PANews reported on October 14, according to Bitcoin Magazine, that Cake Wallet has integrated xStocks, allowing global users to trade stocks such as Google, Amazon, and Nvidia in a tokenized form within the app, emphasizing privacy and low barriers to entry. The issuer is Switzerland's Backed.fi, which has been operating since 2021; users may have no voting rights, and the dividend mechanism is not clearly defined. This service is not available to users in the United States, Australia, Canada, Belgium, the United Kingdom, Afghanistan, Belarus, Cuba, Iran, or North Korea due to regulatory restrictions and may conduct geographical screening via IP. Similar products have been launched by Phantom, which do not require personal information other than the private key.
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