Solana上的XSTOCKS：象征性股票革新金融

探索Xstocks是如何将传统股票带入Solana区块链的方式，为投资者和Defi爱好者提供了新的机会。

xStocks on Solana: Tokenized Stocks Revolutionizing Finance

Solana上的XSTOCKS：象征性股票革新金融

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).

传统金融和区块链的交汇处正在用Solana上的Xstocks加热。这项创新于2025年7月启动，允许投资者与令牌化的美国股票和ETF互动，从而弥合了传统市场与分散融资（DEFI）之间的差距。

What are xStocks?

什么是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是区块链上公开交易股票的令牌化表示。将它们视为您最喜欢的公司的数字双胞胎，例如Apple（AAPL），Tesla（TSLA）或NVIDIA（NVDA）。这些代币反映了真实股票的价值，提供了一种新颖的投资方式，而无需直接拥有基础股票。支持的财务是关键参与者，确保每个Xstock都由受监管的托管人持有的实际股票支持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.

像支持财务这样的受监管实体持有实际股份。对于每个份额，都会在Solana区块链上创建一个Xstock令牌。这些Xstocks可以在Kraken和Bybit等平台上进行交易，提供24/5的交易。交易立即结束，避开了传统的解决延迟。另外，您可以将Xstocks提取到兼容的钱包中，以控制您。

Top Tokenized U.S. Equities on Solana

在Solana上的顶级美国股票

Several xStocks stand out:

几个Xstock脱颖而出：

• 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

索拉纳的角色

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网络，直接与Raydium，Jupiter和Kamino等FEFI协议集成。这种合成性使用户可以将代币，借入，借贷和利益与令牌化股票交换，并开放复杂的财务策略。

The Million-Dollar Milestone

百万美元的里程碑

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生态系统迅速超过了133万美元的交易量，涉及1200多个独特的交易者。虽然有61个库存令牌可用，但大多数活动中心都在NVDA，MSTR，TSLA，CRCL，间谍和AAPL附近。

Challenges and Solutions

挑战和解决方案

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.

早期模型面临着有限的流动性和价格脱位等问题。高摩擦铸造/救赎机制阻碍了套利。 Ondo全球市场通过从公共市场上继承流动性来解决这一问题，从而确保无缝接触传统的交换流动性。

Strategic Partnerships

战略伙伴关系

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.

支持的财务已与Bybit和Kraken等交流建立了战略联盟。 Bybit将Xstocks直接集成到了其现货平台中，而Kraken将其推出了185多个国家 /地区。这些合作伙伴关系，包括与Chainlink，Raydium，Jupiter和Kamino的Xstocks联盟，旨在弥合Defi和传统财务。

Considerations and Risks

考虑和风险

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.

尽管Xstocks具有许多优势，但它们也带来了考虑。由于监管限制，XSTOCKS目前尚未适用于美国人或居民。此外，Xstocks不授予股东权利，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.

对于安全存储，请考虑使用Tangem之类的硬件钱包，该钱包为您的XSTOCK提供了离线冷藏。

The Future is Tokenized

未来是标记的

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代表了将传统金融与区块链世界融合的重要一步。随着对早期挑战的收养和创新解决方案的越来越多，Solana上的标记股票有望重塑投资的未来。

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!

那么，您还在等什么？深入Xstocks世界并驾驶金融创新浪潮。请记住，进行自己的研究和愉快的交易，是的！