Key Highlights
- Backed launches xStocks, introducing 60+ tokenized equities to Bybit, Kraken, and Solana.
- Trading & Self-Custody: Users can trade and hold tokenized stocks directly on integrated platforms.
- On-Chain Utility: Built on Solana with Chainlink oracles, xStocks enables tokenized equities as DeFi collateral.
Backed, a pioneer in real-world asset (RWA) tokenization, has rolled out xStocks, bringing tokenized versions of blue-chip stocks like Apple, Tesla, and NVIDIA to major exchanges and the Solana blockchain.
Million-Dollar Momentum
Within days of launch, xStocks achieved:
- $1.33M+ trading volume.
- 1,200+ unique traders.
- Top-traded tickers: NVDA, MSTR, TSLA, CRCR, SPY, and AAPL.
"xStocks tokens are 1:1 backed by equities, with minting/freezing features for regulatory compliance."
— Wu Blockchain
Strategic Exchange Partnerships
Bybit Integration
- xStocks is live on Bybit Spot, leveraging the exchange’s high liquidity.
- Part of the xStocks Alliance, including Chainlink and Jupiter for seamless DeFi interoperability.
Kraken’s Global Rollout
- Available in 185+ countries (non-U.S. users).
- Plans to expand to 140+ tokenized assets via the Kraken app.
👉 Explore how tokenized stocks bridge TradFi and DeFi
Why Solana?
- SPL Token Standard: Enables native integration with Solana DeFi (Raydium, Jupiter).
- 24/5 Trading: Tokenized stocks are tradable almost round-the-clock.
- Composability: Use equities as collateral in lending protocols or P2P payments.
FAQs
1. How are xStocks tokens backed?
Each token is 1:1 collateralized by the underlying stock, held in Clearstream (Deutsche Börse’s depository).
2. Can U.S. users trade xStocks?
Currently, Kraken excludes U.S. users due to regulatory restrictions.
3. What’s the advantage of tokenized stocks?
Blockchain settlement speed, DeFi utility (e.g., staking, borrowing), and global access.
👉 Discover Solana’s role in RWA tokenization
Disclaimer: This content is for informational purposes only and not financial advice. Verify details independently.
### SEO Notes: