Tokenization of stocks xStocks volume surpasses 2 billion USD, sparking a wave of asset tokenization.

[Coin World] Less than three months ago, the real-world asset platform Backed launched a series of tokenized stocks that allow investors to purchase tokens tracking the prices of popular stocks like Tesla, Apple, and Nvidia. A panel from Dune shows that the total trading volume of the tokenized stocks, named xStocks, recently surpassed $2 billion. The xStocks panel indicates that as of Wednesday, the vast majority of trades occurred on the centralized exchange (CEX), with a trading volume of $1.94 billion. The trading volume on the decentralized exchange (DEX) was $10.38 million. The panel shows that the main CEXs trading xStocks are a certain trading platform, a certain trading platform, and Gate. While these numbers might be encouraging for believers in tokenized stocks, the panel indicates that the total number of unique holders of xStocks tokens remains relatively low, at around 25,500. The panel shows that the total assets under management for xStocks is $43.6 million. The total on-chain trading volume has exceeded $400 million, with tokenized Tesla stocks being the most popular xStock, having over 11,000 holders. The token for the S&P 500 index ranks second with nearly 10,000 holders. Tokens tracking Apple, Nvidia, and Circle are also considered popular by existing holders. Leaders in both the cryptocurrency and traditional finance sectors see a huge opportunity in the tokenized stock market, which not only makes it easier for international investors to invest in US-listed stocks but also holds the potential for 24/7 trading. A certain trading platform and a certain trading platform are among the centralized exchanges interested in launching tokenized stocks. In January, BlackRock CEO Larry Fink stated that he hopes to see the US Securities and Exchange Commission quickly approve the tokenization of bonds and stocks. A certain trading platform has been further advancing in the digital asset space, stating it will offer EU users the opportunity to invest in tokenized versions of over 200 US stocks. Backed launched xStocks in May and recently announced with a certain trading platform that the two companies will extend xStocks support from Solana to the BNB Chain, allowing users to trade tokenized US stocks in the form of BEP-20 tokens. The co-CEO of a certain trading platform, Arjun Sethi, stated at the time: "The reaction to xStocks increasingly clearly indicates that the future of the capital markets will be chain-neutral, composable, and multi-chain designed."