How to Get Exposure to Tokenized Stocks, Gold & Treasuries (Without a Broker)

For most of history, getting exposure to assets like company shares, gold, or government bonds meant going through a gatekeeper — a stockbroker, a bullion dealer, a bank. Tokenization is quietly changing that. These same real-world assets now exist as tokens on a blockchain, which you can hold in your own wallet, trade around the clock, and move peer-to-peer — no brokerage account required.

This is an educational guide to how that exposure works, the main categories you can access, and the things worth understanding before you do. It isn't investment advice — just a clear map of a fast-growing space.

What to know up front

Tokenized real-world assets (RWAs) are blockchain tokens that represent real assets like stocks, gold, or US Treasuries.
You can hold them in self-custody — in a wallet you control — rather than in a broker's account.
Three big categories are accessible today: tokenized Treasuries, tokenized gold, and tokenized stocks.
The market is booming: tokenized RWAs have grown more than 250% in about fifteen months, into the tens of billions of dollars on-chain (CoinGecko).
Exposure isn't identical to direct ownership — there are real differences and risks to understand first.
BlockX is building toward being the non-custodial, peer-to-peer marketplace where real-world assets settle directly.

What are tokenized real-world assets?

A tokenized real-world asset is a digital token, issued on a blockchain, that represents a real financial asset held in the traditional world. The underlying asset — say, gold bars or short-term government bonds — is held by an issuer inside a legal structure, and the token gives you economic exposure to it, with the benefits of blockchain: 24/7 markets, near-instant settlement, fractional sizing, and global access.

If you want the full mechanics of how assets move on-chain, see our explainer on real-world asset tokenization. Here, we're focused on how you actually get exposure.

The three categories you can access

Tokenized US Treasuries. These are tokens representing a stake in funds that hold short-term US government debt — effectively a way to hold T-bill exposure (and the yield that comes with it) on-chain. Tokenized Treasuries are the largest RWA category, growing past $13 billion in 2026 (RWA.xyz), with offerings from major institutions among the leaders.

Tokenized gold. Each token represents a claim on physical gold — often around one fine troy ounce per token — held in professional vaults. The two largest, PAXG (Paxos) and XAUT (Tether), dominate the category, and demand has surged: tokenized gold spot trading hit a record $90.7 billion in the first quarter of 2026 alone (CoinGecko). It's a way to hold gold exposure without arranging your own storage or dealer.

Tokenized stocks. The newest and fastest-emerging category, these tokens track the price of equities like Tesla, Nvidia, or Alphabet. The segment went from almost nothing to roughly half a billion dollars on-chain within months of launching in 2025, and tokenized-stock holders grew from under 1,500 to over 185,000 in little more than a year. (Important nuance below: a tokenized stock usually gives you exposure to the price, not the same legal ownership as buying the share through a broker.)

How to get exposure without a broker

Accessing these assets on-chain follows a simple pattern:

Set up a self-custody wallet. This is where you'll hold your assets — under your control, not a broker's. (New to this? See our plain-English guide to self-custody.)
Get some stablecoins. Most on-chain assets are priced and traded against stablecoins like USDT or USDC, so you'll typically start there. Our guide to buying crypto peer-to-peer walks through it.
Acquire the tokenized asset. Many RWAs are issued as standard ERC-20 tokens, which means they can be held and traded like any other on-chain asset — including peer-to-peer.
Hold it in self-custody — and exit when you choose. Your exposure sits in your own wallet, and you can trade or sell it on your own schedule, 24/7.

No brokerage application, no market-hours-only trading, no custodian holding the token for you.

Where a non-custodial P2P marketplace fits in

Because so many tokenized assets are ERC-20 tokens, they can be traded directly between people — which is exactly what BlockX is built for. The vision: a peer-to-peer marketplace where real-world assets settle directly between verified counterparties, secured by smart-contract escrow, with no middleman taking custody of your funds. You'd get exposure to tokenized stocks, gold, or Treasuries while keeping your assets in your own wallet the entire time. (For how that escrow protection works, see is P2P crypto trading safe.)

