Cryptopedia - Wrapped Merck 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, grant a legal claim to the stock’s value, and remain accessible to non-US users while being compatible with DeFi protocols.
Through leading centralized and decentralized exchanges, xStocks provide straightforward access to 57 US Stocks and ETFs for everyday investors. They function like any other token, allowing integration with various DeFi applications. Specifically, this is a wrapped xStock, which means it does not rebase, ensuring its suitability for use within DeFi ecosystems.
