Tencent xStock is a tokenized share issued by Backed Finance (xStocks) that tracks Tencent (TCENT) 1:1. Each token is backed by the underlying security held by a regulated custodian and can be traded on Solana around the clock, including when traditional markets are closed.
Every TCENTx is backed 1:1 by a real TCENT share held by a regulated custodian for the issuer. Supply on-chain can never exceed shares in custody.
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