BlockX is launching soon — you can join the waitlist for early access.

What to understand before getting exposure

This is the part a responsible guide won't skip. Tokenized assets are powerful, but they're not identical to their traditional counterparts, and they carry their own considerations:

Exposure vs. direct ownership. A tokenized stock typically tracks an equity's price but may not grant the voting rights, the same dividend treatment, or the investor protections (like SIPC coverage) you'd get buying the share through a regulated broker. Understand exactly what a given token represents.
Issuer and custody risk. The token's value depends on an issuer actually holding the underlying asset and honoring redemptions. The quality and transparency of that issuer matters.
Regulation is still evolving. The rules for tokenized securities are developing quickly, and availability and treatment vary by region.
Liquidity and price tracking. Newer tokens can be less liquid, and a token's price can occasionally drift from the asset it represents.
The usual market risk. The underlying assets — stocks, gold, bond yields — move in value. Tokenization changes how you access them, not whether they can go up or down.

None of this is a reason to steer clear; it's simply what to research and weigh, ideally with a professional, before deciding what's right for you.

Who might find this useful

On-chain exposure to real-world assets tends to appeal to people who want to:

Hold assets in self-custody rather than in a brokerage account.
Trade around the clock, not just during market hours.
Start small with fractional sizing instead of full shares or whole ounces.
Access global assets from places where traditional brokerage access is limited.

Wondering whether tokenized shares pass on dividends? See Do Tokenized Stocks Pay Dividends? What You Actually Hold.

Frequently asked questions

Can I get exposure to stocks or gold with crypto, without a broker?

Yes. Tokenized versions of stocks, gold, and Treasuries exist as on-chain tokens you can hold in a self-custody wallet and trade peer-to-peer, without opening a traditional brokerage account. Just be sure you understand what each token represents.

What is a tokenized stock?

It's a blockchain token designed to track the price of a real equity, backed by the underlying share held by an issuer. It gives you price exposure, though often not the same ownership rights or protections as buying the stock through a broker.

Do I actually own the underlying share or gold?

Usually you hold a token that represents a claim or exposure, with the real asset held by an issuer in a legal structure. The specifics vary by product, so always check what a token legally entitles you to.

Is getting exposure this way safe?

Self-custody and peer-to-peer trading can be very secure, but tokenized assets add issuer, regulatory, and liquidity considerations on top of normal market risk. Stick to transparent, well-established issuers and do your own research.

How is tokenized gold different from a gold ETF?

Both give gold exposure, but a tokenized gold coin lives on a blockchain in your own wallet, trades 24/7, and is often redeemable for physical gold, whereas an ETF is a traditional fund share held through a broker.

How do I get exposure to US Treasuries on-chain?

Through tokenized Treasury products — tokens representing a stake in funds holding short-term US government debt — which you can hold in a self-custody wallet. They're the largest tokenized-asset category today.

The bottom line

Tokenization is opening up assets that once sat behind brokers and banks — stocks, gold, and Treasuries — so you can hold exposure to them in your own wallet, trade them around the clock, and settle them peer-to-peer. The category is growing fast, and the access is genuinely broker-free. Just go in informed: understand what each token represents, weigh the issuer and regulatory considerations, and decide what fits your goals. As the non-custodial, peer-to-peer home for real-world assets, BlockX is being built for exactly this.

Want to be early? Join the BlockX waitlist for first access.

BlockX is a technology infrastructure company. It does not provide financial services, investment advice, or act as a money transmitter, and it does not issue or offer the tokenized assets described here. This article is for general educational purposes only and is not investment, tax, or legal advice. Tokenized assets involve risk; always do your own research and consult a qualified professional before making decisions.

Reviewed by

Last updated