Cryptopedia - Wrapped Berkshire Hathaway 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 leading centralized and decentralized exchanges, xStocks provide straightforward access to 57 US Stocks and ETFs for everyday users. As a wrapped xStock, this asset does not rebase, which facilitates its use within DeFi applications.
