStocks series on BNB Smart Chain. HTX uses a unified trading model that can let supported tokens for the same security share a symbol, account balance and order book across networks. The exchange said it may add more issuers and blockchains in future. - To stimulate activity, HTX launched a zero maker-fee promotion from November 9, 2026 through February 9, 2027; regular taker fees still apply. Regulatory and eligibility notes - HTX told crypto.news it “strictly adheres to applicable regulatory and compliance frameworks” and does not serve users in restricted jurisdictions per its Terms of Service, but it did not spell out which countries are eligible or confirm whether U.S. residents can access the tokenized stock products. - The announcement follows other exchanges’ pushes into tokenized securities: Binance has listed tokenized stocks tied to names like Nvidia and Tesla, and Kraken has rolled out tokenized “xStocks” and related stock trading services. Context: Sun, HTX and past regulatory actions - The launch arrives after Sun resolved a long-running legal dispute with the U.S. Securities and Exchange Commission. The SEC sued Sun and related entities in March 2023; the parties reached a settlement in March 2026 that led the SEC to dismiss its claims against Sun, Tron Foundation and BitTorrent Foundation. A separate defendant, Rainberry, was ordered to pay a $10 million civil penalty. - HTX also reached an agreement in the U.K. in October 2026 involving financial promotion restrictions with undertakings through October 2031. When asked about Sun’s prior regulatory matters, an HTX representative declined to comment, noting the company does not discuss legal matters concerning individuals. The exchange emphasized it operates independently and remains committed to asset security, market integrity and global compliance. Bottom line HTX’s tokenized U.S. stock launch expands access to crypto-native exposure to major market names and ETFs, but users should note these are derivative-style tokens with issuer-specific custody and redemption terms, limited shareholder rights, and potential pricing divergence from underlying securities. As always, geographic eligibility and withdrawal mechanics remain important details to confirm before trading. Read more AI-generated news on: https://app.chaingpt.org/news