On August 7, PANews reported that the physical asset platform Backed has launched a series of tokenized stocks that allow investors to purchase tokens tracking the prices of popular stocks such as Tesla, Apple, and Nvidia. According to the Dune dashboard for xStocks, the total trading volume of these tokenized stocks, named xStocks, has exceeded $2 billion. However, the total number of independent holders of xStocks tokens remains relatively low, at about 25,500 people. 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.