Token Terminal has added 145 tokenized asset deployments, including five tokenized stocks on Solana with a combined market cap of $1.7 million, issued by three entities including Backpack. The platform now tracks over 4,600 assets worth approximately $345 billion. Backpack uses a 1:1 redemption model, while xStocks has listed over 700 tokenized U.S. equities. The expansion aims to establish a standardized framework to address data fragmentation in real-world assets (RWA).
CryptoBriefing reports that Token Terminal, a crypto data analytics platform, has added 145 tokenized asset deployments. That batch includes five tokenized stocks on the Solana blockchain. Their combined market capitalization is about $1.7 million, and three entities issued them, including Backpack.
Token Terminal now tracks more than 4,600 assets, together worth roughly $345 billion in market cap. A few specifics stand out. Backpack uses a 1:1 redemption mechanism, and xStocks has already rolled out more than 700 tokenized U.S. stocks. This expansion comes as part of a push to build a standardized framework meant to reduce data fragmentation in the real-world asset (RWA) sector.
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