Hyperliquid has integrated xStocks tokens into its spot trading platform via Chainlink CCIP, enabling traders to access 1:1 backed tokenized US stocks like AAPLx and NVDAx. These tokens, developed by Backed Finance (Kraken Group), use a burn-and-mint mechanism for cross-chain transfers to maintain supply integrity. At least 10 xStocks tickers are now available on Hyperliquid’s spot markets. This integration represents a significant expansion for Hyperliquid, primarily known for perpetual futures, into spot trading products for tokenized equities.
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