Solana-based tokenized stocks surpassed $100 million in market capitalization less than one month since their official launch on June 30. This market isfueled mainly by xStocks, issued by Backed Finance. The largest tokenized stock is TSLAx, representingTesla’sshares, with a market cap of $13.6 million and 11,073 holders.

Solana-based tokenized stocks surpassed $100 million in market capitalization less than one month since their official launch on June 30. This market isfueled mainly by xStocks, issued by Backed Finance. The largest tokenized stock is TSLAx, representingTesla’sshares, with a market cap of $13.6 million and 11,073 holders.

Source: https://cryptoslate.com/solanas-tokenized-stocks-surpass-100m-in-less-than-a-month-yet-defi-use-still-lags/