Cryptopedia - Wrapped Palantir Tokenized stock (xStock)
xStocks were developed to remove traditional investing obstacles such as borders, brokers, and high costs that have kept millions from participating. These are tokenized stocks backed 1:1 by the underlying assets, offering a legal claim to the stock’s value. They comply with EU regulations, are available to non-US users, and work seamlessly with DeFi protocols.
Through leading centralized and decentralized exchanges, xStocks provide straightforward access to 57 US Stocks and ETFs for everyday users. Like other tokens, they can be integrated into various DeFi applications. This specific asset is a wrapped xStock, which means it does not rebase, making it suitable for use within DeFi ecosystems.
