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Backed, a leader in the tokenization of real-world assets (RWAs), has officially launched xStocks, making over 60 tokenized equities available across major platforms including Bybit, Kraken, and the Solana
SOL
$148.2
24h volatility:
1.9%
Market cap:
$79.41 B
Vol. 24h:
$6.49 B
blockchain.
As per a statement, xStocks brings to life a vision long shared by many in the crypto community: bridging the gap between traditional finance and decentralized finance (DeFi).
Through xStocks, you can now trade blue-chip equities like Apple, Tesla, Amazon, NVIDIA, and Microsoft, as well as ETFs and shares of emerging crypto-native firms, all secured and settled at blockchain speed.
Already Breaching the Million Dollar Mark
The newly launched xStocks ecosystem already boasts over $1.33 million in trading volume and more than 1,200 unique traders, according to data from Wu Blockchain.
While 61 stock tokens are available, trading activity so far has concentrated around six tickers: NVDA, MSTR, TSLA, CRCL, SPY, and AAPL.
After support from Bybit and Kraken, Backed’s xStocks tokenized stock volume reached $1.338 million on June 30, with over 1,200 unique traders. Despite offering 61 stock tokens, only six—NVDA, MSTR, TSLA, CRCL, SPY, and AAPL—have on-chain volume. xStocks tokens have minting and…
— Wu Blockchain (@WuBlockchain) July 1, 2025
Each tokenized asset is backed 1:1 by the underlying equity, with Backed serving as the issuer, while broker and custodian services are managed by third parties.
The tokens come with minting and freezing permissions to ensure regulatory compliance and on-chain security.
Strategic Partnerships: Bybit and Kraken Go Live
Backed’s aggressive rollout is bolstered by strategic partnerships with two of the world’s most influential crypto exchanges. Bybit, the second-largest exchange by trading volume, has integrated xStocks directly into its Spot platform.
The collaboration is part of the larger xStocks Alliance, which includes heavyweights like Chainlink
LINK
$13.06
24h volatility:
1.9%
Market cap:
$8.88 B
Vol. 24h:
$318.12 M
, Raydium
RAY
$2.06
24h volatility:
1.1%
Market cap:
$551.21 M
Vol. 24h:
$67.13 M
, Jupiter
JUP
$0.44
24h volatility:
2.7%
Market cap:
$1.33 B
Vol. 24h:
$87.61 M
, and Kamino
KMNO
$0.0592
24h volatility:
0.6%
Market cap:
$131.73 M
Vol. 24h:
$15.45 M
, all working together to blur the line between DeFi and traditional 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 Assets。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
Meanwhile, Kraken is rolling out xStocks in 185+ countries, beginning with a phased launch targeting eligible non-US users. The exchange now offers more than 55 tokenized assets through its app, with plans to expand to over 140 countries.
xStocks will be available 24 hours a day for over five days a week for trading with the option to withdraw funds to self-custodial wallets, giving users permissionless access to use these assets for collateral purposes in DeFi protocols, or even in P2P payments.
The Solana Advantage
xStocks aren’t just tradeable, they’re composable. Built with SPL-based tokens on Solana, xStocks integrate directly with top DeFi protocols like Raydium, Jupiter, and Kamino, enabling users to lend, borrow, and stake tokenized stocks just like any other crypto asset.
By making tokenized equities usable across lending and yield-generating platforms, Backed empowers users to engage in more complex and flexible financial strategies than traditional stock brokers could ever offer.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Unlock the Secrets of Ethical Hacking!
Ready to dive into the world of offensive security? This course gives you the Black Hat hacker’s perspective, teaching you attack techniques to defend against malicious activity. Learn to hack Android and Windows systems, create undetectable malware and ransomware, and even master spoofing techniques. Start your first hack in just one hour!
Enroll now and gain industry-standard knowledge: Enroll Now!
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