Monad Foundation announced on November 12, 2026 (15:59 UTC, 23:59 Asia/Shanghai) that tokenized equities are live on Uniswap v4 on Monad, launching with ten markets for xStocks assets: EWYx, MUx, NVDAx, QQQx, SGOVx, SKHYx, SMHx, SPCXx, SPYx, and TSLAx. The Foundation described the launch as “10 liquid markets,” though official materials reviewed for this draft do not disclose volume, total value locked, or pool depth for these markets. Uniswap and xStocks acknowledged the announcement with brief replies on the same thread.
The official xStocks products page lists all ten symbols with their full display names—including iShares MSCI South Korea xStock (EWYx), NVIDIA xStock (NVDAx), SP500 xStock (SPYx), and Tesla xStock (TSLAx)—and provides a Monad contract address for each token. Uniswap v4 deployment documentation confirms that v4 contracts, including the pool manager, position manager, and position descriptor, are deployed on Monad. The deployment documentation does not by itself prove that the ten equity pools are live or liquid; the live-markets claim originates from the Monad Foundation post.
Why It Matters
Tokenized equity spot markets on the same chain as LeverUp perpetual futures may eventually matter for hedge, inventory, or weekend-hours questions, but this announcement does not disclose volume, depth, or access rules that would establish such a change. LeverUp has not announced an xStocks or Uniswap integration as margin collateral or as listed perpetual futures. These tokens have not been announced as LeverUp margin collateral, and LeverUp has not announced perpetual futures on xStocks tickers.
The xStocks products page states that xStocks are not available in the United States or to U.S. persons, are not currently available in the United Kingdom, and are also not available in any other jurisdiction where their offer or distribution would be unlawful or would require additional registration. Geo restrictions apply, and the page links to a risk disclosure. The announcement does not specify which jurisdictions may access the Uniswap v4 markets or whether the same restrictions apply to on-chain trading.
The Monad Foundation’s November 12 post uses the term “liquid markets” without accompanying order-book snapshots, spread data, or minimum trade sizes in the official materials reviewed. Traders evaluating these markets will need to verify depth and execution quality independently. The xStocks products page does not publish historical volume or current pool sizes for the Uniswap v4 markets. Same-chain tokenized spot may eventually matter for hedge, inventory, or weekend-hours questions, but no integration has been announced for these ten tickers, and the unverified depth makes any such use case speculative at this stage.
This launch is separate from the November 10, 2026, Visa stablecoin settlement announcement on Monad, which addressed payment and stablecoin settlement rails rather than equity trading infrastructure. The xStocks launch concerns tokenized equity spot trading. Both events occurred on Monad within a 48-hour window, but the two initiatives serve distinct use cases and involve different counterparties.
Go deeper
- Tokenized Equity Trades Put Atomic Settlement Into Practice — issuer-sponsored atomic settlement on a different venue and mechanism than these Uniswap v4 markets.
- Issuer Objections Put Tokenized Stock Listings Under Pressure — a separate issuer-objection track, not this launch.
- Tokenized Stocks as Margin: Why the Haircut Is the Price of Closed Markets — weekend hours and margin-haircut questions this announcement does not answer.
On LeverUp, perpetual futures trade through a protocol-managed virtual liquidity architecture.