Block trading for xStocks on Solana
Trade size in tokenized stocks without moving the price.
Your order rests encrypted across three MPC nodes and fills only at the oracle midpoint, only against another private order, and only above the minimum size you set. Nobody sees it on-chain or in a mempool, so there's nothing to front-run.
Opens the desk with paper balances on the shadow venue. There is no real counterparty flow here — an order rests until an operator quotes the other side.
What buying NVDAx costs on Jupiter
Price impact by order size · measured Mon 14 Sep 2026, 10:11 ET, US market open
Live midpoints
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| Token | Session | Midpoint | Matching |
|---|---|---|---|
| Loading… | |||
How an order moves
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Encrypted in your browser
Side, size, limit and minimum fill become 145 bits, each masked with random values that exist only as pieces held by three separate nodes.
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Rests across three nodes
Each node checks the midpoint against its own price feed before it will compute. A comparison that doesn't cross reveals nothing but zeros.
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Fills at the midpoint
When two orders cross, both sides fill at the oracle midpoint (Pyth price × the xStock dividend ratio). In the pilot, every fill is compared with Jupiter's quote for the same size.
What the shadow pilot is, and isn't
It is
- Real encrypted order intents, real MPC matching, live midpoints
- A weekly savings report per desk against Jupiter's live quotes
- Free for design partners
It isn't
- Trading: balances are paper and nothing settles
- Custody: we never hold your assets
- Private from us yet: all three nodes currently run on one server we operate, so we could see order details until independent operators join
- Available to US persons
Request pilot access
For funds, trading desks, treasuries and market makers who trade xStocks at size. We reply within two business days with an API key and a short onboarding call.
We use these details only to respond to your request and run the pilot.