Crypto KOL @_FORAB explains how xStocks enables stock trading on Kraken, Bybit, etc.  
A Swiss parent company controls Backed Assets in Jersey.  
They buy US stocks via IBKR Prime, then store them in Clearstream (Deutsche Börse’s depository).  
After purchase, Solana smart contracts mint tokens 1:1 (e.g., 1K TSLA shares = 1K TSLAx tokens).  
Backed owns the token contract. Exchanges list these tokens for trading.  
Holders can redeem TSLAx for real Tesla shares through Backed.  
This completes t