温馨提示：本站仅提供公开网络链接索引服务，不存储、不篡改任何第三方内容，所有内容版权归原作者所有
AI智能索引来源：http://www.bee.com/hi/53142.html
点击访问原文链接

10 Questions for xStocks: What are we trading when we trade US stock tokens? | Bee Network

进入原网站 导航首页
10 Questions for xStocks: What are we trading when we trade US stock tokens? | Bee Network Login ट्रेंडिंग न्यूज़ मीम लॉन्चपैड एआई एजेंट डेस्सी टॉपचेनएक्सप्लोरर न्यूबी के लिए 100x सिक्के मधुमक्खी खेल आवश्यक वेबसाइटें एपीपी अवश्य होना चाहिए क्रिप्टो हस्तियाँ डेपिन नौसिखिया आवश्यक ट्रैप डिटेक्टर बुनियादी उपकरण उन्नत वेबसाइटें एक्सचेंजों एनएफटी उपकरण नमस्ते, साइन आउट वेब3 यूनिवर्स खेल डीऐप मधुमुखी का छत्ता बढ़ता हुआ मंच विज्ञापन खोज अंग्रेज़ी रिचार्ज सिक्के लॉग इन करें डाउनलोड करना वेब3 यूनी खेल डीऐप मधुमुखी का छत्ता विज्ञापन घर•विश्लेषण•10 Questions for xStocks: What are we trading when we trade US stock tokens? 10 Questions for xStocks: What are we trading when we trade US stock tokens?विश्लेषण8महीना पहलेहाँव्याट 32,304 15 मूल | ओडेली प्लैनेट डेली ( @ओडेलीचाइना )

लेखक: वेन्सर ( @वेन्सर 2010 )

After launching the tokenized Coinbase U.S. stocks in March, RWA asset issuer Backed has come up with a new idea – this time they chose to launch the U.S. stock tokenized asset trading platform xStocks in conjunction with the U.S. क्रिप्टो exchange Kraken. As a pioneer in the U.S. stock tokenization market, xStocks has ignited the enthusiasm for cooperation in the crypto market in just two days. In addition to Kraken, Bybit, Raydium, Solflare, Kamino, Jupiter, Chainlink, AlchemyPay and other crypto platforms and projects have joined its alliance camp, and GMGN, Backpack and other platforms have also launched some U.S. stock token trading windows. Many people believe that this move may sound the clarion call for crypto assets to counterattack the U.S. stock market.

But in contrast, a series of problems followed. Can the tokens purchased by users on the xStocks platform be redeemed for US stocks? How is the price anchored? What is the specific fee? Does the purchase of US stock tokens have dividend rights or voting rights? My colleague Asher used GMGN to speculate on some US stock tokens today (for details, see I speculated on US stocks on the chain, and my mentality was floating on the first day ) , and encountered many detailed problems in the actual test. Although I can understand the general principle, according to the discussion of the Odaily Planet Daily reporter team, the specific practice still needs further verification and observation. In view of this, we have compiled a QA list for readers reference, and we also welcome everyone to leave a message to discuss related issues or point out errors.

Q1: What US stock tokens are currently supported by xStocks?
के अनुसार the xStocks official website , the U.S. stocks currently supported by the platform include:

Nvidia, Coinbase, Circle, Berkshire Hathaway, McDonalds, Chevrolet, Apple, Amazon, Mastercard, JPMorgan Chase, Meta (formerly Facebook), Tesla, Strategy, SP 500 and other 61 US stock tokens.

List of some US stock tokens

इसके अनुसार आधिकारिक वेबसाइट , compared with traditional stock brokers, the US stock tokens issued by xStocks have the advantages of 7*24 hours trading (Chainlink provides price oracle support), free transferability, no transaction fees (only for Kraken channel), support for DeFi integration and ease of use.

