xStocks were developed to remove the borders, brokers, and limitations that have historically made investing complicated, costly, and inaccessible for millions. These are tokenized stocks backed 1:1 by their underlying assets. They offer a legal claim to the stock’s value, comply with EU regulations, are available to non-US users, and can be composed with DeFi protocols.

Through leading centralized and decentralized exchanges, xStocks provide regular users with simple access to 57 US Stocks and ETFs. They function like any other token, allowing integration with various DeFi protocols. This specific asset is a wrapped xStock, which means it does not rebase, making it suitable for use within DeFi applications.