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Swiss Backed Finance launched on-chain tokenization of stocks xStocks, enabling 24/7 trading.
Gate News bot message, the Swiss compliance platform Backed Finance officially launched the tokenization stock product xStocks. This product uses a 1:1 collateral mechanism with real stocks, is custodied by a Swiss bank, and is deployed on public chain platforms such as Solana.
xStocks, as a debt structure product rather than an equity Token, has achieved 24/7 on-chain trading functionality. Currently, this product has limitations in terms of liquidity and market depth.
The product explores the fields of stock perpetual derivatives and unlisted company equity tokenization.