Cryptopedia - Wrapped NVIDIA Tokenized stock (xStock)
xStocks were developed to remove traditional investing obstacles such as borders, brokers, and high costs that have historically excluded millions. These tokenized stocks are backed 1:1 by their underlying assets, comply with EU regulations, and grant a legal claim to the stock’s value. They are available to non-US users and work seamlessly with DeFi protocols.
Through major centralized and decentralized exchanges, xStocks provide straightforward access to 57 US Stocks and ETFs for everyday users. Like other tokens, they can be integrated into various DeFi applications. This specific asset is a wrapped xStock, which means it does not rebase, making it suitable for use within DeFi ecosystems.
