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

Deep Dive

1. Purpose & Value Proposition

QQQX bridges traditional finance (TradFi) and crypto by tokenizing the Invesco QQQ Trust, an ETF tracking the Nasdaq-100 Index. This lets crypto users gain exposure to blue-chip tech stocks like Amazon and Nvidia without leaving blockchain ecosystems. The tokenization process adheres to regulatory standards, ensuring compliance while retaining crypto’s benefits (24/7 trading, fractional ownership).

2. Technology & Architecture

QQQX tokens exist as ERC-20 (Ethereum) and SPL (Solana) assets, enabling compatibility with decentralized apps and exchanges. Each token is 1:1 backed by shares held in segregated, bankruptcy-remote accounts managed by regulated custodians like InCore Bank. Dividends and corporate actions (e.g., stock splits) are automated via token rebasing, eliminating manual claims.

3. Key Differentiators

Unlike unregulated tokenized stocks, QQQX complies with the Swiss DLT Act and operates under an EU-approved prospectus. Its open architecture allows integration with major blockchains (e.g., TRON) and exchanges (KuCoin, LBank) via the xStocks Alliance, ensuring liquidity and cross-platform usability.

Conclusion

QQQX is a regulated gateway for crypto investors to access Nasdaq’s top tech equities via blockchain efficiency. By combining TradFi reliability with DeFi flexibility, it exemplifies the tokenization movement’s potential. Will its multi-chain framework become the standard for bridging asset classes?