Came across CryptoBriefing: STRCx, the on-chain version of Strategy’s preferred stock, had approximately $158.56 million in on-chain AUM as of October 8, making it the world’s largest tokenized equity.
The structure is pretty straightforward: a token issued by Backed xStocks, backed 1:1 by STRC on Nasdaq (a variable-rate perpetual Stretch preferred stock)—not synthetic leverage. Dividends are handled through rebasing: no cash payouts; they’re automatically reinvested into the number of tokens you hold. It’s regulated in Jersey and follows the EU prospectus route, so U.S. residents can’t buy it.
About 1.46 million tokens are in circulation, with total supply estimated at around 2.8–2.87 million. It launched around March this year and reached this level in just over six months. It’s tradable on both ETH and Solana.
A preferred stock from a Bitcoin treasury company has claimed the top spot in the market-cap rankings for “on-chain equities.”
$MSTR $STRC #代币化 #RWA
The structure is pretty straightforward: a token issued by Backed xStocks, backed 1:1 by STRC on Nasdaq (a variable-rate perpetual Stretch preferred stock)—not synthetic leverage. Dividends are handled through rebasing: no cash payouts; they’re automatically reinvested into the number of tokens you hold. It’s regulated in Jersey and follows the EU prospectus route, so U.S. residents can’t buy it.
About 1.46 million tokens are in circulation, with total supply estimated at around 2.8–2.87 million. It launched around March this year and reached this level in just over six months. It’s tradable on both ETH and Solana.
A preferred stock from a Bitcoin treasury company has claimed the top spot in the market-cap rankings for “on-chain equities.”
$MSTR $STRC #代币化 #RWA