Trading Volume of xStocks Tokenized US Stocks by Backed Surpasses $2 Billion
According to Jinse Finance, the tokenized real-world asset platform Backed has seen its xStocks tokenized US stock product surpass $2 billion in cumulative trading volume since its launch in May. Dune data shows that trading is mainly concentrated on centralized exchanges (CEX), accounting for $1.94 billion. Tesla tokens are the most popular, with over 11,000 holders. Currently, the total number of xStocks holders is around 25,500, with $43.6 million in assets under management. Recently, Backed has expanded trading support to BNB Chain, continuing to advance its multi-chain strategy. Analysts believe that tokenized stocks are gradually opening up new opportunities for global markets and 24-hour trading.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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