GMGN Partners with Backed to Launch xStocks for US Stock Trading on Solana Blockchain

On July 2nd, GMGN and Backed officially announced a strategic partnership to launch xStocks, a pioneering tokenized platform enabling seamless trading of US stocks on the Solana blockchain. This collaboration aims to leverage Solana’s high throughput and low transaction costs to enhance accessibility and efficiency in stock trading for crypto investors. By integrating traditional equity markets with blockchain technology, xStocks offers a novel approach to asset tokenization, potentially broadening investor participation and liquidity. The initiative reflects growing industry momentum toward decentralized finance (DeFi) solutions that bridge conventional finance and digital assets, positioning xStocks as a notable development in the evolving crypto ecosystem.