Cryptopedia - OPEN tokenized stock (xStock)
xStocks are tokenized stocks designed to remove traditional investing barriers such as borders, brokers, and high costs. Each xStock is backed 1:1 by its underlying asset, complies with EU regulations, and grants a legal claim to the stock’s value. They are accessible to non-US users and can be composed with DeFi protocols. Currently, xStocks provide access to 57 US Stocks and ETFs via leading centralized and decentralized exchanges, allowing integration with other DeFi protocols just like any standard token.
