xStocks: 60+ Tokenized Stocks on Bybit, Kraken & Solana
Backed Finance’s new platform xStocks now offers over 60 tokenized stocks on Bybit, Kraken and Solana DeFi. These tokenized stocks—each fully collateralized—enable 24/7 on-chain trading of major equities like Apple, Amazon and Microsoft. By listing tokenized stocks on both centralized exchanges and Solana-based DeFi, xStocks bridges traditional finance and decentralized finance, broadening asset options, boosting liquidity and lowering barriers for retail and institutional investors alike. This integration is likely to drive higher trading volumes, deepen market depth and accelerate mainstream adoption of tokenized securities.
Bullish
Listing 60+ tokenized stocks on major platforms is a bullish development for the crypto market. It demonstrates growing integration between traditional finance and DeFi, expands on-chain asset offerings and attracts new capital. Past rollouts of tokenized stocks—such as FTX’s program—led to spikes in trading volumes and user adoption. In the short term, this news should boost activity on Bybit, Kraken and Solana DeFi protocols. Over the long term, broader acceptance of tokenized securities is likely to enhance DeFi’s maturity, draw institutional investors and improve overall market stability.