ST0x
- Company typePrivate
- Founded2023
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
ST0x firmographics
Firmographics- Name
- ST0x
- Legal name
- SARK X (BVI) Ltd
- Website
- https://st0x.io
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
ST0x industry classification
Industry- Product category
- Tokenized Equities Decentralized Exchange (DeFi)
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- DEX Aggregation & On-Chain Execution (routing, RFQ, intent-based trading) (FSAPAEAD)
- akta.pro secondary industry
- DEX Analytics, Indexers & Trading Terminals (FSADABAK)
Keywords
Where ST0x is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
ST0x business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations, Others
Revenue model
- Trading Fees: ST0x charges trading fees on each transaction executed through the platform. Additional fees include gas costs for on-chain transactions and potential withdrawal fees.
- Withdrawal Fees: Users may incur withdrawal fees when moving assets off the platform. Fee structure is transparent according to platform documentation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Trading Fees |
| Transaction based/ take rate | Multi-year contract | Nansen Ice Tier Fee Waiver |
Go-to-market motion3 records
Distribution channels2 records
Marketing channels4 records
ST0x product offering
Product offeringCore offering
ST0x is a decentralized exchange (DEX) that enables 24/7 trading of tokenized real-world equities (such as Nvidia and Tesla) and ETFs on Coinbase's Base Layer-2 network. Each token is fully (1:1) collateralized by underlying shares held with regulated brokers (e.g., Charles Schwab) and is issued as a regulated debt instrument by S1 Issuer GmbH under an EU Base Prospectus approved by Liechtenstein's FMA. Users connect DeFi wallets (MetaMask, WalletConnect) to a non-custodial trading terminal where smart-contract vaults hold tokens and arbitrageurs create/redeem via the Core Bridge to align on-chain and off-chain prices.
Product overview
ST0x is a single-platform decentralized exchange (DEX) for tokenized real-world assets. The platform enables 24/7 trading of tokenized equities (such as Nvidia, Tesla) and ETFs on Coinbase's Base Layer-2 network. It operates via a dual-entity structure: S1 Issuer GmbH issues tokenized equities as regulated debt instruments under an EU Base Prospectus, while SarkX BVI Ltd manages the decentralized matching and execution engine. The Core Bridge mechanism aligns on-chain token prices with off-chain markets, and the platform integrates with Block Street for DeFi liquidity services. Users access the platform through DeFi wallets (MetaMask, WalletConnect) and maintain control of assets in non-custodial smart contract vaults.
Differentiator
Problem solved
Functional benefit
Products and services
- ST0x Platform (Decentralized Exchange) A non-custodial decentralized exchange on Coinbase's Base Layer-2 network enabling 24/7 trading of tokenized US-listed equities (e.g., Nvidia, Tesla) and ETFs, with 1:1 collateralization backed by shares held with regulated brokers such as Charles Schwab. Users connect DeFi wallets (MetaMask, WalletConnect) and retain self-custody via smart-contract vaults.
- Core Bridge A demand-driven on-chain liquidity mechanism that lets arbitrageurs create or redeem tokenized equity tokens, aligning on-chain token prices with off-chain stock markets and supplying real-time liquidity without traditional market makers.
- ST0x Trading Terminal ST0x's on-chain trading interface supporting spot trading of tokenized equities plus margin trading, borrowing, shorting, and structured strategies against tokenized stocks through the Block Street integration, with compliance maintained via regulated off-chain custody rails (S1 Issuer GmbH).
Quantifiable outcome
- 24/7 trading availability vs traditional market hours
- +1 more outcomes
Companies that use ST0x
Customer profileSegments2 records
Ideal customer profiles2 records
ST0x technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature5 records
ST0x partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Block StreetcoreBlock Street, a liquidity layer for tokenized equities, announced strategic product integration with ST0x on Coinbase's Base Layer-2 network. The integration enables margin trading, borrowing, shorting, and structured strategies against tokenized stocks, bridging traditional financial instruments with DeFi-native liquidity architecture.
- NansencoreNansen launched Season 03 of its Nansen Points program featuring ST0x as spotlight partner. ST0x is a regulated DEX offering on-chain access to tokenized equities, ETFs, and commodities. Users can earn share of $5,000 tokenized asset reward pool, with Ice tier members eligible for lifetime trading fee waivers upon committing $2,500+ in assets.
- S1 Issuer GmbHcoreS1 Issuer GmbH is a German company operating as the regulated issuer entity for ST0x. It issues tokens as debt instruments under an EU Base Prospectus approved by Liechtenstein's FMA, representing major US-listed equities and ETFs. This dual-entity structure separates regulated token issuance from decentralized execution.
