TLDR

Kraken and Bybit have launched over 60 tokenized U.S. stocks through the xStocks platform.
These tokenized stocks are backed one-to-one by real shares and allow trading 24 hours a day for five days a week.
The stocks include major companies such as Apple, Tesla, Nvidia, Microsoft, Meta, and Amazon.
xStocks are now integrated into Solana DeFi platforms, including Raydium, Jupiter, and Kamino.
Users can trade, swap, or provide liquidity using tokenized stocks directly on Solana-based applications.

Over 60 tokenized U.S. stocks issued by Backed Finance are now available for trading through crypto exchanges Kraken and Bybit via the xStocks platform. The stocks offer exposure to major companies on blockchain networks with 24/5 trading. Integration with Solana’s decentralized finance (DeFi) protocols further expands their availability to DeFi participants.

These tokenized assets represent major U.S. and global corporations, including Meta, Nvidia, Amazon, Tesla, Apple, and Microsoft. Users can now buy, sell, or hold them across both centralized and decentralized environments. Backed Finance confirmed that each token is backed one-to-one by the underlying shares.

The launch includes seamless availability on Kraken, Bybit, and Solana DeFi platforms like Raydium, Jupiter, and Kamino. These platforms now support trading, liquidity provisioning, and asset swapping with tokenized stocks. Users can also view these assets through the Phantom wallet on Solana.

Kraken Enables Real-Time Stock Access on Blockchain

Kraken has added support for tokenized stocks with uninterrupted trading five days a week, mimicking regular stock markets but without downtime. This move aims to eliminate traditional market restrictions such as trading hours, signup barriers, and geographic limitations. Kraken announced the feature to simplify and speed up global access to major stocks.

The exchange claims zero commissions for trading tokenized stocks through the xStocks system, improving affordability for regular users and institutions. These tokens offer real asset exposure, enabling blockchain-based access to real-world equities without ownership restrictions. Traders can now engage with traditional stocks directly on a crypto-native platform.

With real share backing and blockchain integration, Kraken offers users more flexible stock trading tools through familiar exchange interfaces. While compliance with regional laws remains vital, Kraken maintains support for regulated frameworks. With the platform’s ongoing feature rollout, stock trading becomes more agile and borderless.

Bybit Integrates xStocks on TradFi and Byreal Platforms

Bybit, the second-largest crypto exchange by trading volume, now provides access to tokenized stocks through its TradFi and Byreal platforms. It confirmed the integration of over 60 tokenized stocks on-chain, with instant settlement and transparent backing. Bybit also stated that future dividend support is being evaluated.

The tokens are reportedly compliant with MiFID II, the EU’s financial instruments directive, ensuring alignment with regulated markets. This compliance supports broader access for European users seeking real-world equity exposure on-chain. Bybit has positioned itself to handle hybrid financial services by bridging traditional and crypto markets.

Users can interact with xStocks on Bybit’s platforms while maintaining exposure to stocks backed by physical shares. The platform offers a unified experience where blockchain speed meets the structure of regulated financial systems. Its hybrid model supports both asset management and liquidity engagement across markets.

Solana DeFi Ecosystem Integrates xStocks

Solana-based DeFi protocols now support tokenized stocks through full integration with the xStocks platform, enabling new use cases in decentralized environments. Raydium, Jupiter, and Kamino are among the protocols where users can trade, swap, or use stocks for liquidity provisioning. This access brings equity markets directly into DeFi applications.

According to Backed Finance, users can interact with tokenized stocks through the Phantom wallet, although complete functionality is being gradually released. The integration offers new tools for decentralized trading strategies, while retaining real-world asset exposure. DeFi participants can now manage stock-based positions on-chain.

The post Kraken and Bybit Launch 60+ Tokenized U.S. Stocks via xStocks appeared first on CoinCentral.

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Filed under: News - @ June 30, 2025 10:21 pm