The future of traditional finance is going on-chain – and the numbers are speaking loud! 🧠💸
Backed Finance's tokenized U.S. equities product, xStocks, has crossed $300 million in cumulative trading volume just weeks after launch across Bybit, Kraken, and Solana-based DeFi protocols. 📈🌐
These aren’t just price trackers – each xStock token is fully backed 1:1 by the actual underlying U.S. stock held securely with a licensed custodian. 🏦📊 This opens the door for 24/7 trading of Apple, Tesla, S&P500 and more – all from your crypto wallet! 🕐💼
🛠️ Built on Solana using the SPL token standard, xStocks offer high-speed, low-fee trading while remaining compatible with the broader Web3 ecosystem. 🔗⚡
xStocks posted on X:
> “$300M Total Transaction Volume Onchain – and this is just the beginning.”
🎯 What Makes xStocks Different?
✅ 24/7 trading access
✅ Backed by real U.S. stocks
✅ Transparent, on-chain records
✅ Built for Web3 & DeFi
But… 🧠 not everyone is cheering.
Critics like FreedX’s COO Anton Golub say this is nothing new — calling xStocks just token-wrapped CFDs. 📉
> “You’re not buying Tesla. You’re buying a token that tracks Tesla… no voting rights, no direct custody.”
Others warn of liquidity issues on weekends, citing wide spreads and low activity due to lack of traditional market makers. ⏳💔
Despite that, demand is proving real – and tokenized stocks are trending as legacy finance slowly merges with DeFi. 🧩🔄
🧠 What Do Traders Think?
Would you trade stocks on-chain with xStocks? 🤔
Would you prefer 24/7 access, or do ownership rights matter more?
Drop your thoughts below ⬇️
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📢 CTA: Ready to explore tokenized stocks with real exposure? 📲 Your wallet might be your next stockbroker.
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