Key Notes
- Backed launched xStocks, bringing over 60 tokenized equities to Bybit, Kraken, and the Solana blockchain.
- Kraken and Bybit have built-in xStocks, permitting customers to commerce and self-custody tokenized shares.
- Constructed on Solana and powered by Chainlink oracles, xStocks permits on-chain use of tokenized equities as collateral.
Backed, a frontrunner within the tokenization of real-world property (RWAs), has formally launched xStocks, making over 60 tokenized equities accessible throughout main platforms together with Bybit, Kraken, and the Solana
SOL
$147.5
24h volatility:
4.1%
Market cap:
$78.83 B
Vol. 24h:
$5.95 B
blockchain.
As per a statement, xStocks brings to life a imaginative and prescient lengthy shared by many within the crypto group: bridging the gap between conventional finance and decentralized finance (DeFi).
Via xStocks, now you can commerce blue-chip equities like Apple, Tesla, Amazon, NVIDIA, and Microsoft, in addition to ETFs and shares of rising crypto-native corporations, all secured and settled at blockchain velocity.
Already Breaching the Million Greenback Mark
The newly launched xStocks ecosystem already boasts over $1.33 million in buying and selling quantity and greater than 1,200 distinctive merchants, in accordance with knowledge from Wu Blockchain.
Whereas 61 inventory tokens can be found, buying and selling exercise up to now has concentrated round six tickers: NVDA, MSTR, TSLA, CRCL, SPY, and AAPL.
After help from Bybit and Kraken, Backed’s xStocks tokenized inventory quantity reached $1.338 million on June 30, with over 1,200 distinctive merchants. Regardless of providing 61 inventory tokens, solely six—NVDA, MSTR, TSLA, CRCL, SPY, and AAPL—have on-chain quantity. xStocks tokens have minting and…
— Wu Blockchain (@WuBlockchain) July 1, 2025
Every tokenized asset is backed 1:1 by the underlying fairness, with Backed serving because the issuer, whereas dealer and custodian providers are managed by third events.
The tokens include minting and freezing permissions to make sure regulatory compliance and on-chain safety.
Strategic Partnerships: Bybit and Kraken Go Stay
Backed’s aggressive rollout is bolstered by strategic partnerships with two of the world’s most influential crypto exchanges. Bybit, the second-largest trade by buying and selling quantity, has built-in xStocks immediately into its Spot platform.
The collaboration is a part of the bigger xStocks Alliance, which incorporates heavyweights like Chainlink
LINK
$13.03
24h volatility:
1.8%
Market cap:
$8.84 B
Vol. 24h:
$312.49 M
, Raydium
RAY
$2.05
24h volatility:
2.7%
Market cap:
$547.99 M
Vol. 24h:
$64.63 M
, Jupiter
JUP
$0.44
24h volatility:
4.5%
Market cap:
$1.32 B
Vol. 24h:
$78.65 M
, and Kamino
KMNO
$0.0592
24h volatility:
0.8%
Market cap:
$131.28 M
Vol. 24h:
$14.88 M
, all working collectively to blur the road between DeFi and conventional finance.
扩展说下，Kraken、Bybit、Jup 接入 xStocks，币股背后的原理吧。
由注册在瑞士的母公司，控制着在泽西岛的 Backed Property。它们通过盈透证券下 IBKR Prime 的通道，在美股市场买入股票，然后转移放置在 Clearstream 下的隔离账户。
而 Clearstream 是德交所下的存管机构，帮助它们保存这些股票。… https://t.co/fOFL9zPYKJ pic.twitter.com/43veHhDgEQ
— AB Kuai.Dong (@_FORAB) July 1, 2025
In the meantime, Kraken is rolling out xStocks in 185+ nations, starting with a phased launch concentrating on eligible non-US customers. The trade now provides greater than 55 tokenized property by way of its app, with plans to develop to over 140 nations.
xStocks shall be accessible 24 hours a day for over 5 days every week for buying and selling with the choice to withdraw funds to self-custodial wallets, giving customers permissionless entry to make use of these property for collateral functions in DeFi protocols, and even in P2P funds.
The Solana Benefit
xStocks aren’t simply tradeable, they’re composable. Constructed with SPL-based tokens on Solana, xStocks combine immediately with prime DeFi protocols like Raydium, Jupiter, and Kamino, enabling customers to lend, borrow, and stake tokenized shares similar to another crypto asset.
By making tokenized equities usable throughout lending and yield-generating platforms, Backed empowers users to engage in additional complicated and versatile monetary methods than conventional inventory brokers might ever provide.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm info on your individual and seek the advice of with an expert earlier than making any choices based mostly on this content material.
A crypto journalist with over 5 years of expertise within the trade, Parth has labored with main media retailers within the crypto and finance world, gathering expertise and experience within the house after surviving bear and bull markets through the years. Parth can be an creator of 4 self-published books.
