After support from Bybit and Kraken, Backed's xStocks tokenized stock volume reached $1.338 million on June 30, with over 1,200 unique traders. Despite offering 61 stock tokens, only six—NVDA, MSTR, TSLA, CRCL, SPY, and AAPL—have on-chain volume. xStocks tokens have a default total supply of 6,000, with minting and freezing permissions. Backed is the tokenization issuer, while Broker and Custodian services are provided by third parties.