Meta xStockPrice

(METAX)

METAX is a tokenized version of Meta Platforms stock, functioning as a tracker certificate. It allows users to trade stock exposure directly on the blockchain through formats like Solana SPL or Ethereum ERC-20. It mirrors the price movements of the underlying NASDAQ-listed Meta stock. It is important to note that METAX is not issued directly by Meta Platforms, Inc. Instead, it is a third-party synthetic or collateralized asset provided by a tokenization entity that holds the underlying shares.

METAX is designed to be fully collateralized on a 1:1 basis by actual Meta shares. These underlying shares are held in custody by regulated financial institutions and banks. This structure ensures that every token in circulation represents a physical share held in reserve. By using regulated custodians, the project aims to provide transparency and security, ensuring the token is backed by tangible assets rather than being unbacked paper exposure.

A significant benefit of METAX is the ability to trade 24/7. Unlike traditional stock exchanges which operate on specific weekday market hours, METAX is available on crypto platforms like LBank at any time. This allows traders to react to global news or market shifts instantly. Additionally, METAX supports fractional ownership, enabling users to purchase exposure with as little as $1, which is often more accessible than buying full shares through traditional brokerages.

METAX is accessible across several major blockchain networks, including Solana (SPL), Ethereum (ERC-20), and BNB Smart Chain (BEP-20). Regarding dividends, since Meta Platforms initiated dividend payments in 2024, tokenized versions typically account for these. Usually, the token issuer ensures that the value of the dividend is reflected in the token's price or distributed directly to the holders, allowing crypto investors to benefit from the total return of the underlying stock.

Yes, METAX provides utility beyond simple trading. As a blockchain-based asset, it can be integrated into various DeFi protocols. Users can potentially use METAX as collateral on lending platforms to borrow other assets without selling their stock exposure. It is also compatible with decentralized exchanges, allowing for liquidity provision or automated trading strategies. This brings traditional equity value into the programmable world of Web3, offering more flexibility than traditional stock holdings.

METAX can be traded on leading crypto exchanges like LBank, as well as various decentralized exchanges. Regarding safety, the asset is typically structured to be bankruptcy remote. This means the underlying collateral held by regulated custodians is legally separated from the issuer's own assets. In the event of the tokenization provider's insolvency, the shares backing METAX should remain protected and accessible for redemption, providing a layer of security for on-chain investors.