What is Meta tokenized stock (xStock) (METAX)?

Deep Dive

1. Purpose & Value Proposition

METAX acts as a regulatory-compliant bridge between traditional equities and crypto markets. By tokenizing Meta’s stock (NASDAQ: META), it allows global investors to:
- Trade fractional shares without brokerage accounts
- Access Meta’s price movements through crypto wallets
- Earn yield via DeFi protocols while holding equity exposure

Developed by Backed Finance, each METAX token is 1:1 collateralized by actual Meta shares held in Swiss-regulated custody, combining TradFi stability with blockchain’s borderless access.

2. Technology & Ecosystem

Built on a dual-chain standard (Solana + Ethereum), METAX leverages:
- Chainlink oracles – For real-time stock price feeds and dividend distribution tracking
- Pyth Network’s RFQ system – Enables low-slippage swaps via platforms like Kamino Finance
- Cross-Chain Interoperability Protocol (CCIP) – Facilitates transfers between blockchains

The token is integrated into major DeFi ecosystems, including Raydium liquidity pools and Jupiter’s trading aggregator, allowing holders to stake, lend, or trade METAX alongside crypto assets.

3. Key Differentiators

Unlike synthetic stock tokens, METAX:
- Is fully backed by real equity holdings (audited via Proof of Reserve)
- Supports corporate actions like dividends, distributed automatically to holders’ wallets
- Operates within a regulated framework, targeting institutional and retail adoption simultaneously

Conclusion

METAX exemplifies the convergence of traditional finance and decentralized infrastructure, offering stock exposure without geographic or time-bound limitations. As tokenized equities gain traction, will METAX’s multi-chain design and compliance focus position it as a model for future stock tokenization efforts?