Cryptopedia - Wrapped Gamestop Tokenized stock (xStock)
xStocks were developed to remove traditional investing obstacles such as borders, brokers, and high costs that have historically excluded millions. These tokenized stocks are backed 1:1 by their underlying assets, comply with EU regulations, and grant holders a legal claim to the stock’s value. They are available to non-US users and integrate seamlessly with DeFi protocols. Currently, xStocks provide access to 57 US Stocks and ETFs via major centralized and decentralized exchanges. As a wrapped xStock, this asset does not rebase, which facilitates its use within DeFi applications.
