Cryptopedia - Wrapped Coinbase Tokenized stock (xStock)
xStocks were developed to remove traditional investing obstacles such as borders, brokers, and high costs that have historically excluded millions. These are tokenized stocks backed 1:1 by their underlying assets, offering a legal claim to the stock’s value. They comply with EU regulations, remain accessible to non-US users, and integrate seamlessly with DeFi protocols.
Through major centralized and decentralized exchanges, xStocks provide straightforward access to 57 US Stocks and ETFs for everyday users. This specific asset is a wrapped xStock, which means it does not rebase, ensuring compatibility with DeFi applications.
