PANews reported on October 14th that, according to Bitcoin Magazine, Cake Wallet has integrated xStocks, allowing global users to trade stocks like Google, Amazon, and Nvidia in tokenized form within the app, emphasizing privacy and low barriers to entry. Issued by Switzerland-based Backed.fi, the platform has been operating since 2021; users may not have voting rights, and the dividend mechanism is unspecified. Due to regulatory restrictions, the service is not available to the United States, Australia, Canada, Belgium, the United Kingdom, Afghanistan, Belarus, Cuba, Iran, and North Korea, and may implement geo-screening based on IP addresses. A similar product has been launched by Phantom, which does not require personal information beyond private keys.