Open source crypto wallet Cake Wallet has introduced xStocks, a self-custodial feature that lets users invest in tokenised global stocks and ETFs using cryptocurrencies, merging traditional investing with Web3 privacy and control.
Open source and privacy-focused crypto wallet Cake Wallet has launched xStocks, a new feature that enables users to invest in tokenised stocks and ETFs directly through its decentralised app. The integration bridges traditional financial markets with Web3, allowing investors to access global equities using Monero (XMR), Bitcoin (BTC), and Ethereum (ETH) while retaining full control of their assets.
Through xStocks, users can invest in tokenised shares of major companies such as Google, Amazon, and Nvidia, along with other blue-chip equities and ETFs. All trades take place within a self-custodial framework, eliminating the need for intermediaries like banks or brokers. The functionality is powered by the LetsExchange API, ensuring seamless crypto-to-tokenised asset conversions without leaving the Web3 environment or surrendering custody.
“With Cake Wallet, anyone can be their own bank and their own brokerage, saving and investing from the same decentralised ecosystem. xStocks gives users complete control of their financial destiny, without compromising on privacy or accessibility,” said Vikrant Sharma, CEO of Cake Labs.
“It is great to see xStocks trading available in Cake Wallet, one of the most trusted wallets in the crypto space,” added Alex J., Chief Product Officer at LetsExchange.
The launch aligns with Cake Wallet’s broader DeFi strategy, following the earlier rollout of dEURO, a stable digital euro offering 10% APR. Together, dEURO and xStocks form a comprehensive DeFi ecosystem for saving, yield generation, and equity investing.
