Circle (CRCL): tokenized versions compared
As of 2026-10-12 04:40 UTC, the cheapest way to get CRCL price exposure on-chain for a $1,000 order is CRCLx at $87.17 per share all-in (+3.15% vs CRCL at $84.51). 4 versions tracked.
| Version | Issuer | Chain | Price ($1,000 order) | Premium vs stock | Net edge $1k / $10k | Liquidity | Voting |
|---|---|---|---|---|---|---|---|
| CRCLxbest value now | xStocks | Solana | $86.74 | +2.63% | −3.15% / −3.27% | A | No voting rights |
| CRCLB | bStocks | BNB Chain | $86.62 | +2.50% | — / — | — | No voting rights |
| CRCLx-XL | xStocks | X Layer | $86.80 | +2.71% | −3.31% / −3.42% | A | No voting rights |
| CRCLon | Ondo GM | Solana | $85.71 | +7.53% | −85.39% / −105.15% | D | No voting rights |
Price is the executable quote for a $1,000 order (mid price if there is no quote); premium is accrual-adjusted; net edge = advantage vs the stock after the 0.5% platform fee and price impact at that size — negative means pricier than the stock.
Holder rights by issuer
| Issuer | Dividends | Voting | Mint / redeem |
|---|---|---|---|
| xStocks · Backed Finance AG (Switzerland) | Dividends are credited by increasing holder balances (rebase-style); token price keeps tracking the share. | No voting rights | Eligible professional investors mint/redeem after KYC with Backed; others trade on DEX secondary markets. |
| bStocks · BTech Holdings (Binance group affiliate) | Corporate actions (dividends/splits) handled by the issuer and reflected in the display multiplier; official terms prevail. | No voting rights | Eligible KYC'd users convert shares↔bStocks 1:1 with zero fees ~24/7 on Binance (via Nest Trading) — this keeps spreads tight; on-chain users trade thin DEX pools (see liquidity warning). |
| Ondo Global Markets | Dividends reinvested into the token (value-accruing); official Shares Multiplier is published. | No voting rights | Eligible users mint/redeem via the Ondo platform. |
Issuers' official terms prevail; issuers compared →
The US market is closed now: the reference is the last close, so spreads reflect expectations while closed and can gap at the open. Why closed-hours spreads are not free money →
Data as of 2026-10-12 04:40 UTC. Token prices are on-chain DEX quotes collected by Chaconne; US stock reference prices come from Finnhub. How we calculate → · All comparisons →