Back

Ave.ai Launches On-Chain US Stock Section with 70 Tokenized Stocks

BNB Chain's xStocks will enable trading of tokenized US stocks on PancakeSwap, enhancing access to digital asset trading for users.

BNB
CAKE

Summary

BNB Chain is set to launch xStocks, allowing users to trade tokenized US stocks such as AAPLx, TSLAx, NVDAx, and SPYx on PancakeSwap later this month. Supported by Kraken and Backed, these on-chain tokens are linked to US stocks but do not represent investment offers or advice.

Terms & Concepts
  • xStocks: A system for trading tokenized versions of US stocks on blockchain platforms, enhancing access to traditional equities in a digital format.
  • tokenized US stocks: Digital representations of traditional stocks that enable trading through blockchain technology.
  • PancakeSwap: A decentralized exchange (DEX) on the Binance Smart Chain, allowing users to swap various tokens and trade assets.