Wu said that according to @ defioasis data, after being supported by Bybit and Kraken, the trading volume of xStocks stock token launched by Backed reached $1.338 million on June 30th, with over 1200 independent trading users and more than 2500 transactions. It is worth noting that although xStocks offers 61 stock trading options, currently only 6 stock tokens have on chain trading volume, namely NVDA MSTR TSLA CRCL SPY and AAPL. In addition, the default total number of xStocks stock tokens is 6000, with the ability to mint and freeze them; Backed serves as a tokenization issuer, but Broker and Custodian are serviced by third parties including Alpaca Securities LLC, InCore Bank AG, and Maerki Baumann&Co. AG; The on chain liquidity of major stock tokens is relatively shallow, and exchanges may become the main battlefield for liquidity in the future. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=44846