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Solana is The tokenized stock market reached 4 July $ 48.53 million, which, according to June 20, is more than three times out of $ 15.28 million, according to June 20, according to data on the string Watched RWA.XYZ.
The tokenized capitalization of Solana has spread more than three times in two weeks, exceeding each other network over this period.
In addition, the tokenized stock market in Solana represented 11.4% of the total market capitalization. Algorand remains a leader in the segment, with $ 294.71 million while XRP Ledger follows second with $ 55.35 million.
The tokenized shares trade as a representation of traditional shares in the chain and settled under the SPL standard on the Solana.
Prices are monitored through the creation of market outside chain and periodic collateral audits that reflect basic securities.
Concentrated edition
The RWA.XYZ catalog reports 61 tokenized shares based on the sole, all backed by Backed Finance, the Swiss entity. Snapshot 4th July attributes $ 48.53 million to the issuer, equivalent to 31% of aggregated shares of shares within $ 155 million in all networks.
Tokenized versions of actual stocks are the product named xstocks from backup. These products are Available for trading on major exchangesas Kraken and Bybit.
Backed introduced its first Capital tokens Solan native in April and accelerated the release through the permission to the Mint Gate and Burning gate, which refers to regulated administrators holding basic shares.
It supported the structures of each token as a debt security supported by 1-1-1 corresponding actions, and the settlement was processed through justified participants.
Holders can replace the tokens for the registered capital by completing the well -known customer process (KYC) and directing an application to the issuer transfer agent.
The market participants quoted the mechanism as a useful bridge between centralized liquidity of intermediaries and decentralized financial instruments such as automated market creators and rental protocols.
Backed Finance has publicly stated that in the second half of the year she plans to add additional stocks and funds traded on the stock market and dependent on the demand of the market creator to her sola program.
The continuing cadence similar to the black could push the Solan around the XRP book for the second place according to the total value of the stock.
