Backed Finance has launched xStocks, a platform with over 60 tokenized stocks and ETFs available for trading on Kraken, Bybit, and Solana DeFi.
Major companies like Apple, Microsoft, and Tesla now offer tradable stocks on blockchain networks, allowing 24/7 trading and easy integration with decentralized and centralized exchanges.
The tokens are backed by real shares, comply with EU regulations, offer near-instant settlement, and support for dividend payouts is being evaluated.
The integration of xStocks with platforms like Kraken, Bybit, Solana DeFi, and Phantom wallet showcases the growing trend of tokenizing real-world assets in the crypto space, expanding user access and market reach.