Backed's xStocks platform has surpassed $300 million in trading volume within four weeks, reflecting increasing interest in tokenized U.S. equities.
Backed Finance's xStocks has achieved over $300 million in trading volume on Bybit, Kraken, and Solana DeFi platforms in just four weeks since its launch. Each xStock token represents shares in publicly traded U.S. companies, fully backed 1:1 by the underlying stock, allowing for blockchain transparency. Despite its success, some experts express skepticism about tokenized equities, raising concerns about actual ownership rights and liquidity issues.