Microsoft xStockPrice

(MSFTX)

Microsoft xStock, known by the ticker MSFTx, is a Web3 project that offers tokenized versions of Microsoft Corporation common stock. This project functions by creating tracker certificates that are issued as digital tokens on blockchain networks, specifically using the Solana SPL and Ethereum ERC-20 standards. The primary goal of the project is to provide cryptocurrency market participants with a way to gain exposure to the price movements of traditional equity markets while utilizing the technological advantages of decentralized finance. The MSFTx tokens are designed to be backed on a one to one basis by actual shares of Microsoft Corporation. These underlying shares are held in custody by a regulated third party custodian to ensure the digital tokens accurately reflect the value of the underlying asset. Because the tokens exist on the blockchain, they can be integrated into various decentralized finance protocols, allowing users to use them in ways that traditional stocks cannot be used, such as for collateral in certain Web3 applications. It is important to note that holding MSFTx tokens is not the same as owning legal shares in Microsoft Corporation. Token holders do not receive direct shareholder rights, such as voting privileges or direct communications from the company. Instead, the project serves as a bridge between traditional finance and the crypto ecosystem, offering 24/5 access to stock price tracking in eligible jurisdictions. This setup is intended to provide a more flexible and transparent alternative to traditional brokerage accounts for users who prefer to manage their assets within a blockchain environment. The project is typically associated with issuers like Backed Assets, which focus on bringing real world assets onto the blockchain through regulatory compliant frameworks. By tokenizing established equities, the project aims to reduce barriers to entry for global users and enable fractional participation in the performance of major technology companies. Use of the tokens is generally restricted to eligible retail and institutional clients in specific geographic regions, following applicable financial regulations. Learn more

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