Backed Finance Dominates Tokenized Stock Market

In cryptocurrency markets, Finnish firm Backed Finance has emerged as the leading provider of tokenized stocks, claiming about 80% market share and facilitating over $500 million in trading volume, according to The Information. The company issues ERC-20 tokens backed by Swiss custodians to offer 24/7 equity exposure while asserting KYC and custody safeguards. Regulators remain concerned about legal status and custody transparency.
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Credible investigative coverage of a niche crypto market, but limited novelty and low relevance to core AI/ML practitioners.
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