Cryptopedia - 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 tokenized stocks are backed 1:1 by the underlying assets, comply with EU regulations, and grant holders a legal claim to the stock’s value. They are designed for non-US users, can be composed with DeFi protocols, and allow regular users to access 57 US Stocks and ETFs via leading centralized and decentralized exchanges. Like any other token, they integrate with additional DeFi protocols.
