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At a glance

What changed
Native mint and redeem of 1,500+ xStocks tokenized stocks on OP Mainnet inside the ether.fi app.
Who it affects
Eligible ether.fi members; not residents of the US, UK or Canada.
When
Live since 12 November 2026.

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What ether.fi announced

ether.fi said on its official X account at 16:43 UTC on 12 November 2026 (17:43 in Amsterdam) that users can now mint more than 1,500 tokenized stocks directly on Optimism through its app, powered by xStocks. "You could already trade stocks. Now you can mint them, hold them, and use them as collateral," the post said.

The post quoted an announcement from Optimism, which said xStocks has been running natively on OP Mainnet for months and that ether.fi is now live with mint and redeem of over 1,500 equities. Optimism said the catalogue covers the full Russell 1000, including NVDAx, TSLAx, QQQx, SPYx and TBLLx, and put xStocks' transaction volume across 12 chains at more than $46 billion.

What changes in the app

Until now ether.fi users could buy and sell xStocks in the app. Minting and redeeming natively on OP Mainnet, where ether.fi's Cash product already runs, means the tokens are created and redeemed on the same network that holds the rest of the account.

ether.fi's help centre describes xStocks as tokens designed to track a listed stock or ETF, with the underlying asset held by regulated custodians through the issuer's structure. Dividends are reinvested into extra units, net of tax.

Buying and selling in the app follows regular US market hours, 9:30 to 16:00 New York time on weekdays, with no pre-market or after-hours trading and a minimum trade of $10.

Collateral and who can use it

ether.fi says the stocks can be used as collateral. Its help centre lists Product LTVs for three xStocks in its Aave-based Optimism lending market: 66% for QQQx, 67% for SPYx and 70% for TBLLx. Product LTV is the app's borrowing limit, not the liquidation threshold, and the published parameters date from 27 August 2026, so check the app for current figures.

xStocks in ether.fi are available in every country where ether.fi operates except to residents of the United States, the United Kingdom and Canada. For business accounts, the country of registration decides.

Our take

This is mostly plumbing, but useful plumbing: ether.fi now mints and redeems xStocks natively instead of offering them in wrapped form. For eligible users the practical gain is holding US stock and ETF tokens next to a card and a credit line in one self-custodial app. Borrowing against them is limited to a few listed tickers, and a falling share price can still push a loan towards liquidation.

Dates to know

As announced by the provider. A listed date does not confirm current availability or eligibility.

  1. ether.fi launches native xStocks mint and redeem on OptimismDate passed
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Conditions

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