Advantages at a glance

Q2: Does the token have a 1:1 real stock reserve corresponding to US stocks? According to the existing information on the platform, xStocks does have corresponding 1:1 real stock reserves, but they are mainly managed by some cooperative custodians, so the authenticity of the information still needs to be verified.

के अनुसार Backed’s official website और xStocks’ US stock token introduction , most US stock custodians include the following institutions:

Maerki Baumann Co. AG, a Swiss private bank, focuses on investment consulting and asset management, and also provides services to external asset managers. The company is headquartered in Zurich and was founded in 1932. In addition to traditional private banking services, Maerki Baumann also provides sustainable investment solutions, professional consulting, personalized services, and indirect real estate investment. In addition, the company also cooperates with Bitcoin Suisse Ltd., a leading Swiss crypto financial service provider.

InCore Bank AG, a B2B transaction bank headquartered in Zurich-Schlieren, Switzerland, focusing on traditional and digital assets, was founded in 2007 and is a regulated bank supervised by the Swiss Financial बाज़ार Supervisory Authority (FINMA).

Alpaca Securities LLC is a US brokerage firm founded in 2015. Its official X-platform account is @AlpacaHQ .

As for the redemption mechanism of many US stock tokens, according to the information on the product page, the fund currently does not charge management fees, and may introduce a management fee of up to 0.25% per year in the future; when buying and redeeming, the maximum is 0.50% of the users investment value; the redemption amount is based on the market price of the stock (reference source: Nasdaq, https://finance.yah oo.com ), minus up to 0.5% investor fees (minimum US$100) , and the amount will be adjusted due to management fees, foreign exchange hedging errors, currency conversion, etc.

In addition, crypto KOL @_FORAB previously published an article analyzing the principle behind the circulation of xStocks coins and stocks , saying that (the tokenization of US stocks is mainly) controlled by the parent company registered in Switzerland, which controls Backed Assets in Jersey. They buy stocks in the US stock market through the channel of IBKR Prime under Interactive Brokers, and then transfer them to a segregated account under Clearstream. Clearstream is the depository under the Deutsche Börse, helping them to store these stocks. When the above purchase, transfer, and deposit operations are completed, the contract deployed on the Solana chain will be triggered, corresponding to the issuance of stock tokens, that is, for every 1,000 shares of Tesla stock purchased and stored, 1,000 TSLAx tokens will be minted on the chain at a 1:1 ratio.

Q3: Which platforms are xStocks’ crypto partners? According to the information released by xStocks official account and Backed official X platform account, its crypto partners include the following platforms and projects:

CEX: Kraken, Bybit (Byreal) , Crypto.com

Solana Ecology: Raydium, Kamino, Jupiter

Wallet: Solflare , FORDEFI

Oracle: चेन लिंक

Payment platform: AlchemyPay

Other support channels: backpack, GMGN

Official release of partner information

Q 4: Which service providers provide the corresponding services for x Stocks U.S. stock tokenization services?
Specifically, these US stock tokens are all issued and put on the chain by the issuer Backed, and the corresponding stock custodians are the US brokerage firm and two Swiss companies (banks) introduced above . In addition, they also include security agents and authorized participants.

It is worth noting that perhaps because the U.S. stock tokenized asset market is still in its early stages, xStocks does not currently have a market maker role.

Information source: https://assets.backed.fi/legal-documentation/service-providers

Q5 : Which countries and regions are included in the areas where xStocks and Backed platform services are disabled? के अनुसार the guidance information on Backed’s official website , the platform does not serve high-risk jurisdictions such as Iran, North Korea, Syria, and the United States.

In addition, it emphasized: Backed will not sell its tokens to U.S. persons, nor will it sell tokens for the account or benefit of U.S. persons, and the tokens will not be promoted, offered or solicited in the United States.

It can be seen that although it is engaged in the business of tokenizing U.S. stocks, it still stays away from the U.S. judicial system to avoid the risk of unregistered securities brought by the Mirror Protocol launched by Terra.

