📋Dividends & Stock Splits

xStocks tokens are fully collateralized security tokens. Each token represents an onchain claim to the value of an underlying security, which is held by a regulated securities custodian as collateral for the token.

Any dividends (net of tax) are reinvested into the underlying asset, and this is added to the collateral accounts, creating an overcollateralization. A multiplier is then applied to the tokens.