Tokenized Equities Hit $8.4B Monthly Volume as Socket Enables Cross-Chain Stock Trading
Tokenized Equities Hit $8.4B Monthly Volume as Socket Enables Cross-Chain Stock Trading
🌐 Stocks meet crypto
Tokenized equities reached $8.4 billion in monthly transfers, marking a significant milestone for onchain stock trading.
Socket's infrastructure now enables apps to route to tokenized stock venues across 50+ chains without requiring new integrations. The platform treats the stock market as another liquidity source, accessible through its existing rails.
Global expansion is underway, starting with Hong Kong, with additional markets planned. Apps built on Socket can now access:
- Tokenized stocks from multiple venues
- Cross-chain routing across 300+ chains
- Integration with platforms like Backpack and Bungee Exchange
The Stock API is already live, allowing developers to integrate stock trading functionality into their applications through a single integration point.
Tokenized equities are now part of the Socket ecosystem. Any app on Socket can route users into tokenized-stock venues, from 300+ chains with zero new integrations. The stock market just became a liquidity source. Builders, take note. x.com/BungeeExchange…
the stock market closes at 4pm. that's a them problem. tokenized stocks. 24/7. onchain. compare 10+ live metrics on issuers, chains, volumes and more benchmark onchain vs real-world prices and make the move, whenever you want. → bungee.exchange/stocks
Informed investing, onchain. 🔗 @Backpack's earnings calendar maps the week ahead. And every ticker on it is live as a tokenized stock via Backpack on the Socket Stocks API. One integration. Every market. Ship it in your app. docs.socket.tech/about/features… x.com/Backpack/statu…
Earnings season starts this week. Track upcoming earnings and macro events to plan ahead and make more informed investment decisions. Bookmark the calendar → backpack.exchange/stocks/calenda… 🎒 The neobrokerage for informed investing.
Explore Stock API in action on @BungeeExchange Stock Explorer: bungee.exchange/stocks x.com/BungeeExchange…
1 SPCX 7 Variants Which to buy? Find out on Bungee Stock Explorer 📊
Tokenized equities just crossed $8.4B in monthly transfers. And the next leg is global. Starting with Hong Kong, more to follow. Every equities venue that comes onchain is one more liquidity source apps can route to through Socket. Any token, 50+ chains, zero new integrations.
Tokenizing US equities was just the beginning. We're bringing tokenized access to international markets by partnering with institutional infrastructure provider @GTNglobal. Tokenizing assets listed in Hong Kong first. More to follow.
Socket Enables 24/7 Trading of 190+ Tokenized Stocks Across 300+ Chains
Socket has launched its Stocks API, allowing **190+ tokenized equities** including Apple and Nvidia to trade around the clock on-chain. **Key features:** - 24/7 trading access beyond traditional market hours - Works across 300+ blockchain networks - Zero new integrations required for existing apps - Tokenized stocks function as a liquidity source within Socket's routing infrastructure The infrastructure transforms traditional equities into accessible on-chain assets, enabling applications built on Socket to route users into tokenized stock venues seamlessly.
Backpack Launches Tokenized Stocks Trading via Socket API Integration
Backpack has integrated tokenized stocks into the Socket Stocks API, enabling developers to access traditional equity markets onchain through a single integration. **Key Features:** - Earnings calendar tracking for upcoming market events - Access to tokenized versions of traditional stocks - Single API integration for developers - Built on Socket's infrastructure The integration allows apps to offer users exposure to traditional equity markets through blockchain-based tokens, bridging conventional finance with onchain trading infrastructure.
Chain Abstraction Emerges as Key Infrastructure for Web3 Development
Chain abstraction is gaining momentum as a crucial infrastructure component for web3 development. This technology aims to create seamless cross-chain experiences by: - Enabling developers to build applications that work across multiple blockchains without users needing to understand the underlying complexity - Improving scalability and adaptability of decentralized applications - Reducing friction in multi-chain interactions The push comes as Layer-2 solutions multiply, creating increased demand for unified user experiences. Developers are focusing on making blockchain interactions more intuitive and accessible while maintaining the benefits of decentralization. *Key Impact*: This shift could fundamentally change how users interact with blockchain applications, making the technology more accessible to mainstream adoption.
Socket Protocol Updates
Socket Protocol continues to evolve in the cross-chain infrastructure space. The protocol enables seamless multi-chain application development with these key features: - Secure cross-chain message passing - Standardized bridging interface - Gas optimization for cross-chain transactions Builders can now create truly interoperable dApps across multiple blockchains with reduced complexity and enhanced security. Socket's infrastructure handles the heavy lifting of cross-chain communication. *Want to start building?* Check out Socket's documentation for integration guides.