$409.80

Gold xStock (GLDX) is a tokenized financial product designed to represent ownership in an underlying asset. Each token is backed on a 1:1 basis by the corresponding asset, and it is structured to comply with European Union regulations. The product is intended to provide a legal claim to the value of the stock it represents, while also being accessible to users outside the United States.

The token is built to function within the broader DeFi ecosystem, allowing it to be integrated with other protocols in the same way as other tokens. It offers access to a selection of 57 U.S. stocks and exchange-traded funds (ETFs) through both centralized and decentralized exchanges. The stated goal is to reduce traditional barriers to investing, such as geographic restrictions and intermediary requirements, by making these assets available in a tokenized format.