Recently, I found an interesting new tokenized asset on-chain— the Nasdaq tokenized ETF $QQQX.
Currently, the QQQX token launched by xStock tracks the Nasdaq 100 index. The on-chain price is now $708.54, with an estimated 24-hour trading volume of about $3.46 million, and a market cap of roughly $34.44 million.
On-chain traditional financial products are becoming more and more common. From Bitcoin ETFs to now tokenizing US stock ETFs and putting them on-chain, the integration of traditional assets and the crypto world is moving faster than many imagined. For crypto users, there’s no need to open a traditional brokerage account to trade Nasdaq 100 index products on-chain—this convenience is still quite appealing.
Of course, these products are still quite early stage at the moment, and both liquidity and awareness are not very high yet. If you’re interested, be sure to keep an eye on how things develop next.
$QQQX #代币化ETF #traditional assets on-chain
Currently, the QQQX token launched by xStock tracks the Nasdaq 100 index. The on-chain price is now $708.54, with an estimated 24-hour trading volume of about $3.46 million, and a market cap of roughly $34.44 million.
On-chain traditional financial products are becoming more and more common. From Bitcoin ETFs to now tokenizing US stock ETFs and putting them on-chain, the integration of traditional assets and the crypto world is moving faster than many imagined. For crypto users, there’s no need to open a traditional brokerage account to trade Nasdaq 100 index products on-chain—this convenience is still quite appealing.
Of course, these products are still quite early stage at the moment, and both liquidity and awareness are not very high yet. If you’re interested, be sure to keep an eye on how things develop next.
$QQQX #代币化ETF #traditional assets on-chain