xStocks Secures $1 Million Liquidity for 5 Assets

The hyper-liquid native spot market for five xStocks (xStocks) has shown a single asset liquidity of approximately $1 million, with an average spread of 8 to 12 basis points. These products are tokenized stocks and ETFs linked to the prices of Nvidia, SK Hynix, Micron, and U.S. ETFs. The listed xStocks include Micron xStock (MUx), SK Hynix xStock (SKHYx), Nvidia xStock (NVDAx), Nasdaq 100 ETF xStock (QQQx), and S&P 500 ETF xStock (SPYx). Trading is supported 24/7, and xStocks has placed tokenized stocks and ETFs on the hypercore order book. Hypercore is a native trading engine that handles the on-chain order book and trading functions of hyper-liquid assets. All xStocks products are traded in the USDC market. Tokenized stocks are products that implement the economic exposure of actual stocks or ETFs as blockchain tokens, traded in the on-chain market separately from the regular trading hours of traditional stock exchanges. However, holding tokens does not imply shareholder status in the underlying stocks. xStocks presented its hyper-liquid offerings as part of an expansion strategy connecting hyperVM and hypercore. Solana (SOL) has been selected as the first supported network for the direct bridge of hyperVM.

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