$102.15

Circle xStock (CRCLX) is a tokenized stock product designed to provide broader access to traditional equity markets. The token is backed on a 1:1 basis by the underlying asset, and it offers a legal claim to the stock’s value. It is structured to comply with European Union regulations and is intended for use by non-US investors.

The product aims to remove common barriers to investing, such as geographic restrictions and broker requirements. It is available on both centralized and decentralized exchanges, providing access to 57 US stocks and exchange-traded funds. As a token, it can be integrated with decentralized finance protocols, allowing it to function like other digital assets within those ecosystems. The description notes its composability with DeFi applications, though specific technical details or performance figures are not provided.