xStocks, a stock token launched by Backed, has a single-day trading volume of $1.338 million

According to @defioasis data, after being supported by Bybit and Kraken, the trading volume of xStocks stock tokens launched by Backed reached $1.338 million on June 30, with over 1,200 independent trading users and more than 2,500 trades. It is worth noting that although xStocks offers 61 stock trades, currently only 6 stock tokens have on-chain trading volume, namely NVDA, MSTR, TSLA, CRCL, SPY, and AAPL. Additionally, xStocks stock tokens have a default total supply of 6,000, with mintable and freezable permissions; Backed serves as the tokenization issuer, while Brokers and Custodians are provided by third parties, including Alpaca Securities LLC, InCore Bank AG, and Maerki Baumann & Co. AG; the on-chain liquidity of major stock tokens is relatively shallow, and exchanges may become the main liquidity battleground in the future.