What are tokenized stocks by xStocks?
🤝 xStocks are tokenized stocks and ETFs that exist as transferable tokens. They can be used in lending protocols, on DEXes, or in any DeFi protocol.
Yesterday, tokenized stocks were integrated not only into CEXs (like Kraken and Bybit), but also into DeFi protocols on Solana — including Raydium, Jupiter, Kamino. Additionally, Chainlink became the oracle for xStocks, providing pricing data for tokenized stocks and ETFs.
▫️What does this mean?
• You can now easily buy stocks of over 50 companies, including Apple, Tesla, Coinbase, Netflix, and others.
• Each token corresponds to a real stock.
▫️What are the advantages of tokenized stocks?
• 24/7 access – Unlike traditional markets, tokenized stocks can be traded at any time
• Fractional ownership – You can buy a part of a stock token for any amount you choose
• DeFi integration – Tokens can be used in LP pools, lending protocols
• No brokerage account needed.
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