xStocks has launched over 50 tokenized stocks and ETFs on the BNB Chain, significantly expanding access to tokenized equities for decentralized finance users. The assets are now tradable on decentralized exchanges like PancakeSwap and CoW Swap using USDC, with a planned integration for 1inch. Separately, Bitso has introduced xStocks in Argentina, providing direct access to ten tokenized U.S. stocks and ETFs through its app. The platform reports over $30 billion in transaction volume and $350 million in assets under management.
xStocks has introduced over 50 tokenized stocks and ETFs on the BNB Chain. The platform stated this rollout increases access and anticipates additional listings soon.
The move targets users in specific regions and aims to merge with existing BNB Chain applications. The platform operates within a retail and DeFi-intensive ecosystem.
Newly launched assets are listed on decentralized exchanges including CoW Swap and PancakeSwap. Trades are executed with USDC, facilitating direct DeFi market access.
A planned integration will support 1inch to enhance routing and execution. This aims to increase trading possibilities and improve user access to liquidity.
The platform plans to expand tokenized equities into lending and collateral markets. This includes integration with Venus Protocol for borrowing and yielding strategies.
Chainlink supports the data infrastructure for these applications. It provides pricing and data feeds to bring uniformity to trading and lending values.
xStocks claims a transaction volume exceeding $30 billion. The platform also reports approximately $350 million in assets under management and over 100,000 on-chain owners.
An incentive program on BNB Chain rewards users for holding and participating. The program seeks to match traders and liquidity providers with platform activity.
Furthermore, Bitso introduced xStocks in Argentina. This gives users direct app access to tokenized shares of major U.S. companies without new brokerage accounts.
The initial ten tokens include AAPLx, AMZNx, GOOGLx, METAx, MSFTx, NFLXx, NVDAx, QQQx, SPYx, and TSLAx. Each token holds a 1:1 value reflection of its underlying asset, settled in USDC or USDT.
