#backed finance

[rwatimes]

Solana leads all chains in tokenized stocks for 50th straight week

Solana has led all L1 and L2 chains combined in tokenized stock volume for 50 weeks, holding ~94% of on-chain equity flow as its RWA stack tops $2bn.

➤ Solana has maintained its dominance in tokenized stock trading volume for 50 consecutive weeks, capturing approximately 94% of the on-chain equity flow. ➤ The platform xStocks, now part of Kraken, lists around 60 tokenized assets and sees significant daily volume, with Solana-based tokenized stockholders growing rapidly. ➤ Major financial players like Visa, PayPal, and Stripe are utilizing Solana for workflows, indicating a strong institutional leaning towards the chain for RWA infrastructure, despite SOL's price lagging behind.

[rwatimes]

Solana's Dominance in Tokenized Stock Trading

Solana leads in tokenized stock trading, driven by the success of xStocks, capturing 95% of the market's trading volume across all blockchains.

➤ Solana dominates tokenized stock trading, largely due to the xStocks platform which accounts for over 95% of market volume. ➤ Solana's technical advantages like low fees and high throughput attract retail investors, but tokenized stocks face significant regulatory hurdles. ➤ The market's heavy reliance on a single platform (xStocks) raises concerns about liquidity and potential rapid shifts in dominance due to regulatory or technical issues.

[rwatimes]

Solana surpasses all L1 and L2 chains in tokenized stock trading volume for 50th week

Solana has led tokenized stock trading volume for 50 straight weeks, driven by Backed Finance's xStocks capturing over 95% of the on-chain market.

➤ Solana has maintained a dominant position in tokenized stock trading volume for 50 consecutive weeks, primarily due to Backed Finance's xStocks platform. ➤ The platform offers tokenized representations of stocks and ETFs, leveraging Solana's technical advantages like low transaction costs and high throughput. ➤ However, the market's heavy reliance on a single product raises concerns about liquidity and regulatory challenges, which could significantly impact Solana's dominance.

[rwatimes]

Kraken xStocks Hits $25B in Volume With 80K On-Chain Holders

The $25 billion figure covers trading across centralized and decentralized exchanges, along with minting and redemption activity, Kraken disclosed Thursday.

➤ Kraken's tokenized equities platform, xStocks, achieved $25 billion in total transaction volume in under eight months, demonstrating rapid growth. ➤ The platform utilizes 1:1 backed tokens issued by Backed Finance for publicly traded stocks and ETFs, with significant activity occurring on-chain (80,000 unique holders). ➤ This growth highlights the increasing market share and DeFi integration of tokenized equities, which is outpacing the broader crypto market's recent downturn.

[bitcoinmasterhub]

Backed Finance Launches Tokenized Stocks on Bybit, Kraken & Solana DeFi

Backed Finance is now offering tokenized stocks, bridging the gap between traditional equities and the crypto world. Users can now access tokenized versions of stocks like Apple, Amazon, and Microsoft on major crypto exchanges and Solana-based DeFi protocols. The company is offering around 60 different equity and ETF tokens for 24/7 trading. Bybit and Kraken are the first exchanges to list these…

Backed Finance Launches Tokenized Stocks on Bybit, Kraken & Solana DeFi

[pavel-nosok]

Backed Finance Tokenizes Treasury Bond ETF on Coinbase’s Base Network

Backed Finance, a real-world asset tokenization issuer, announced its successful issuance of the first tokenized security on Coinbase’s Base, a layer two (L2) blockchain. The team introduced bIB01 tokens to the decentralized finance (defi) sector, mirroring the price dynamics of the Ishares short-term Treasury bond ETF. Tokenizing U.S. Bonds on Coinbase’s L2 According to Backed Finance’s team,…

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