What is Nasdaq tokenized ETF (xStock) (QQQX)?

Deep Dive

1. Purpose & Value Proposition

QQQX bridges crypto and traditional finance by tokenizing Invesco QQQ Trust (CoinMarketCap). This lets investors gain Nasdaq-100 exposure—a benchmark for tech giants—without leaving blockchain ecosystems. It targets crypto users seeking diversified equity exposure with faster settlement and 24/7 trading.

2. Technology & Architecture

Each QQQX token is 1:1 collateralized by Invesco QQQ shares held in segregated accounts managed by regulated custodians like Alpaca Securities. Dividends and corporate actions (e.g., stock splits) are automatically reflected via token rebasing. The dual-chain design (ERC-20/SPL) ensures compatibility with major DeFi platforms and centralized exchanges.

3. Key Differentiators

Unlike synthetic stock tokens, QQQX complies with the Swiss DLT Act and operates under an EU-approved prospectus, reducing regulatory risk. Its “bankruptcy-remote” structure ensures token holders retain direct claims to collateral even if issuers face insolvency (xStocks). Partnerships with KuCoin and TRON enhance liquidity across 200+ countries.

Conclusion

QQQX merges traditional ETF accessibility with blockchain’s efficiency, offering a compliant gateway to tech-sector equities. Its multi-chain design and robust legal framework position it as a hybrid TradFi/DeFi instrument. How might its integration with DeFi protocols reshape cross-asset liquidity in crypto markets?