The request for trading in chain actions is real.
The product of American actions of tokenized American actions based in Switzerland, XSTOCKS, has seen a volume of cumulative negotiation of more than $ 300 million less than a month since it was online on decentralized decentralized financing platforms (DEFI).
The XSTOCKS are onchain 24/7 tokens representing shares in US companies listed on the stock market. Each token is fully supported in 1: 1 by the corresponding underlying stock held by an approved goalkeeper, allowing investors to expose traditional assets while ensuring transparency and security.
These tokens are issued by supported finances, which operates within the regulatory framework of the country’s DLT. They are built using the Solana Program Liberty token standard (SPL) to facilitate high -speed transferability and chain compatibility with web 3 and decentralized applications.
“The XSTOCKS have crossed $ 300 million in total transactions volume, a testimony of the demand for tokenized shares,” XSTOCKS on X, calling for growth “just the start” which could see volumes double from here.
The increased demand for tokenized stocks is part of the broader macro-trend of the acceleration of convergence between traditional markets and decentralized finance. The recent launches of giants like Robinhood and Gemini, offering American actions tokenized to European users, are proof of this change of acceleration.
Not everyone is impressed by tokenized actions
While moving the actions to the blockchain rails and allowing access to overseas investors to seem revolutionary, not everyone is impressed.
According to Anton Golub, chief of the exploitation of Crypto Exchange Freedx, tokenized actions are only a wrapper and not real actions.
“You do not buy Tesla. You buy a token that follows Tesla. Emitted by a SPV structure or offshore broker which contains underlying actions,” said Golub in a LinkedIn post.
Golub has explained that the purchase of tokenized shares does not provide the buyer with voting rights, direct stock custody or real property, as is the case with the action CFDs issued in Europe.
CFD, or contract for the difference, is a contract which stipulates that the buyer will pay the seller the difference between the current value of an asset and its value at the time the contract was launched.
The action CFDs are fractionalized, allowing traders to buy and sell a fraction of the value of the underlying assets with the lever effect. This allows traders to control a larger position with a smaller capital investment.
“CFD brokers in Europe [have] Let yourself be exchanged by fractional American actions for years. You can buy Tesla, Apple or S&P 500 with a 5x lever effect and full liquidity, “noted Golub. [tokenization] do not democratize access. It is simply cropped CFDs with a tokenization story. “”
In addition, concerns have been raised about the liquidity that is dried up during the weekend. Liquidity refers to the ease of execution of important purchase and sale orders at stable prices.
“There are still important frictions with these new products,” noted Parsec finances in his newsletter at the beginning of the month. “Cold starting problem of liquidity (liquidity generates the volume but is based on market manufacturers by taking the risk and in Paris on actual use), the differences will be wide and probably insane on weekends.”
Read more: sustained finance made its debut on token actions on the protocols of Bybit, Kraken and Solana DEFI
