Solana上的XSTOCKS：象徵性股票革新金融

探索Xstocks是如何將傳統股票帶入Solana區塊鏈的方式，為投資者和Defi愛好者提供了新的機會。

xStocks on Solana: Tokenized Stocks Revolutionizing Finance

Solana上的XSTOCKS：象徵性股票革新金融

The intersection of traditional finance and blockchain is heating up with xStocks on Solana. Launched in July 2025, this innovation allows investors to engage with tokenized U.S. stocks and ETFs, bridging the gap between conventional markets and decentralized finance (DeFi).

傳統金融和區塊鏈的交匯處正在用Solana上的Xstocks加熱。這項創新於2025年7月啟動，允許投資者與令牌化的美國股票和ETF互動，從而彌合了傳統市場與分散融資（DEFI）之間的差距。

What are xStocks?

什麼是Xstocks？

xStocks are tokenized representations of publicly traded stocks on a blockchain. Think of them as digital twins of your favorite companies like Apple (AAPL), Tesla (TSLA), or Nvidia (NVDA). These tokens mirror the value of the real stocks, offering a novel way to invest without directly owning the underlying shares. Backed Finance is a key player, ensuring each xStock is backed 1:1 by actual shares held by regulated custodians.

Xstocks是區塊鏈上公開交易股票的令牌化表示。將它們視為您最喜歡的公司的數字雙胞胎，例如Apple（AAPL），Tesla（TSLA）或NVIDIA（NVDA）。這些代幣反映了真實股票的價值，提供了一種新穎的投資方式，而無需直接擁有基礎股票。支持的財務是關鍵參與者，確保每個Xstock都由受監管的託管人持有的實際股票支持1：1。

How Do xStocks Work?

Xstocks如何工作？

A regulated entity like Backed Finance holds the actual shares. For every share, an xStock token is created on the Solana blockchain. These xStocks can be traded on platforms like Kraken and Bybit, offering 24/5 trading. Transactions are settled instantly on-chain, sidestepping traditional settlement delays. Plus, you can withdraw xStocks to compatible wallets, putting you in control.

像支持財務這樣的受監管實體持有實際股份。對於每個份額，都會在Solana區塊鏈上創建一個Xstock令牌。這些Xstocks可以在Kraken和Bybit等平台上進行交易，提供24/5的交易。交易立即結束，避開了傳統的解決延遲。另外，您可以將Xstocks提取到兼容的錢包中，以控制您。

Top Tokenized U.S. Equities on Solana

在Solana上的頂級美國股票

Several xStocks stand out:

幾個Xstock脫穎而出：

• AAPLx: Tokenized exposure to Apple Inc.
• TSLAx: Tokenized access to Tesla Inc.
• NVDAx: Represents tokenized shares of Nvidia Corporation.
• COINx: Provides tokenized exposure to Coinbase Global Inc.
• SPYx: Represents tokenized shares of the SPDR S&P 500 ETF Trust.

Solana's Role

索拉納的角色

xStocks leverage the Solana network, integrating directly with DeFi protocols like Raydium, Jupiter, and Kamino. This composability allows users to swap tokens, lend, borrow, and stake against tokenized stocks, opening up complex financial strategies.

Xstocks利用Solana網絡，直接與Raydium，Jupiter和Kamino等FEFI協議集成。這種合成性使用戶可以將代幣，借入，借貸和利益與令牌化股票交換，並開放複雜的財務策略。

The Million-Dollar Milestone

百萬美元的里程碑

The xStocks ecosystem quickly surpassed $1.33 million in trading volume, involving over 1,200 unique traders. While 61 stock tokens are available, most activity centers around NVDA, MSTR, TSLA, CRCL, SPY, and AAPL.

Xstocks生態系統迅速超過了133萬美元的交易量，涉及1200多個獨特的交易者。雖然有61個庫存令牌可用，但大多數活動中心都在NVDA，MSTR，TSLA，CRCL，間諜和AAPL附近。

Challenges and Solutions

挑戰和解決方案

Early models faced issues like limited liquidity and price dislocations. High-friction minting/redemption mechanisms hindered arbitrage. Ondo Global Markets addresses this by inheriting liquidity from public markets, ensuring seamless onchain access to traditional exchange liquidity.

早期模型面臨著有限的流動性和價格脫位等問題。高摩擦鑄造/救贖機制阻礙了套利。 Ondo全球市場通過從公共市場上繼承流動性來解決這一問題，從而確保無縫接觸傳統的交換流動性。

Strategic Partnerships

戰略夥伴關係

Backed Finance has formed strategic alliances with exchanges like Bybit and Kraken. Bybit integrated xStocks directly into its Spot platform, while Kraken is rolling them out in over 185 countries. These partnerships, including the xStocks Alliance with Chainlink, Raydium, Jupiter, and Kamino, aim to bridge DeFi and traditional finance.

支持的財務已與Bybit和Kraken等交流建立了戰略聯盟。 Bybit將Xstocks直接集成到了其現貨平台中，而Kraken將其推出了185多個國家 /地區。這些合作夥伴關係，包括與Chainlink，Raydium，Jupiter和Kamino的Xstocks聯盟，旨在彌合Defi和傳統財務。

Considerations and Risks

考慮和風險

While xStocks offer many advantages, they also come with considerations. xStocks are not currently available to U.S. persons or residents due to regulatory restrictions. Also, xStocks do not grant shareholder rights such as voting or dividends.

儘管Xstocks具有許多優勢，但它們也帶來了考慮。由於監管限制，XSTOCKS目前尚未適用於美國人或居民。此外，Xstocks不授予股東權利，例如投票或股息。

Securing Your xStocks

固定XSTOCKS

For secure storage, consider using hardware wallets like Tangem, which offers offline cold storage for your xStocks.

對於安全存儲，請考慮使用Tangem之類的硬件錢包，該錢包為您的XSTOCK提供了離線冷藏。

The Future is Tokenized

未來是標記的

xStocks represent a significant step towards integrating traditional finance with the blockchain world. With increasing adoption and innovative solutions to early challenges, tokenized stocks on Solana are poised to reshape the future of investing.

Xstocks代表了將傳統金融與區塊鏈世界融合的重要一步。隨著對早期挑戰的收養和創新解決方案的越來越多，Solana上的標記股票有望重塑投資的未來。

So, what are you waiting for? Dive into the world of xStocks and ride the wave of financial innovation. Just remember, do your own research and happy trading, ya'll!

那麼，您還在等什麼？深入Xstocks世界並駕駛金融創新浪潮。請記住，進行自己的研究和愉快的交易，是的！