Circle xStock (CRCLX)

It doesn't look bad and I might jump in because it's not pure crypto, which has become a bit boring 😉\n\nThe problem is that it "supports" hackers @circle and its #USDC, which I no longer like. (I still have a few SOL/USDC farms )\n\nDYOR https://t.co/TJKYoHt8iP

This is not only about tokenized stocks. It’s about the tokenization of financial assets as a whole. Stocks just happen to be one of the clearest examples currently. @PreStocks @OndoFinance @xStocksFi @DinariGlobal @st0x_io @edeldotfinance

Top 10 tokenized stocks right now: $CRCLx $CRCLon $EXODB $TSLAx $NVDAx $GOOGLx $MSTRx $AAPLx $COINx $METAx After speaking with multiple clients and partners, having a Spaces chat today and even just looking at the conversations in my telegram… it’s very clear where people are showing interest. Familiar assets and familiar names. Assets that they already understand. Not complex credit deals or abstract yield products… but companies they recognise instantly. At the same time, there’s still a big gap in understanding. People know they can lend and borrow these assets… but they don’t fully understand: > where the yield comes from > why APYs can get so high > what risks they’re actually taking and borrowing & lending. That’s the part that still needs educating. I’ll be writing a deeper piece on this soon. If you’re a tokenized stock issuer or building in this space, feel free to reach out

Top 10 Tokenized Stocks (Onchain Market Cap) Circle xStock (CRCLx) - $172.18M Exodus Movement, Inc. (EXODB) - $154.85M Circle Internet Group (CRCLon) - $126.15M Boss Info Shares (BOSS) - $114.75M Tesla xStock (TSLAx) - $106M NVIDIA xStock (NVDAx) - $100.3M Alphabet xStock (GOOGLx) - $80.87M S&P 500 xStock (SPYx) - $79.98M Nasdaq xStock (QQQx) - $79.01M MicroStrategy xStock (MSTRx) - $70.66M Are you buying Tokenized stocks?

Kraken acquires BackedFi (xStocks) and takes another look at the tokenized stock market situation: Several popular stocks have daily trading volumes of $10M‑$30M, such as TSLAx, NVDAx, CRCLx. On-chain cumulative trading volume is $400 million, with CEX volume even higher. Recently Binance Wallet has integrated them, so incremental volume should increase. At present, pure trade‑and‑hold appeal is modest, and with Perps entering the space, a new outlet should be sought. Attention should return to DeFi portfolios. In the past few months, market expectations for this track were very high, but the current state clearly falls short of expectations. Moreover, Hyperliquid HIP3 has started offering perpetual contracts for US equities, further eroding the attractiveness of simply holding and trading tokenized stocks. Building around DeFi should receive more attention from project teams in the future. Currently, xStocks can be used as collateral for borrowing on Kamino, achieving an initial DeFi composability. Although the scale is modest, I consider this a good start and experiment. The xStocks solution is fully backed 1:1 by real stocks, with underlying assets verified via Chainlink PoR, permissionless and freely transferable, providing essential groundwork for DeFi integration. In many other solutions, users cannot move tokens to public blockchains outside the platform, confining them to a trade‑and‑hold niche, which greatly limits those solutions. xStocks’ openness offers an advantage here and could be a breakthrough for the future of tokenized stocks.