We are moving towards a financial system that is coordinated globally, where assets can move freely and are always on.
This leads to capital efficiency, unlocking fluid trading, lending and financing workflows.
The future is being built.
xNasdaq?
Soon.
The xStocks framework will power a new gateway connecting @Nasdaq’s tokenized equity markets with blockchain networks.
TradFi isn’t so traditional anymore.
The markets never close - so your trading shouldn’t either.
This is the world we are heading towards.
@krakenfx is leading the way for you - agentic trading, based on your input, continuously monitoring the markets.
Your AI best friend - making recommendations for you to approve.
Welcome to the future of finance.
https://t.co/0nUv2TmLAz
We care deeply about liquidity and slippage- some of the mechanisms we use to ensure liquidity and solid fills may not be super obvious at first glance, but the underlying effort shows up when you’re dealing in size.
Vetting issuers to trade tokenized stocks on DEXs should not end at just looking at the liquidities.
What you should do instead is to check the mechanism by which they operate. I was on Jupiter to get a fraction of SpaceX and I saw the liquidity gaps amongst the three issuers - @Backpack, @OndoFinance, and @xStocksFi.
Backpack had close to a million dollars in liquidity and Ondo and Xstocks barely had any. Tbh, it is more than that.
Slippage is the big catch here. You won’t see it with smaller trades, but become conspicuous with bigger ones.
Here is how a SPCX trade of up to $500k looks like on backpack, Ondo and xstocks.
image (1) backpack - loss of up to 10k to 20k due to slippage. They use AMM to complete the trades and depending on the available sellers, will determine the price you’ll be buying at.
image (2) Ondo - routes trade to Nasdaq and mints the token upon buy, so there is a guaranteed amount that lands in your wallet.
image (3) Xstocks - guaranteed fee as well as they really don’t work with the liquidity as shown. An automated bot that has the token executes the trade and prevents very inconsiderate slippages.
Read the article below to have a better picture of this.
The trillion-dollar chipmaker makes its US debut on @Nasdaq today.
Tokenized onchain from day one by @xStocksFi.
$SKHYx, the memory giant behind the AI boom, supplying most of the HBM that feeds @nvidia's chips, is joining Mantle's growing tokenized equities lineup.
Soon.
SK Hynix ($SKHYx) is now available across Solana, EVM, TON and leading exchanges.
One of the world's largest memory chip makers and top supplier to Nvidia, just listed on Nasdaq.
The largest-ever US listing by a foreign company. Tokenized on day one by xStocks.
"You still have news that happens on Saturday and Sunday. You don't see Alphabet shutting down over the weekend."
@valgui of @krakenfx, @xStocksFi, tells @JD_Durkin 24/7 trading is "a better representation of what actually happens in the real world," with liquidity and price discovery the next challenge to build out.
We've made a few changes to the Upstart Macro Index. Watch to learn more. If you've got questions about it, reply here and I'll answer tomorrow (7/9) morning.
https://t.co/PMdLdExqsk
BREAKING: Tokenized equities saw a record $3.4 billion in volume for the month of June.
This marks +279% month-over-month growth and +1,400% year-over-year growth.
The growth was primarily driven by SpaceX's record IPO and surging demand for 24/7 trading.
Furthermore, the Solana network now accounts for over 90% of volume traded in these assets.
A substantial amount of this volume growth has been driven by Jupiter, the largest onchain platform in the world, which has seen MoM volume growth of +56%, with ~60% of tokenized equity volume happening during off hours and weekends.
Tokenized asset growth is exploding.
SpaceX by @xStocksFi is listed in NOW Wallet!
Get onchain exposure to one of the most talked-about private companies through a tokenized asset, backed 1:1 by the underlying security.
Trade smarter. Stay onchain. Get @SpaceX xStock in NOW Wallet:
🚀 https://t.co/6go40xztta
Sleep loss does not have to be extreme to show up on the body.
Cutting sleep by about 80 minutes per night for six weeks added roughly one pound of body weight and half a centimeter to waist circumference.
Nasdaq last Wednesday, Mantle today.
The newest IPOs are all landing here. Bending Spoons ($BSPx), issued by @xStocksFi, now joins Mantle’s growing tokenized equities market.
Live for 24/7 trading and liquidity provision on @Fluxion_network through Atomic RFQ and AMM.
This includes xStocks.
Perps on Kraken Pro for tokenized equities like $SPCXx, solana:XsoCS1TfEyfFhfvj8EtZ528L3CaKBDBRqRapnBbDF2W, solana:Xs8S1uUs1zvS2p7iwtsG3b6fkhpvmwz4GYU3gWAmWHZ, solana:XsDoVfqeBukxuZHWhdvWHBhgEHjGNst4MLodqsJHzoB, solana:Xsc9qvGR1efVDFGLrVsmkzv3qi45LTBjeUKSPmx9qEh and solana:Xsv9hRk1z5ystj9MhnA7Lq4vjSsLwzL2nxrwmwtD3re.
0% / 0%
Still selling your $NVDAx to free up margin?
You don't have to. On Kraken Pro, 10 xStocks now work as collateral for futures and margin.
Get started ⤵️
https://t.co/q8RC71o4L7