Cryptopedia - Wrapped Robinhood Tokenized stock (xStock)
xStocks were developed to remove the barriers, borders, and high costs that have historically made investing complicated or inaccessible for millions. These are tokenized stocks backed 1:1 by their underlying assets, offering a legal claim to the stock’s value while remaining compliant with EU regulations and accessible to non-US users. They are designed to be composable with DeFi protocols.
Through leading centralized and decentralized exchanges, xStocks provide regular users with straightforward access to 57 US Stocks and ETFs. Like any other token, they can be integrated into various DeFi protocols. This specific asset is a wrapped xStock, which means it does not rebase, making it suitable for use within DeFi applications.
