Cryptopedia - Meta tokenized stock (xStock)
Meta xStock (METAx) functions as a tracker certificate distributed via Solana SPL and ERC-20 tokens, mirroring the price performance of Meta Platforms, Inc. (the underlying asset). The product aims to provide qualified crypto market participants with regulatory-compliant exposure to Meta Platforms’ stock value while preserving the advantages of blockchain infrastructure.
Key Benefits Meta Platforms, Inc. operates as a technology and social media firm dedicated to linking individuals and building the metaverse. Its portfolio includes widely used platforms such as Facebook, Instagram, Threads, and WhatsApp, alongside VR and AR development through its Reality Labs division.