Cryptopedia - Wrapped Meta Tokenized stock (xStock)
Investing has historically been hindered by borders, brokers, and high costs, making it inaccessible for millions. xStocks were developed to remove these obstacles.
These are tokenized stocks that maintain a 1:1 backing with the underlying assets. They offer a legal claim to the stock’s value, adhere to EU regulations, are available to non-US users, and can be composed with DeFi protocols.
xStocks provide straightforward access to 57 US Stocks and ETFs for everyday users via leading centralized and decentralized exchanges. Like any other token, they integrate with various DeFi protocols.
This specific asset is a wrapped xStock, which means it does not rebase, ensuring compatibility with DeFi applications.
