Crypto Gets Juicier: XStocks Joins Ethereum Party with 60 Stocks! 🎉💼

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Well, well, well. Hold onto your hats, folks. XStocks-yes, that shiny new toy owned by Backed Finance-has decided to waltz onto Ethereum’s grand stage, bringing about 60 tokenized stocks. And guess what? Nvidia, Amazon, Tesla, Meta, Walmart – all dressed up in digital finery, ready for your crypto shopping spree. Who knew stocks could look so… virtual? 🤔

Before you get your hopes too high, no, this isn’t their first rodeo. No, they’ve already flashed their digital bits on Solana, BNB Chain, and Tron. Because when in doubt, spread the chaos! Behind the curtain is Backed Finance, a real-world asset (RWA) tokenization wizard. They’ve been cozying up with crypto giants like Kraken and Bybit-probably exchanging virtual high-fives and promises of world domination.

“Ethereum is one of the world’s most widely adopted smart contract networks – and xStocks were built to meet users where they already are,” a Kraken spokesperson told CryptoMoon. Yes, because why make things simple when you can complicate them elsewhere? 🧙‍♂️

Ethereum dominates DeFi like a giant in a tiny pond-$90.8 billion locked up on Monday, making up a hefty 60% of all blockchain pools. Somewhere, someone is counting all those zeros, probably while sipping a latte. ☕️

And just in case you missed recent news-June 2025 brought us Gemini’s tokenized stock trading on Ethereum, with eToro poking its nose in, apparently dreaming of tokenized stocks on the blockchain. Because clearly, just having stocks isn’t enough-now they need digital fairy dust sprinkled on top.

Tokenized assets are like creating a digital twin of your grandma’s antique vase-only now, it might be illiquid or a piece of real estate you’d rather forget. But hey, paperless and shiny! 💎

Tokenized Stock Controversy? More Like Tokenized Chaos?

Fans claim tokenized stocks democratize investing-say goodbye to hurdles, hello to the crypto masses. Or so they say. But beware! Legally, it’s a bit of a mess. Think of it as trying to get a straight answer from a cat-that is, if cats could give legal advice. No voting rights, no claim on assets. Just digital bling.

Global regulators are frowning upon this craze, calling for tighter oversight. SEC and friends are sharpening their pencils, ready to draw the lines in the sand-because apparently, crypto isn’t chaotic enough. Meanwhile, Robinhood’s blockchain for European tokenized stock trading is making waves, because why not stir the pot some more? 🌊

As of now, the tokenized stock market caps off at a tiny $342 million-just a drop in the digital ocean of $27.9 billion in RWA territory. But hey, every empire starts with a small, very confusing step. 🚶‍♀️

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2025-09-02 19:26