Hyperliquid has added support for xStocks, bringing 1:1 backed tokenized U.S. equities and ETFs onto its spot trading infrastructure through an integration with Chainlink's Cross-Chain Interoperability Protocol, or CCIP. The development builds on earlier community reports that xStocksFi was preparing a Hyperliquid debut after Backed spent about 5,006 HYPE to secure 10 spot tickers including NVDAx, SPYx and QQQx, and HyperliquidNews said an initial batch of five tokenized stocks would launch first on HyperCore. The new integration explains the underlying market structure: Hyperliquid's HyperCore order-book engine and HyperEVM environment are linked through CCIP, which uses a burn-and-mint model to move assets across chains without duplicating supply. The setup also works with xBridge, which initially handled Ethereum-to-Solana transfers before expanding to Hyperliquid. Community reports say at least 10 xStocks tickers have completed auction processes for spot trading, including names such as AAPLx and NVDAx. xStocks are developed by Backed Finance, part of the Kraken Group, and are backed 1:1 by the corresponding underlying U.S. stocks or ETFs held in reserve. The CCIP integration has been live since July 2025, and the rollout marks a notable expansion for Hyperliquid, which had been known primarily for perpetual futures trading.