Backed's xStocks tokenized US stock trading volume exceeds $2 billion

According to Odaily, the tokenized physical asset platform Backed's xStocks tokenized US stock product has surpassed $2 billion in cumulative trading volume since its launch in May. According to Dune data, trading is primarily concentrated on centralized exchanges (CEXs), accounting for $1.94 billion. Tesla tokens are the most popular, with over 11,000 holders. Currently, xStocks has approximately 25,500 holders and manages $43.6 million in assets. Backed recently expanded trading support to BNB Chain, continuing its multi-chain strategy. Analysts believe that tokenized stocks are gradually opening up new opportunities for global markets and 24-hour trading.