Scale indicators5 records
Recent moves5 records
Expansion highlights5 records
ST0x competitors and assessment
Company assessmentDirect peers
- Swarm Markets: Swarm is a regulated (BaFin) platform for tokenized equities, commodities, and other RWAs trading on-chain — a near-direct comp to ST0x's regulated tokenized-equity DEX model on Base.
- Backed Finance: Backed issues tokenized equities and ETFs (e.g., bCSPY, bCOIN) as ERC-20 tokens with 1:1 collateralization, mirroring ST0x's core offering of on-chain real-world equities and ETFs aimed at DeFi users.
Emerging players
- Synthetix: Synthetix enables on-chain synthetic exposure to equities and other assets via its perps and oracle-based synths (sUSDC, sTSLA, etc.) — overlapping with ST0x on the goal of giving DeFi users equity price exposure without a centralized intermediary.
- Maple Finance: Maple operates an institutional on-chain credit market with tokenized yield-bearing assets — adjacent to ST0x in regulated on-chain real-world asset primitives but focused on credit rather than equities.
- RealT: RealT fractionalizes and tokenizes US real estate for DeFi users, providing regulated on-chain exposure to a traditional asset class — adjacent RWA-tokenization model that competes for similar DeFi-native retail capital.
- Libre Capital: Libre offers on-chain access to tokenized funds and alternative assets via DeFi protocols, comparable to ST0x as a regulated bridge bringing traditional assets on-chain for DeFi-native users.
Broad incumbents
- Ondo Finance: Ondo issues regulated, tokenized US treasuries and structured yield products on public chains, representing a much larger, broader incumbent in the regulated RWA tokenization space that ST0x's equity product competes with for investor attention.
- Securitize: Securitize is an enterprise tokenization issuance and transfer-agent platform used for regulated digital securities (funds, equities, private credit), functionally adjacent to ST0x's regulated issuance layer via S1 Issuer GmbH.
- 21Shares (21.co): 21Shares issues regulated crypto and equity ETPs (ETCs) across European exchanges, comparable as a regulated on-ramp for traditional investors into tokenized asset exposure — competing for the same end demand as ST0x.
- INX (International Securities Exchange): INX is a regulated digital asset and security token trading venue — a broader incumbent in regulated security-token exchanges that overlaps with ST0x's regulated trading and exchange-operator role.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
ST0x social profiles
Digital presenceST0x compliance and trust
Trust signalCompliance1 record
ST0x financial estimates
Financial estimateRevenue estimate
Valuation estimate
ST0x leadership team
Management profileNumber of profiles
Profiles2 records
ST0x funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ST0x M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ST0x
What does ST0x do?
ST0x is a decentralized exchange (DEX) that enables 24/7 trading of tokenized real-world equities (such as Nvidia and Tesla) and ETFs on Coinbase's Base Layer-2 network. Each token is fully (1:1) collateralized by underlying shares held with regulated brokers (e.g., Charles Schwab) and is issued as a regulated debt instrument by S1 Issuer GmbH under an EU Base Prospectus approved by Liechtenstein's FMA. Users connect DeFi wallets (MetaMask, WalletConnect) to a non-custodial trading terminal where smart-contract vaults hold tokens and arbitrageurs create/redeem via the Core Bridge to align on-chain and off-chain prices.
Is ST0x a public or private company?
ST0x is a private company. It is classified as venture growth investor backed and is currently operating.
When was ST0x founded?
ST0x was founded in 2023. It employs 11 to 50 people.
Where is ST0x based?
ST0x is headquartered in London, United Kingdom, in the Europe region.
How does ST0x make money?
Two revenue lines are on record. Trading Fees are the primary driver. The others are withdrawal Fees.
Who are ST0x's main competitors?
Direct peers on record are Swarm Markets and Backed Finance. Emerging players are Synthetix, Maple Finance, RealT and Libre Capital. Broad incumbents are Ondo Finance, Securitize, 21Shares (21.co) and INX (International Securities Exchange).
Does ST0x have an API?
No public API is recorded for ST0x.
What industry is ST0x in?
ST0x's product category is Tokenized Equities Decentralized Exchange (DeFi). Its primary akta.pro industry code is FSAPAEAD, DEX Aggregation & On-Chain Execution (routing, RFQ, intent-based trading), with a secondary code of FSADABAK, DEX Analytics, Indexers & Trading Terminals. Its NAICS code is 5231 and its SIC code is 6200.