sXOP, issued by Stablestocks Lab Limited, is a tokenized equity representing one unit of an exchange-traded fund, each token backed 1:1 by a real fund unit held in custody with licensed brokers. [S1][S2]

sXOP tracks the State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP), a price-tracking sToken whose balance is fully backed by one underlying fund unit per token held with licensed brokers. [S1][S2] If the underlying issues a distribution and eligibility requirements are met, holders receive a corresponding amount through pass-through economic rights, without voting rights. [S1] StableStock charges a Service Fee of 0.1% of the transaction amount, alongside upstream broker, settlement, and regulatory per-share fees. [S3]

Stablestocks Lab Limited, brand StableStock, is incorporated in the British Virgin Islands and operates from Singapore. [S2][S4] It does not hold financial-services licenses and disclaims being a regulated financial entity, relying on licensed broker partners holding an Australian Financial Services Licence (AFSL), a Hong Kong Securities and Futures Commission (SFC) Type 1 License, and U.S. Money Services Business (MSB) registration. [S4][S2][S5] Each token is the tokenized representation of a real fund unit redeemable at any time by burning to retrieve the underlying. [S1][S2] Tokenized equities are offered only to Qualified Investors and are barred from U.S. persons. [S4][S3]

sXOP is issued and tradable on BNB Chain through a liquidity partnership between StableStock and Native. [S1][S6] Tokens are minted 1:1 when shares are deposited into StableBroker and burned on redemption, with stablecoins (USDT/USDC) used as the settlement layer. [S1][S7] Mint, Burn, Buy, and Sell records are written onchain, and reserve coverage is verified through weekly assurance reports. [S8]

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  retrievedAt="2026-06-18"
  items={[
    { id: "S1", url: "https://stablestock.gitbook.io/ss/concepts/stokens" },
    { id: "S2", url: "https://stablestock.gitbook.io/ss/llms-full.txt" },
    { id: "S3", url: "https://stablestock.gitbook.io/ss/concepts/spot/fee.md" },
    { id: "S4", url: "https://stablestock.gitbook.io/ss/legal/terms_of_use.md" },
    { id: "S5", url: "https://stablestock.gitbook.io/ss/introduction/trust-and-security.md" },
    { id: "S6", url: "https://stablestock.gitbook.io/ss/concepts/stokens.md" },
    { id: "S7", url: "https://stablestock.gitbook.io/ss/solution/our-model.md" },
    { id: "S8", url: "https://stablestock.gitbook.io/ss/concepts/transparency" },
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Tokenized stocks

StableStock earns revenue from transaction fees on sStock issuance and redemption via its StableBroker product, and from the spread between deposit/withdrawal flows. Distribution is direct-to-retail (StableBroker app) and B2B via wallet/exchange integrations on BNB Chain.

StableStock issues sStock tokens — ERC-20 tokens on BNB Chain backed 1:1 by the underlying U.S. equity or ETF held at a licensed custodian. The product catalog spans 500+ tokenized stocks and ETFs (e.g. sAAPL, sNVDA, sTSLA, sQQQ) including newly-IPO'd names like sCRCL (Circle) and sBLSH (Bullish) and leveraged/inverse exposures. All sStocks are deployed as BeaconProxy contracts from a single upgradeable factory.

StableStock is an onchain stock asset platform that lets users buy and trade U.S. stocks and ETFs using stablecoins. StableStock is the issuer of sStock tokens — tokenized representations of equities — and is backed by YZi Labs (formerly Binance Labs) among others.

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Real-world asset (RWA) issuers

StableStock

StableStock State Street SPDR S&P Oil & Gas Exploration & Production ETF (sXOP) is a token tracking the underlying shares, backed by dedicated collateral with HabitTrade as broker.

Each token tracks one underlying share, entitles holders to dividends, and carries no voting rights.

Residents of the United States and Hong Kong cannot mint or redeem with StableStock.

sXOP is native to BNB Chain as an ERC-20 token.

StableStock State Street SPDR S&P Oil & Gas Exploration & Production ETFsXOP

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