PANews reported on August 7th that according to The Block, the real-world asset platform Backed has launched a series of tokenized stocks, allowing investors to purchase tokens tracking the prices of popular stocks such as Tesla, Apple, and Nvidia. According to the Dune dashboard by xStocks, the total trading volume of these tokenized stocks, called xStocks, has exceeded $2 billion. However, the total number of independent xStocks token holders remains relatively low, at around 25,500. The tokenized version of Tesla stock is the most popular, with 11,000 holders. The S&P 500 index token ranks second, with nearly 10,000 holders.
Backed's xStocks tokenized US stock trading volume exceeds $2 billion
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