Cryptopedia - Nasdaq tokenized ETF (xStock)
Nasdaq xStock (QQQx) functions as a tracker certificate distributed via Solana SPL and ERC-20 tokens, mirroring the price of the Invesco QQQ Trust. The product intends to provide qualified crypto market participants with regulatory-compliant exposure to the Invesco QQQ Trust ETF price while preserving the advantages of blockchain infrastructure.
Key Benefits The Invesco QQQ Trust (QQQ) is an exchange-traded fund that seeks to follow the performance of the Nasdaq-100 Index. This index comprises 100 of the largest non-financial firms listed on the Nasdaq Stock Market, providing focused access to leading technology and growth-driven enterprises.