Q6 : Does holding US stock tokens entitle you to voting rights or dividends on the corresponding assets? विशेष रूप से, no.

स्रोत: https://assets.backed.fi/terms-of-service

In addition, xStocks’ US stock token-related buying and selling operations do not require KYC, but according to the guidance document information , individual users or corporate users related to the Backed platform must complete KYC before logging into the platform to participate in transactions.

Q7 : What are the arbitrage opportunities for Crypto Native people?
At present, in addition to enjoying the volatility of U.S. stocks by buying low and selling high, crypto investors can also gain returns by becoming LPs and other means.

In addition, due to factors such as liquidity and trading time difference, there is often a price difference between stock tokens and real stocks. It is recommended to read the article A Quick Look at 5 Arbitrage Opportunities under Coin-Stock Parallelism , which also provides references for time zone arbitrage, cross-market arbitrage, event-driven arbitrage, etc.

It is worth noting that since the LP pools corresponding to the platforms connected to xStocks are common, the opportunities for price arbitrage between these platforms are relatively small.

Q8 : If liquidity continues to be insufficient, will xStocks introduce new market-making mechanisms and market makers in the future? At present, the authorities have not given any further information, and representative figures in the crypto market industry have different opinions.

Jupiter co-founder Siong लिखा कि classic AMM is not suitable for stock tokens and a new AMM design is needed to achieve higher liquidity. Ordinary trading terminals are also not suitable, and there will be problems such as market value mismatch.

Yu Xian, founder of security company SlowMist, also लिखा कि after the tokenization of stocks, the stock market has new ways of playing in cryptocurrencies, but also new risks in cryptocurrencies. If it becomes popular, there will be innovation and conflict between the old and new worlds, and you will be in me and I will be in you.

As for the specific risks, I personally think that perhaps we can get a glimpse of the stock tokenization attempts promoted by platforms such as Terra and FTX, including but not limited to regulatory risks, price manipulation risks, and short-term volatility risks.

Q9 : Are the team members of Backed, the development company behind xStocks, the original team of Rug project DAOStack? Based on the information currently available, yes.

According to a previous article by crypto KOL @cryptobraveHQ, the team behind xStocks is the original zero-return project DAOStack. According to the relevant information of Backed, the Israeli development company behind XStocks, its first three co-founders Adam Levi, Yehonatan Goldman, and Roberto Isaac Klein were all co-founders of DAOStack in their previous entrepreneurial experience in the cryptocurrency circle, and DAOStack basically stopped updating and operating in 2020. After its token GEN IC0 raised about 30 million US dollars, the team was too lazy to even go to a small exchange, and just let the token return to zero after issuing it. The DAOStack team then started a business @xStocksFi, which was mainly driven by investors such as Coinbase. The relevant information of Backed Company is also recorded in detail on the LinkedIn interface.

For more information about this inside story, please see: A Deep Dive into xStocks Developer Backed: The Zero Teams Second Venture and the Growth of the Music Production Management Project.

Q10 : Will Backed issue its own tokens? The popularity of xStocks has also triggered market speculation about whether the company behind it, Backed, is planning to issue its own tokens. However, according to official documents, it has no plans to issue tokens.

स्रोत: https://docs.backed.fi/frequently-asked-questions

This article is sourced from the internet: 10 Questions for xStocks: What are we trading when we trade US stock tokens?

