xStocks Settlement Layer

◆ Description

CoW Protocol becomes the settlement layer for xStocks tokenized stocks trading as xStocks expands its offering with BSPx now live.

◆ Why it matters

This puts CoW Protocol into live settlement for tokenized stock trading, which expands its role beyond crypto-native flow and supports a broader utility and positioning re-rate. The impact is real because the integration is live, but the upside remains contained until trading volume and direct value capture for COW are visible.