Tokenized stocks have ‘stablecoin moment’ as market cap hits $1.2B
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Demand for tokenized stocks has surged, with market capitalization reaching $1.2 billion, indicating a potential shift in blockchain adoption. Tokenized stocks are compared to stablecoins in 2020, highlighting their early-stage growth. Key developments include Backed Finance's launch of xStocks, Securitize's plans for compliant trading, and Nasdaq's filing to offer tokenized stocks. This reflects strong institutional interest in the sector, which promises benefits like faster settlement and fractional ownership.
Source: Cointelegraph The copyright of this article belongs to the original author/organization.
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