Related: Digital analysis of the RWA market: The market size surged 48% in the first half of the year, and ZKsync rebounded to be Original author: Frank, PANews In the first half of 2025, a relatively low-key track in the cryptocurrency world – the tokenization of real-world assets (RWA) – has seen a remarkable explosive growth. As of June 6, the total market value of the global RWA market has soared to US$23.39 billion (excluding stablecoins), a sharp jump of 48.9% from US$15.7 billion at the beginning of the year. Behind this growth, private credit (accounting for about 58%) and US Treasury bonds (accounting for about 31.2%) constitute the absolute dual core of the market, and the two together account for nearly 90% of the market share. However, behind this impressive report card lies deep-seated problems such as highly concentrated asset categories, limited liquidity, questionable transparency, and low correlation with the crypto-native ecosystem. RWA…

# विश्लेषण# बिटकॉइन# क्रिप्टो# डेफी# एक्सचेंज# मार्केट# टोकन© 版权声明सरणी 上一篇 Crypto CEX spot trading volume hits a nine-month low, and the gap between institutions and retail investors intensifies 下一篇 2025 Perp DEX Status: Strong Development Momentum, Transaction Volume Soaring 相关文章 2025 KOLs’ Most Used OKX Products Overview 6086cf14eb90bc67ca4fc62b 11,324 1 Why prediction markets are really not gambling platforms 6086cf14eb90bc67ca4fc62b 20,314 2 DeFAI: Reshaping the Intelligent Revolution of Decentralized Finance 6086cf14eb90bc67ca4fc62b 30,959 1 A Day to Gather Wall Street Old Money, LayerZero Begins Telling the Story of the “Wall Street Public Chain” 6086cf14eb90bc67ca4fc62b 6,741 A comprehensive review of the Bitcoin protocol layer in 2025 6086cf14eb90bc67ca4fc62b 17,766 1 Bitwise Chief Investment Officer: Three major opportunities I see from the SEC’s “Project Crypto”Recommended Articles 6086cf14eb90bc67ca4fc62b 23,261 1 कोई टिप्पणी नहीं टिप्पणी करने के लिए आपको लॉगिन होना होगा! तुरंत लॉगइन करें कोई टिप्पणी नहीं... नवीनतम लेख Did Jane Street “Manipulate” BTC? Decoding the AP System, Understanding the Power Struggle Behind ETF Creation and Redemption Pricing 15 घंटे पहले 533 Stop Comparing Bitcoin to Gold—It’s Now a High-Volatility Software Stock 15 घंटे पहले 632 Matrixport Research: $25 Billion Gamma Unwinding Imminent, Liquidity Yet to Return Behind the Rebound 15 घंटे पहले 594 ERC-5564: Ethereum’s Stealth Era Has Arrived, Receiving Addresses No Longer ‘Exposed’ 15 घंटे पहले 508 Hong Kong Regulatory Green Light: Asseto Enables DL Holdings to Achieve Compliance for Two RWA Business Implementations 15 घंटे पहले 565 लोकप्रिय वेबसाइटेंTempoLighterजीएआईबीग्लाइडरप्लांकरेल्सबीसीपोकरवूई Bee.com दुनिया का सबसे बड़ा Web3 पोर्टल भागीदारों कॉइनकार्प बिनेंस कॉइनमार्केटकैप कॉइनगेको कॉइनलाइव कवच बी नेटवर्क ऐप डाउनलोड करें और वेब3 यात्रा शुरू करें सफेद कागज भूमिकाएँ सामान्य प्रश्न © 2021-2026. सर्वाधिकार सुरक्षित।. गोपनीयता नीति | सेवाओं की शर्तें बी नेटवर्क ऐप डाउनलोड करें और वेब3 यात्रा शुरू करें दुनिया का सबसे बड़ा Web3 पोर्टल भागीदारों CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors सफेद कागज भूमिकाएँ सामान्य प्रश्न © 2021-2026. सर्वाधिकार सुरक्षित।. गोपनीयता नीति | सेवाओं की शर्तें खोज खोजइनसाइटऑनचेनसामाजिकसमाचार उत्तर: एयरड्रॉप शिकारी डेटा विश्लेषण क्रिप्टो हस्तियाँ ट्रैप डिटेक्टर हिन्दी English 繁體中文 简体中文 日本語 Tiếng Việt العربية 한국어 Bahasa Indonesia اردو Русский हिन्दी

智能索引记录