Backed launches xStocks tokenized US stock trading volume breaks through $2 billion
2025-08-06 21:48:24
The xStocks tokenized US stock product launched by the tokenized physical asset platform Backed has exceeded 2 billion US dollars since its launch in May. According to Dune data, transactions are mainly concentrated in centralized exchanges (CEX), accounting for 1.94 billion US dollars. Tesla tokens are the most popular, with more than 11,000 holders. The current total number of xStocks holders is about 25,500, and the assets under management reach 43.60 million US dollars. Backed has recently expanded its trading support to BNB Chain and continues to promote multi-chain layout. Analysis believes that tokenized stocks are gradually opening up a new situation of global markets and 24-hour trading.
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