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CoinDesk·4 min read·hard

Tokenized stock trading surged 288% in July, but one QQQ token drove most of it

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Francisco Rodrigues
Tokenized stock trading surged 288% in July, but one QQQ token drove most of it
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Tokenized stock trading volume surged in July, though the growth was heavily concentrated in a single token tracking the Invesco QQQ ETF. Despite the overall volume spike, trading in other tokenized assets saw a decline compared to previous months.

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Binance bStocks accounted for $9.41 billion, or 83.3% of the total, according to CoinDesk Data’s latest Stablecoins & Tokenized Assets report. A bStocks token, QQQB, tracking Invesco’s QQQ ETF, generated $9.27 billion alone, equivalent to roughly 82% of all tokenized-equity volume.

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