VALR Introduces Tokenized US Equities (xStocks) to African Market
VALR, Africa's largest crypto exchange by trade volume, has launched xStocks, tokenized representations of U.S.-listed equities and ETFs. This innovation allows users price exposure to companies like Tesla and NVIDIA.
xStocks are 1:1-backed by the underlying assets and are tradable against USDT, BTC, ETH, and ZAR on VALR's platform. They can also be deposited and withdrawn via the Solana network.
This move signifies VALR's commitment to financial inclusion and the tokenization of real-world assets, bridging traditional finance and the crypto economy. The offering aims to expand to the rest of the continent and globally.