Loading imageOlivia Stephanie
Loading imageRony Roy
Loading imageRail

Share

Justin Sun has announced the launch of U.S. stock-linked spot trading on HTX, with the cryptocurrency exchange introducing 20 tokenized stocks and exchange-traded funds against USDT starting November 9.

• Justin Sun announced stock-linked spot trading on HTX with 20 tokenized U.S. stocks and ETFs.

• HTX scheduled token deposits for November 9 while withdrawals remained without a confirmed opening date.

• HTX’s bStocks provide economic exposure to securities but do not grant direct shareholder ownership rights.

• The exchange introduced zero maker fees through February 9, while standard taker fees continue applying.

• The SEC dismissed claims against Sun in March, while Rainberry received a $10 million penalty.

In an X post, Sun wrote, “US stock spot trading has officially launched on Huobi HTX.” The announcement followed HTX’s publication of its listing schedule and comments indicating that similar trading services were being introduced on Poloniex.

US stock spot trading has officially launched on Huobi HTX. Trade US stocks on HTX! @HTX_DAO @HTX_Global https://t.co/WNwiUke1jn — H.E. Justin Sun 👨‍🚀 🌞 (@justinsuntron) November 9, 2026

The new products provide exposure to U.S. securities through blockchain-based tokens, including assets linked to Nvidia, Tesla, Circle and Strategy. Unlike conventional brokerage purchases, customers buying these tokens do not directly own shares in the companies they track.

HTX launches 20 tokenized stocks with USDT trading pairs

According to its November 9 listing announcement, HTX is adding 20 assets, including SNDK, SOXL, SPCX, CRCL, MSTR, MU, TSLA, NVDA, INTC, AMD, QQQ, TQQQ and GOOGL.

The selection covers individual U.S. companies alongside exchange-traded funds, including leveraged products that can behave differently from ordinary stocks.

Deposits were scheduled to open at 08:00 UTC on November 9. In a separate announcement, HTX listed SPCX/USDT trading for 09:00 UTC and CRCL/USDT for 10:00 UTC, with additional pairs expected to open as liquidity becomes available.

The exchange has not announced when withdrawals will begin. Its initial rollout supports tokens issued under the bStocks series on BNB Smart Chain, with contract addresses published for all 20 assets.

To encourage trading activity, HTX introduced a zero-maker-fee promotion running from November 9, 2026, through February 9, 2027. Regular taker fees remain applicable throughout the promotional period.

Tokenized stocks offer price exposure without direct ownership

An HTX media representative confirmed that the offering initially supports 20 tokenized stocks and ETFs issued under the bStocks series.

“HTX has introduced spot trading for 20 tokenized stock and ETF assets, initially supporting the bStocks series on BNB Smart Chain (BSC) to provide eligible users with economic exposure to underlying securities,” the representative told crypto.news.

According to the exchange’s listing notice, the tokens are backed by underlying securities or other eligible assets, with custody and redemption arrangements governed by the relevant issuer’s documentation.

However, token holders do not directly own the corresponding shares and generally cannot exercise shareholder voting rights. Dividends, stock splits and other corporate actions depend on the issuer’s terms.

HTX describes the instruments as tokenized derivatives and warns that trading prices may differ from the securities they track, particularly outside regular U.S. market hours.

The exchange uses a unified trading model that allows supported tokens representing the same security to share a trading symbol, account balance and order book across different networks.

While BNB Smart Chain is the initial supported network, HTX said it may introduce additional issuers and blockchains later.

HTX addresses geographic restrictions as exchanges expand stock trading

The launch follows efforts by cryptocurrency exchanges to offer traditional securities and blockchain-based representations through their trading platforms.

Earlier coverage of Binance’s tokenized stock offering described the introduction of products linked to Nvidia, Tesla and other companies.

An October update on stock conversions examined how eligible customers could convert supported stock positions into corresponding blockchain tokens.

Kraken has pursued a similar market through stock trading services and tokenized xStocks products.

When asked about geographic eligibility for HTX’s new offering, the exchange said it follows the regulatory requirements of the markets where it operates.

“HTX strictly adheres to applicable regulatory and compliance frameworks across the international markets in which we operate,” the representative said. “In accordance with our Terms of Service and compliance policies, HTX does not provide services to users in restricted jurisdictions.”

The response did not identify which countries are eligible for tokenized stock trading or explicitly confirm whether U.S. residents can access the products.

Details concerning the assets and trading schedule on Poloniex were not included in HTX’s response.

HTX declines comment on Justin Sun’s previous SEC case

The stock-trading announcement follows the resolution of Sun’s earlier legal dispute with the U.S. Securities and Exchange Commission.

In March 2023, the SEC sued Sun and several related companies over allegations involving unregistered cryptocurrency offerings and wash trading.

The regulator announced a settlement in March 2026, dismissing its claims against Sun, Tron Foundation and BitTorrent Foundation with prejudice.

A federal court entered a final judgment on March 9 requiring Rainberry, another defendant, to pay a $10 million civil penalty. The defendants agreed to the resolution without admitting or denying the relevant allegations.

Separately, HTX reached an October agreement in Britain involving financial promotion restrictions, including undertakings lasting until October 2031.

Asked about Sun’s previous regulatory proceedings, HTX declined to discuss the matter.

“As a matter of company policy, HTX does not comment on legal matters, regulatory proceedings, or statements concerning specific individuals,” the representative said.

The exchange added that it operates independently and remains committed to user asset security, market integrity and global compliance.