xStocks' 1:1 Stock Tokenization Engine, 'xPort'
✔️ What is xStocks?
- xStocks is a real-time investment tool issued on the Solana blockchain that supports the trading of tokenized US stocks, ETFs, and other assets.
- Each token is fully collateralized 1:1 with actual stocks, and its key feature is its ability to be swapped, provide liquidity, and be used as collateral within Solana's DeFi ecosystem (Raydium, Jupiter, Kamino, etc.).
✔️ What Sets xStocks Apart
- Tokenized stocks are a rising RWA sector, following US Treasuries and stablecoins. They are characterized by 24-hour trading. xStocks' most notable features include the presence of the "xStock Alliance," comprised of prominent partners, and its integration with exchanges such as Bybit, Kraken, Gate, MEXC, Bitget, and Kucoin.
✔️ 'xPort', a Real-World Stock Tokenizing Engine
- While existing tokenized stocks are on-chain, there's a back-end process of [cash out -> repurchase -> on-chain settlement]. xPort, however, tokenizes existing stocks on a 1:1 (in-specie) basis.
- By transferring assets to Alpaca's brokerage and custody platform account, xStock's operator, Backed, can immediately issue xStocks via an API.
:: Comment::
This 1:1 tokenization method is much more intuitive than the existing method of verifying with backing assets, and I expect it to be easier to use. The number of companies adopting xStock is increasing, and if xPort is well-established, we can expect to see a wider variety of pairs and deeper liquidity in the future.
xStock Community Collection
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