GMGN and Backed have announced a strategic partnership to launch xStocks, a tokenized platform designed to enable the trading of US stocks on the Solana blockchain.
This initiative directly integrates traditional equity markets with blockchain technology, allowing users access to tokenized representations of US stocks.
The launch of xStocks represents significant momentum toward decentralized finance (DeFi) solutions bridging traditional finance and innovative blockchain ecosystems.
By leveraging Solana’s network capabilities, the platform aims to provide new avenues for interacting with traditional financial assets.