A tokenized version of Grindr stock ($GRND) launched on Solana on September 10 generated over $31 million in trading volume within 24 hours, nearly double the $16.6 million traded on the NYSE the previous day. Volume reached $14.1 million in just the first two hours, a figure that would have accounted for 85% of Grindr’s entire NYSE session the day before. These tokenized securities are backed 1:1 by actual US shares held in regulated custody through ACATS and DTCC infrastructure, but US persons are excluded and have no voting rights.
Source: Read the original article
