Damn, I'm a little excited, I bought 50 U of Apple stock in a DEFI protocol.
Although I don't know exactly how @xStocksFi does "stock tokenization", I can buy US stocks on @JupiterExchange and @RaydiumProtocol.
I think this is a big leap forward for stocks on the chain, which means that stocks can also be priced with AMMs, and they can also be used for Loop and Yeild Swap, these financial derivatives, if you use traditional finance, will be very complex and lengthy, because you need a very troublesome middle and back office to support.
WHEN STOCK ASSETS CAN FLOW SMOOTHLY ON THE CHAIN LIKE TOKENS, I THINK THE SIMPLICITY AND ELEGANCE OF DEFI CAN BE MORE INTUITIVE.
To put it bluntly, the core function of blockchain at the financial level is the 6 words "payment and settlement", which cannot be achieved in any financial network with scale effect in traditional finance.
Once the "payment and liquidation" is realized, even if the U.S. stock cannot be traded 7X24 hours, but the tokenized U.S. stock can, the core of the transaction is not in the infrastructure, but in the matching of liquidity, and the OTC can also have the ability to compete with the exchange counter under the condition of payment and liquidation.
Awesome.

The best assets should be accessible to everyone, everywhere.
@XStocksFi will be available via @krakenfx, @Bybit_Official, @byreal_io, @kaminofinance, @RaydiumProtocol, and @JupiterExchange.
More on the news from the @BackedFi team:
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