What is iShares MSCI Germany tokenized ETF (xStock)?

iShares MSCI Germany tokenized ETF (xStock) is a digital asset that represents fractional ownership of the iShares MSCI Germany ETF through blockchain technology. It is a type of security token backed 1:1 by the underlying ETF shares held by a custodian, providing investors with economic exposure and rights similar to traditional stockholders of the German equity market.