Tesla and Nvidia stocks in a DeFi wallet - is that possible!?
𧔠Now, yes. Let me explain
Right now, 2 companies have already launched products and 2 more are going through legal procedures with the SEC.
Backed Finance launched a line of xStocks (AAPLx, TSLAx, etc.) on the Solana blockchain last week.
Each coin is backed 1-to-1 by a real stock held by a Swiss custodian bank.
Transparency is ensured by Chainlink Proof-of-Reserve - anyone can verify that the stocks are actually in custody.
The second company involved in stock tokenization is Dinari dShares.
Dinari dShares received a U.S. broker-dealer license
(BD + ATS) - the first case of its kind.
dShares are already trading on the Base network and on Arbitrum (COIN.dw/USDC pool on Camelot).
But for now there is only one stock available - around 120 top U.S. stocks will be added in the coming months.
> What can you do with this?
1. Buy U.S. stocks 24/7 without opening an account with a U.S. broker and without freeze risks.
[ Transaction takes minutes, no paperwork ]
2. Use in DeFi
Lending: Kamino Lend already accepts xStocks as collateral - you can borrow stablecoins and start earning additional yield.
For example: Buy Apple stock, deposit it into a crypto bank, borrow stablecoins against it, and earn monthly income.
As a result: you have both a growth stock and instant yield.
Liquidity pools: Add, for example, COIN.dw + USDC to Camelot and earn trading fees.
3. Withdraw to ârealâ stocks
Thereâs also a reverse route: complete KYC (identity verification) with the issuer and swap the tokens for real stocks.
Both operators charge a 0.5% fee for issuance or redemption.
How does it all work under the hood? (in simple terms)
A tokenized stock is a regular blockchain token, but behind it is a real stock held by a licensed custodian. 1 token = 1 share.
Jurisdiction and regulation
Dinari â U.S., strict SEC oversight.
Backed â Switzerland, operates under the DLT law.
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