Cisco xStock (CSCOX) Price
CSCOX RANK #3752About Cisco xStock
Cisco xStock (CSCOx) is a Solana-based tokenised certificate reflecting Cisco Systems, Inc. stock. Issued by Backed Finance, it provides blockchain-based access to the underlying equity for eligible participants.
What are xStocks and what are they used for?
xStocks are digital tokens that represent fractional ownership of specific U.S.-listed stocks or exchange-traded funds (ETFs). Each token corresponds 1:1 to an underlying asset, which is held in custody by Backed Finance. Issued on the Solana blockchain, xStocks allow for transfer and trading of these representations on-chain. They are used for purposes such as trading on supported exchanges, portfolio diversification, and participation in certain decentralised finance (DeFi) applications.
What is Cisco xStock (CSCOx)?
Cisco xStock (CSCOx) is a tokenised tracker certificate designed to reflect the price of Cisco Systems, Inc. stock (NASDAQ: CSCO). It is issued on the Solana blockchain. The product enables eligible participants to gain on-chain exposure to Cisco through a regulatory-compliant structure.
The underlying asset is issued by Cisco Systems, Inc., a global technology company that provides networking, cybersecurity, collaboration, and cloud solutions. Cisco’s product range includes networking hardware, software, and services aimed at enabling secure and scalable digital infrastructure.
