Tokenized stocks are rapidly transforming how traditional financial assets interact with blockchain technology. Leading this revolution, Backed Finance has officially launched tokenized equities and ETFs across major crypto platforms including Bybit, Kraken, and Solana-based DeFi protocols.
Backed Finance Expands Tokenized Equities Across Crypto Exchanges
Backed Finance introduced its onchain stock trading through a coordinated rollout involving top-tier exchanges and decentralized finance (DeFi) ecosystems. The new listings include over 60 tokenized assets such as:
- Apple (AAPL)
- Microsoft (MSFT)
- Amazon (AMZN)
- Core S&P 500 ETF (SPY)
These tokens, dubbed xStocks, are part of a broader initiative to bring real-world assets (RWAs) on-chain, enabling 24/7 trading and future DeFi integration.
Integration with Solana-Based DeFi Platforms
Following the exchange listings, Backed’s stock tokens will be integrated into Kamino Swap, Raydium, and Jupiter — major Solana DeFi applications. These tokens will soon be usable as collateral for decentralized lending, further deepening their role in onchain finance.
“By bridging traditional finance and DeFi, we are building the foundational blocks for a truly open and inclusive global financial system,” said Adam Levi, co-founder of Backed Finance.
Tokenization of Real-World Assets: A Growing Trend
The move aligns with a growing industry trend known as Real-World Asset Tokenization (RWA) — the process of bringing traditional assets like stocks, bonds, or real estate onto blockchain networks. Exchanges including Coinbase, Gemini, and Robinhood are actively exploring or deploying similar tokenized equity products.
Backed Finance is coordinating these efforts under the xStocks Alliance, a coalition of centralized and decentralized players committed to creating a global, onchain financial market.
Why Tokenized Stocks Matter
Tokenized stocks allow users to:
- Trade equities 24/7 without borders
- Access fractional shares with ease
- Use traditional assets within DeFi ecosystems
- Benefit from transparent and programmable ownership
This approach could democratize access to global financial markets, especially for users in regions with limited access to traditional brokerages.
Outlook
With the launch of tokenized stocks on Bybit, Kraken, and Solana DeFi protocols, Backed Finance is positioning itself at the forefront of blockchain-based asset innovation. As tokenization of equities gains momentum, these integrations mark a critical step toward a decentralized, inclusive, and more efficient financial future.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.