Bybit cryptocurrency exchange has also partnered with Backed to list xStocks on its Spot platform for its users to access.
Tokenised stocks platform Backed announced the official launch of xStocks, bringing over 60 tokenised stocks to Bybit, Kraken, and the Solana blockchain.
Bybit joins the xStocks Alliance, allowing its users to access tokenized equities and ETFs through the exchange’s trading interface, available 24/7. The integration enhances Bybit’s asset offerings and allows users to engage with global equity markets using the same tools they already use for digital assets.
This listing follows the recent launch of Bybit TradFi, a unified trading interface that enables users to trade gold, forex, stock CFDs, indices, and commodities directly from the Bybit app.
“xStocks represent a monumental leap forward in democratising access to financial markets,” said Adam Levi, co-founder of Backed. “By bringing familiar assets onto the blockchain with unprecedented accessibility, we are not just bridging traditional finance and DeFi; we are building the foundational blocks for a truly open, efficient, and inclusive global financial system where everyone can participate in wealth creation.”
“With xStocks, we’re not launching a novelty. We’re unlocking something foundational,” said Arjun Sethi, Kraken’s co-CEO. “For the first time, people all over the world can own and use a share of a tokenized stock like they would use money. You can move it, hold it, spend it, or borrow against it. All from your wallet, with no intermediaries, no borders, and no delays.
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