Phantom Wallet Integrates xStocksFi for Stock Trading

Users can now buy and sell tokenized stocks 24 hours a day, seven days a week, without leaving the wallet.

Powered by xStocksFi, this feature allows investors to trade stocks of popular companies on Solana. They can do so while retaining full custody of their assets.

How Tokenized Stocks Work

Tokenized stocks are essentially digital tokens pegged to real shares. Each token represents ownership of a share or a fraction of a share, allowing for 24/7 trading without relying on traditional stock exchanges. This is particularly appealing to international investors who may face time zone limitations or brokerage restrictions.

With Phantom integrating xStocksFi, users can access these assets without needing a separate account on a conventional trading platform. The process is straightforward: users connect their Phantom wallet, select the stock they want to trade, and execute transactions directly on Solana’s high-speed network. This eliminates long settlement times and often high fees associated with traditional brokerage accounts.

A real-world example of this trend is FTX’s earlier tokenized stock offering, which allowed crypto users to gain exposure to global equities directly from the exchange. Although FTX faced regulatory challenges, the concept demonstrated strong demand for on-chain access to traditional assets. Phantom’s approach builds on this idea with a decentralized focus, giving users full control of their private keys and holdings.

More About xStocksFi

xStocks has just landed on Kraken in Europe, marking another leap for access and availability. European investors can now trade tokenized stocks directly through one of the region’s leading exchanges, expanding opportunities for on-chain exposure to traditional equities.

With this listing, xStocks continues its mission to be everywhere, making it easier than ever for users to buy, sell, and diversify their portfolios seamlessly across borders.

Disclaimer

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