Defrank
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Bullish
🔥Did you know you can buy shares of large companies on Solana? 🤔
What some thought could take years to happen is now a reality, and on the network of #solana , Xstocks designed by Backedfi finance is now available, allowing users to buy tokenized shares like Nvidia, Google, Microstrategy, among others, using only your Solana wallet without KYC.
This is something that has been talked about in the past, the ability to buy shares using #sol , stablecoins, and even #memecoins , is now possible thanks to this new advancement. It is known that for now there are more than 60 options to choose from among the most important companies and indices in the world.
What’s interesting is that these products offer on-chain exposure to the world's leading stocks with a 1 to 1 backing of the underlying value, you can buy a minimum value, it’s available 24/7, it can be transferred between wallets, it paves the way for use in #defi , and is accessible to everyone.
This is just the beginning for more protocols to come and develop more products related to traditional markets. The next products might be ETFs.
Do you think this is a good advancement for the crypto ecosystem?
👉More crypto updates ...
Share and follow me for more 👈😎
$SOL
What some thought could take years to happen is now a reality, and on the network of #solana , Xstocks designed by Backedfi finance is now available, allowing users to buy tokenized shares like Nvidia, Google, Microstrategy, among others, using only your Solana wallet without KYC.
This is something that has been talked about in the past, the ability to buy shares using #sol , stablecoins, and even #memecoins , is now possible thanks to this new advancement. It is known that for now there are more than 60 options to choose from among the most important companies and indices in the world.
What’s interesting is that these products offer on-chain exposure to the world's leading stocks with a 1 to 1 backing of the underlying value, you can buy a minimum value, it’s available 24/7, it can be transferred between wallets, it paves the way for use in #defi , and is accessible to everyone.
This is just the beginning for more protocols to come and develop more products related to traditional markets. The next products might be ETFs.
Do you think this is a good advancement for the crypto ecosystem?
👉More crypto updates ...
Share and follow me for more 👈😎
$SOL
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