Backed, the pioneer issuer of tokenized stocks, announced the official launch of xStocks, bringing over 60 tokenized stocks, including household names like Apple, Amazon, and Microsoft, to Bybit, Kraken, and the Solana blockchain over the course of the day. Following the announcement of xStocks last month, this groundbreaking launch marks a significant leap in making tokenized stocks accessible to everyday investors, usable in DeFi 24/7, at the speed of blockchain.

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has partnered with Backed, to list xStocks on its Spot platform. 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. Bybit joins Kraken in listing these assets in numerous countries and territories across the world.

"At Bybit, we're committed to bringing the best of both traditional and digital finance to our global community," said Emily Bao, Head of Spot at Bybit. "By listing tokenized equities and ETFs, we're not just adding new products—we're empowering our users with greater choice, deeper flexibility, and more control, all within the secure and seamless Bybit experience. xStocks was the clear choice to help us deliver this unparalleled access."

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. Together, Bybit TradFi and xStocks offer a varied and powerful toolkit to serve different trading preferences—from short-term speculation on global macro trends to long-term portfolio diversification via tokenized assets. Additionally, xStocks will be supported on Byreal, a newly announced hybrid DEX incubated by Bybit. Byreal will offer a hybrid model designed to merge decentralized execution with centralized liquidity.

xStocks are going live on Kraken today in over 185 countries and territories. This rollout aims to democratize investing by leveraging crypto innovation to break down traditional financial barriers. Kraken is initially listing over 55 tokenized assets directly in its Kraken app, enabling 24/5 trading and withdrawals to self-custodial wallets. This allows users to utilize xStocks onchain.

"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.