CycleX has now formally entered into a strategic alliance with xStocks to transform the stock trading industry with powerful blockchain integration.
The partnership, unveiled through the official Twitter account of CycleX, is centered on speeding up the tokenized stock market development and on breaking the divide between conventional finance and decentralized technologies.
The collaboration is characterized by the mutual desire to provide more transparent, flexible and accessible trading solutions to its users in any region. Each of the two platforms comes with its strengths: CycleX as a top-tier tokenization system and xStocks as a first mover in on-chain tokenized equities.
Driving Innovation and Market Transparency
CycleX pointed out that the collaboration will result in product innovation, improved product trading details, and a greater user experience. The partnership will enable smooth trading of real-world stocks with blockchain underpinnings through the xStocks infrastructure using the xStocks token minting framework, both developed by @BackedFi.
xStocks are currently tradable on both decentralized and centralized exchanges, particularly in the USA, and there are more than 50 tokenized stocks on the platform. This high-size catalog enables the retail and institutional users to access equities on-chain, but with the advantages of more rapid settlement, always-open trading, and reduced entry requirements.
The partnership is also likely to consider new trading attributes, compliance systems, and instruments to take regulated tokenized securities into day-to-day usage.
CycleX Strengthens Its Tokenization Ecosystem
Showing a strong connection to blockchain innovators like Chainlink, Plume Network and KCLabs, CycleX is now an industry player in the tokenization industry.
The new collaboration with xStocks will enhance its goal of revolutionizing the method of traditional financial assets representation and trading.
CycleX will improve its product offerings and better serve a wider global trading community by adhering to the innovative mentality of xStocks. Their mutual concern with the deployment of scalable, efficient, and compliant stock trading platforms makes both companies important actors in the sparkling vertical of tokenized finance.
Global Implications for Tokenized Asset Markets
With the increased momentum in tokenizing assets, such collaborations are beneficial to the maturity of infrastructure as well as consumer confidence.
Real world assets, such as equities, have already been tokenized and by the end of the decade, the industry is expected to be worth trillions of dollars.
The partnership will be significant in achieving that vision, as it will help provide its users worldwide with efficient access points into tokenized stock markets without compromising on either regulatory status or user interface.
Conclusion
The CycleX and xStocks partnership is not merely a business partnership, but an innovative attempt to transform the way the world interacts with equity markets. The two companies have plans to popularize the trading of tokenized stock by relying on blockchain-based openness and accessibility.
