What are tokenized US stocks on Pintu?

Tokenized US stocks on Pintu are digital tokens whose prices track real-world US stocks. For simplicity, the term “stocks” in this context also covers ETFs and other publicly traded assets.

These tokens are issued by two regulated global tokenization platforms: xStocks/Backed Finance (identified by the X suffix) and Ondo (identified by the -on suffix). Both issuers fully back their tokens with the underlying assets, which are held by licensed custodians.

Tokenized stocks are designed to mirror the price movement of the real asset. They provide equivalent economic exposure to holding the underlying stock or ETF, including reinvested dividends after applicable withholding taxes (depending on the issuer’s structure).

Examples:

• Tesla’s real ticker is TSLA, and the Ondo version is TSLAon.
• Microsoft’s real ticker is MSFT, and the xStocks version is MSFTX.
  You can think of:
• “X” as the signature for xStocks,
• “-on” as the signature for Ondo or onchain.