$369.14

Tesla xStock (TSLAX) is a tokenized stock product designed to represent ownership of Tesla shares in a digital format. Each token is backed on a 1:1 basis by the underlying asset, meaning its value is directly tied to the corresponding stock. The product aims to reduce traditional barriers to investing, such as geographic restrictions and broker requirements, by making the asset accessible to a broader range of users, including those outside the United States.

The token is compliant with European Union regulations and offers a legal claim to the value of the underlying stock. It can be used within decentralized finance (DeFi) ecosystems, allowing holders to integrate it with other protocols in a manner similar to other tokens. Tesla xStock is part of a wider offering that includes access to 57 U.S. stocks and exchange-traded funds (ETFs), which are available through both centralized and decentralized exchanges. The product is positioned as a means to simplify participation in traditional equity markets using blockchain technology.