Last night, another big event was the emergence of a company called @ xStocksFi, which specializes in tokenization of US stocks. It quickly secured many partners in the industry, including CEX - @ krakenfx and @ Bybit_official, as well as Infra on the Solana chain. The top ten stocks in the US stock market can now be traded 24/7. I immediately bought some NVDAx through the @ Backpack_CN wallet and experienced it, which was quite smooth. In the future, buying US stocks may no longer require the hassle of opening an account in Hong Kong. I have compiled a few questions that I think may be of concern to everyone: ❓ Is liquidity feasible When I bought NVDAx, I found that the pool of this coin on Solana is indeed not large. It may also be because it has just been launched, with only 900000 and only 700+holders, which is relatively shallow ❓ How to match trading with real US stocks before they open? The principle of xStocks is that their parent company Backed Finance bought a bunch of US stocks and held them in custody in Jersey, issuing tokens based on these real stock assets, so there is no deviation risk in the long run. During the market closure period, the prices of tokens across the entire network follow Chainlink's oracle. If there is a significant deviation from the US stock price, arbitrageurs can profit by buying and selling tokens on the xStocks platform or other exchanges such as Kraken and Bybit, thereby driving prices back to a reasonable range. ❓ Can you withstand the black swan? The benefits of 24/7 trading are obvious, but the downside is that there may be a black swan when the US stock market has not yet opened and it may be smashed in advance. After carefully examining the mechanism of xStock, they are not responsible for market volatility losses during trading. However, if the deviation is too severe, the platform may suspend trading of certain tokens (similar to the traditional market circuit breaker mechanism) and wait for the price to stabilize after the US stock market opens. ❓ Do you support dividend distribution Support, but dividends will not be distributed in cash. Instead, more tokens of the same type will be automatically airdropped after a snapshot. ❓ Do I need to pay taxes and KYC? If you choose DEX instead of trading in CEX, theoretically it is not necessary. But it cannot be ruled out that the tax bureau you are in is relatively powerful. You can find your wallet address through on chain analysis, right? Haha. However, overall, if the liquidity on the blockchain is good in the future, there will be users from the US/EU/mainland who trade stocks and currencies for tax avoidance purposes.