Chainlink has been integrated into xStocks as the oracle provider for pricing tokenized equities and ETFs.
Author: Sahil Thakur
Chainlink has been integrated into xStocks as the oracle provider for pricing tokenized equities and ETFs. The development marks another step in the ongoing convergence of traditional finance and decentralized systems.
xStocks offers tokenized versions of over 50 U.S. equities and ETFs. These assets now use Chainlink’s custom-built Data Streams for pricing. The oracles provide sub-second updates and verify corporate actions in real time. This gives users more accurate and responsive data while trading.
The xStocks platform is live on Solana and supports 24/5 trading. Unlike traditional markets, users can buy and sell tokenized assets nearly around the clock. Token holders can self-custody their assets and use them in DeFi. Supported actions include lending, borrowing, and liquidity provision.
xStocks tokens can already be used on major Solana DeFi platforms such as Kamino, Jupiter, and Raydium. Wallets like Phantom now support xStocks tokens, enabling users to interact with them directly onchain. More integrations are expected as the ecosystem grows.
Chainlink’s Proof of Reserve enables onchain verification of collateral backing each token. This increases transparency and helps ensure assets are fully backed. Chainlink’s CCIP (Cross-Chain Interoperability Protocol) is also supported. It allows xStocks to expand to other blockchains in the future.
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