Xstocks requires using wallets such as Phantom and/or a decentralized Exchange.
Tokenized actions can be operated 24 hours a day, any day.
On June 30, from Jupiter, a decentralized exchange of solana native cryptocurrencies, They communicated that was already possible The purchase of tokenized shares that replicate the value of real companies, such as Google, Apple, Nvida, Meta, among others. That same day, Bybit, one of the largest exchanges in the world, extended its offer including that kind of assets issued in Solana.
Tokenized actions are digital representations of shares of companies traded in the stock marketissued as tokens SPL In the Solana network. They function as tokenized financial derivatives, which is not about stock market actions in themselves, even if they are anchored to the price of real shares.
The advantage of these actions is that they are traded like any cryptocurrency or token in a decentralized exchange (DEX), although they do not retain the same liquidity as the original actions, accessible from brockers and traditional markets.
The trading of tokenized actions is allowed by platforms like Xstocks.
The first thing is Enter Xstocks. Then, this platform leads to the various walks and services from where you can access the tokenized assets. You can connect using Bybit, Kraken, the Wallet Phantom, or directly going to the DEX as Jupiter or Raydium, as seen in the following image:
In this tutorial the Wallet Phantom will be used from the Chrome extension, therefore, it begins with discharge This application (one Hot Wallet With desktop versions and app mobile for iOS and Android) if you don’t have it.
Secondly, send Sol (the Native Solana Currency) to pay the network rates, in addition to the amount you are going to use to buy the tokenized shares. At the time of this article, according to SOLSCANthe average of the commissions in Solana is 0.00002477 Sol, which currently equivalent about 0.0036 dollars.
In a DEX such as Jupiter and Raydium it is possible to obtain the stocks using any cryptocurrency with liquidity availability on the platform, from Solana (Sun) and Stablocoins to Fartcoin.
The third step is Connect the Wallet Phantom with a list platform provided by Xstocks; For example, Jupiter, where you can buy shares -based tokens. From the internal application search engine of the Wallet Phantom you can write “Jupiter”, as seen in the following image:
By clicking “Jupiter” in the Phantom search engine, then you will see the DEX interface to the left of your screen (if you do this procedure from a desk browser). Connecting the Phantom wallet by clicking on “Connect” is the next step (green button in the lower margin of the previous image).
Now focus on Jupiter’s interface (left of the screen). In the internal search engine of the DEX (red box), it is possible to find the tokens issued by Xstocks, such as Googlx:
Once the Token is selected, you will access the interface of that asset (previous image). There, introduce the amount to change for the token googlx Using the exchange button in Jupiterand confirm the exchange, first on the platform, and then in your Phantom, but not before verifying the transaction application. Once purchased, the Token will be reflected in the balance of your Phantom account, where you can store, send or use in other solana apps.
It is also possible Copy the addresses of the contracts of each of those Xstocks tokens From his page and paste them in the DEX search engine (like Jupiter), to make sure the right token:
In the previous image Googlex, AMZNX and AAPLX represent the tokenized shares of companies such as Google, Amazon or Apple in Solana. These Xstocks tokens are not official or their issuance depends on the actions of the companies that replicate. This conflict is currently observed between the Robinhood financial platform, which issues tokenized shares of companies such as OpenAi, and this last corporation, which does not recognize those actions.
Tokenized actions in Solana, as offered by Xstocks, offer various use cases that combine traditional finance with digital assets.
For example, They can be used to make 24/7 trading with assets that replicate companies of companiesallowing to buy or sell at any time of the day, any day. This is not possible in traditional markets, since they work with time days.
In addition, tokenized actions facilitate self -ocustody in purses such as Phantom, giving direct control to the user.
In such a way, investors and users in general can participate in global markets, managing derivatives of assets that historically belonged to traditional finances, but now they find “aftershocks” in decentralized finances (DEFI).
