sFORD, issued by Stablestocks Lab Limited, is a tokenized stock that gives onchain exposure to Forward Industries, Inc., a U.S.-listed instrument, with each token backed 1:1 by one underlying share held in custody with licensed brokers. [S1][S2]

sFORD tracks the live market price of Forward Industries, Inc. (FORD), and if the underlying issues a dividend or distribution and eligibility requirements are met, those economic rights pass through to the tokenholder, though voting rights remain with custodian holders. [S1][S2] Tokenholders may stake into StableVault to receive yield-bearing stStocks combining dividends with DeFi yields. [S3] A Service Fee of 0.1% of the transaction amount applies, alongside upstream broker and trading fees. [S4]

Stablestocks Lab Limited, brand StableStock, is incorporated in the British Virgin Islands and operates from Singapore. [S2][S5] It does not hold financial-services licenses and disclaims being a regulated entity, relying on broker-dealer partners holding an AFSL, a Hong Kong SFC Type 1 license, and U.S. MSB registration. [S5][S2][S6] An sToken is the tokenized representation of a real share; tokens are unregistered under the U.S. Securities Act and offered only to Qualified Investors through affiliated entities. [S5][S1] U.S. persons are barred and KYC and AML verification applies for leverage and IPO access. [S5][S4] Tokenholders may redeem and burn tokens at any time to retrieve the underlying share. [S1][S2]

sTokens are issued natively onchain on Bsc through a liquidity partnership with Native. [S1][S7] Tokens are minted when brokerage-held shares are deposited 1:1 and burned on redemption, with mint, burn, buy, and sell records recorded permanently onchain. [S1][S8] Stablecoin settlement in USDT and USDC funds purchases of real securities, and reserve coverage is published per asset and verified by weekly assurance reports. [S9][S8]

<Sources
  retrievedAt="2026-06-18"
  items={[
    { id: "S1", url: "https://stablestock.gitbook.io/ss/concepts/stokens" },
    { id: "S2", url: "https://stablestock.gitbook.io/ss/llms-full.txt" },
    { id: "S3", url: "https://stablestock.gitbook.io/ss/concepts/stablevault.md" },
    { id: "S4", url: "https://stablestock.gitbook.io/ss/concepts/spot/fee.md" },
    { id: "S5", url: "https://stablestock.gitbook.io/ss/legal/terms_of_use.md" },
    { id: "S6", url: "https://stablestock.gitbook.io/ss/introduction/trust-and-security.md" },
    { id: "S7", url: "https://stablestock.gitbook.io/ss/concepts/stokens.md" },
    { id: "S8", url: "https://stablestock.gitbook.io/ss/concepts/transparency" },
    { id: "S9", url: "https://stablestock.gitbook.io/ss/solution/our-model.md" },
  ]}
/>


# Asset transfer count methodology

## 1. Overview

Asset transfer count is defined as the number of user transactions that move assets between addresses. It is utilized to reflect how frequently assets are used for payments, trading, or other onchain activity. The metric is calculated daily for each tracked asset across all supported blockchains. By aggregating these transfer events, a comprehensive view of onchain utility and transactional velocity is provided.

## 2. Data sources

- **EVM chain events**: ERC-20 token transfers, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: SPL token transfers
- **Other blockchain events**: Token transfers, withdrawals, and mint events across non-EVM chains (Solana, Aptos, Near, Polkadot Asset Hub, Stellar, and others)
- **Asset metadata**: Token addresses and decimal precision

## 3. Step-by-step calculation

### Component A: Extract and count raw transfer events

- **Purpose**: Identify and count individual token transfer events on a daily basis for each asset.
- **Logic**: On EVM-compatible chains, ERC-20 token transfers are parsed and counted. On Solana, SPL token transfers are parsed and counted. On Aptos, Near, and Ripple, token transfers and withdrawals are parsed and counted. On Stellar, classic token withdrawals and Soroban token transfers are aggregated. On Sui, token withdrawals and token mint events are aggregated. On Cardano, UTXO withdrawals and token mint events are aggregated. On Polkadot Asset Hub, `Transferred` events from the `assets` pallet are parsed.
- **Key fields**: `token_address`: The unique identifier of the token contract or asset. `block_timestamp`: The timestamp of the transaction block.

### Component B: Daily aggregation and zero-filling

- **Purpose**: Aggregate the daily transfer counts per asset and ensure continuous time-series data.
- **Logic**: The extracted transfer counts are aggregated daily for each token address on its respective chain. For days where no transfer activity is recorded for a tracked asset, the time series is filled with zero values to ensure a continuous daily record.
- **Key fields**: `timestamp`: The day of the activity. `asset_transfer_count`: The daily count of transfers per token on a specific chain.

### Component C: Final aggregation

- **Purpose**: Combine the daily transfer counts across all supported chains for each asset.
- **Logic**: The daily transfer counts from all individual chains are combined. Token addresses are mapped to unique asset identifiers using asset metadata. The final daily asset transfer count is then aggregated across all chains for each asset.
- **Key fields**: `timestamp`: The day of the activity. `asset_transfer_count`: The total aggregated daily transfer count for the asset.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Number of transfer transactions involving the asset.

Asset transfer count

Tokenized stocks

StableStock earns revenue from transaction fees on sStock issuance and redemption via its StableBroker product, and from the spread between deposit/withdrawal flows. Distribution is direct-to-retail (StableBroker app) and B2B via wallet/exchange integrations on BNB Chain.

StableStock issues sStock tokens — ERC-20 tokens on BNB Chain backed 1:1 by the underlying U.S. equity or ETF held at a licensed custodian. The product catalog spans 500+ tokenized stocks and ETFs (e.g. sAAPL, sNVDA, sTSLA, sQQQ) including newly-IPO'd names like sCRCL (Circle) and sBLSH (Bullish) and leveraged/inverse exposures. All sStocks are deployed as BeaconProxy contracts from a single upgradeable factory.

StableStock is an onchain stock asset platform that lets users buy and trade U.S. stocks and ETFs using stablecoins. StableStock is the issuer of sStock tokens — tokenized representations of equities — and is backed by YZi Labs (formerly Binance Labs) among others.

website

twitter

documentation

Real-world asset (RWA) issuers

StableStock

StableStock Forward Industries, Inc. (sFORD) is a token tracking FORD shares, backed by dedicated collateral with HabitTrade as broker.

Each token tracks one underlying share, entitles holders to dividends, and carries no voting rights.

Residents of the United States and Hong Kong cannot mint or redeem with StableStock.

sFORD has been issued on BNB Chain as an ERC-20 token since November 2025.

StableStock Forward Industries, Inc.sFORD