Digital Currency
Add as a preferred source on GoogleThe certificates give holders exposure to stocks and exchange-traded funds without shareholder voting rights.
Although xStocks certificates confer no shareholder voting rights, their on-chain assets under management rose 19.1% in 30 days to $1.03 billion.
A corresponding underlying asset is kept in segregated custody for every token. The certificates provide economic exposure to stocks and exchange-traded funds but do not grant shareholder voting rights.
The products’ marketing, offers and solicitations do not target U.S. persons.
The service's cumulative user count neared 30,000, and each of its five busiest instruments saw about $50 million in trading over a recent 30-day span.
A third-quarter snapshot put tokenized-stock TVL across DeFi at about $252 million, including $33.8 million on Pendle at that time.
Weekly app revenue peaked near $37.7 million in late summer. Tokenized-stock trading also declined in a separate Oct. 25 snapshot.
