Amazon tokenized stock (xStock)

AMZNX is a tokenized representation of Amazon stock issued on the Solana blockchain. It is designed to mirror the value of Amazon shares, allowing holders to gain exposure to the company through a digital token. The token's name and ticker indicate its link to Amazon, while its underlying infrastructure is Solana.

AMZNX operates on Solana, a high-performance blockchain. The token is created and transferred using Solana's standards, meaning transactions are recorded on Solana's ledger. Tokenized stocks like AMZNX typically represent a claim on underlying shares held by a custodian, but the specific issuance mechanism for AMZNX is not detailed in available facts.

The purpose of AMZNX is to provide a blockchain-based token that tracks Amazon stock. It enables users to hold and transfer exposure to Amazon in a tokenized form on Solana. The token's value is intended to follow the performance of Amazon shares, though the exact redemption or backing process is not specified.

Most Solana tokens are native to the network, representing digital assets or utilities within the ecosystem. AMZNX, by contrast, is a tokenized stock, meaning it represents an off-chain traditional security—Amazon shares—rather than a purely on-chain asset. This distinction makes it a bridge between traditional finance and blockchain.

Amazon tokenized stock (xStock) (AMZNX) is a cryptocurrency and operates on the Solana platform. Amazon tokenized stock (xStock) has a current supply of 500,512. 59627595 with 27,238.

Amazon tokenized stock (xStock) is currently priced at $259.57, down 1.97% in the last 24 hours. It is ranked #1027 by market capitalization. Over the past 7 days, AMZNX is down 6.05%.

Amazon tokenized stock (xStock) has a market capitalization of $7.07M. The 24-hour trading volume is $17.75M, reflecting the total value of AMZNX traded across all exchanges in the last day.