The financial frontier between traditional markets and decentralized finance (DeFi) is blurring faster than ever. Backed Finance, a leading tokenized asset issuer, has officially launched its xStocks product — a suite of tokenized stocks now live on major crypto exchanges and Solana-based DeFi protocols. This move enables users to trade digital representations of high-demand equities like Apple, Amazon, and Microsoft around the clock, without relying on traditional brokerage hours or geographic restrictions.
With over 60 tokenized stock variants now available, the xStocks launch marks a pivotal moment in the broader adoption of real-world assets (RWA) within blockchain ecosystems. These assets are built to be fully transferable, tradable 24/7, and are expected to soon serve as collateral in DeFi lending protocols — unlocking new utility for digital investors.
Expanded Access Across Major Platforms
xStocks are now accessible on two of the world’s most trusted cryptocurrency exchanges: Bybit and Kraken. Bybit has confirmed the rollout of xStocks trading pairs starting at 10:00 PM Taiwan time on June 30. The initial offering includes tokenized versions of prominent companies such as Coinbase (COINX), NVIDIA (NVDAX), Apple (APPLX), Amazon (AMZNX), Tesla (TSLAX), McDonald's (MCDX), Google (GOOGLX), Robinhood (HOODX), Meta (METAX), and Circle (CRCLX).
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Kraken has also confirmed the immediate availability of xStocks trading, reinforcing its commitment to expanding financial innovation for global users. This dual exchange support significantly enhances liquidity and accessibility, making tokenized equities more attainable for retail and institutional traders alike.
Beyond centralized exchanges, xStocks are now integrated into key protocols within the Solana DeFi ecosystem, including Kamino and Jupiter, where users can trade these tokenized assets seamlessly. Additionally, liquidity providers can participate on Raydium, one of Solana’s leading automated market makers (AMMs), by supplying xStocks pairs to earn trading fees and platform incentives.
This multi-platform deployment underscores a growing trend: bridging traditional financial instruments with decentralized infrastructure to create faster, cheaper, and more inclusive markets.
Bridging Traditional Finance and DeFi
At the heart of Backed’s mission is the vision to democratize access to global financial markets. Adam Levi, Co-Founder of Backed Finance, emphasized this goal in a recent statement:
“By bringing familiar assets onto the blockchain and offering unprecedented accessibility, we’re not just connecting traditional finance with DeFi — we’re building the infrastructure for a truly open, efficient, and inclusive global financial system where everyone can participate in wealth creation.”
This philosophy aligns with the rising demand for real-world asset tokenization, a sector projected to exceed $16 trillion by 2030 according to industry analysts. By converting stocks into blockchain-native tokens, Backed eliminates many of the inefficiencies associated with legacy systems — including settlement delays, high fees, and limited market hours.
Tokenized stocks like those in the xStocks lineup operate on blockchain rails, enabling near-instant settlement, fractional ownership, and borderless trading. For users in regions with limited access to U.S. equities, this represents a transformative leap forward.
The xStocks Alliance: Building an Open RWA Ecosystem
To further accelerate adoption, Backed has spearheaded the formation of the xStocks Alliance — a collaborative network of exchanges, DeFi platforms, and infrastructure providers committed to creating an open marketplace for tokenized real-world assets.
The alliance aims to establish common standards for issuance, custody, compliance, and interoperability across chains and platforms. By fostering cooperation rather than competition, the initiative seeks to ensure that tokenized assets remain secure, transparent, and widely usable across the crypto economy.
Such coordination is critical as regulatory scrutiny around digital assets increases globally. A unified approach helps maintain trust while promoting innovation — a balance that will define the future of finance.
Frequently Asked Questions (FAQ)
Q: What are tokenized stocks?
A: Tokenized stocks are blockchain-based digital representations of real company shares. They mirror the price and performance of their underlying equities but are traded peer-to-peer on crypto platforms without requiring ownership of the actual stock.
Q: Are xStocks backed by real shares?
A: Yes. Each xStock is fully backed by the corresponding equity held in regulated custody. This ensures price parity and reduces counterparty risk through transparent reserves.
Q: Can I use xStocks as collateral in DeFi loans?
A: While not yet active, Backed has announced plans to enable xStocks as collateral in DeFi lending protocols shortly after launch — increasing their utility beyond simple trading.
Q: How do I buy xStocks?
A: You can purchase xStocks directly on supported exchanges like Bybit and Kraken using cryptocurrency. No traditional brokerage account is needed.
Q: Is trading available 24/7?
A: Yes. Unlike traditional stock markets, xStocks trade continuously — every day of the week — allowing users to react to global events in real time.
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The Future of Asset Tokenization
The launch of xStocks is more than a product release — it’s a signal of structural change in how value moves across digital economies. As blockchain technology matures, we’re seeing increased convergence between conventional finance and decentralized systems.
Backed’s integration with both centralized exchanges and decentralized protocols exemplifies this hybrid model, combining regulatory compliance with open innovation. With Solana’s high-speed, low-cost network enabling seamless DeFi interactions, the stage is set for mass adoption of tokenized RWAs.
Moreover, the ability to fractionalize high-value stocks allows smaller investors to gain exposure to companies previously out of reach due to cost barriers. Combined with yield-generating opportunities via liquidity provision or lending, tokenized assets offer compelling advantages over traditional alternatives.
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Final Thoughts
Backed Finance’s xStocks launch represents a significant milestone in the evolution of digital finance. By making major U.S. equities accessible on blockchain platforms around the clock, it empowers users worldwide with greater control, flexibility, and opportunity.
As part of a broader movement toward real-world asset tokenization, xStocks demonstrate how innovation can coexist with security and compliance — paving the way for a more inclusive financial future.
With strong backing from top-tier exchanges and DeFi protocols, and growing momentum behind the xStocks Alliance, this initiative could become a blueprint for how traditional assets enter the decentralized era.
Core Keywords: tokenized stocks, xStocks, Backed Finance, DeFi, real-world assets (RWA), Solana DeFi, Bybit, Kraken