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SPYx Points to a Possible Route for Tokenized ETFs Into Solana DeFi

xStocks includes tokens tied to equities and ETFs, backed 1:1 by underlying assets and issued on supported blockchains such as Arbitrum.

Updated 1 min read
Anonymous hands check a smartphone on Wall Street near the New York Stock Exchange in Manhattan. / EconoTimes.ai
Anonymous hands check a smartphone on Wall Street near the New York Stock Exchange in Manhattan. / EconoTimes.ai

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Crypto commentator @tokenterminal cited SPYx in a discussion about whether decentralized finance (DeFi) apps on Solana might interact with tokenized exchange-traded funds (ETFs), a possibility that would link fund tokens with blockchain-based financial services.

The xStocks range includes SPYx and other tokens tied to equities and ETFs. Their backing is 1:1 with underlying assets, and issuance covers supported blockchains such as Arbitrum.

Enso describes an app integration that pairs transaction routing with DeFi actions for tokenized assets through one connection.

The discussion follows earlier coverage of Solana’s real-world-asset growth and efforts to connect tokenized assets with DeFi.

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