Backed Finance Debuts Tokenized Stocks on Bybit, Kraken and Solana DeFi Protocols
2025-06-30 11:50:27
Main Idea
Backed Finance is launching tokenized stocks on major crypto exchanges and Solana DeFi platforms, offering around-the-clock trading for 60 equity and ETF tokens.
Key Points
1. Backed Finance's tokenized stock offering includes 60 equity and ETF tokens available for 24/7 trading.
2. Bybit and Kraken are the first crypto exchanges to allow trading with these tokens, with DeFi apps Kamino Swap, Raydium, and Jupiter to follow.
3. The initiative is part of a broader trend of crypto exchanges expanding into tokenized securities trading.
4. Backed Finance is part of the xStocks Alliance, a group focused on building an open on-chain market for real-world assets.
5. The move aims to bridge traditional finance and decentralized finance (DeFi) by providing tokenized real-world assets.
Description
Real-world asset tokenization firm Backed Finance is launching its tokenized stock offering on major crypto exchanges, and Solana (SOL)-based decentralized finance (DeFi) protocols, bringing equities like Apple, Amazon, and Microsoft and crypto-native platforms closer. The offering includes some 60 equity and ETF tokens that are available for trading around-the-clock, the company said on Monday. Crypto exchanges Bybit and Kraken are first to allow trading with the tokens, followed by integration...
Latest News
- Bitcoin Whales Wake Up From 14-Year Slumber to Move Over $2B of BTC2025-07-04 08:19:50
- Crypto ETF BLOX, Which Offers Digital Asset Exposure and Options Income, Gains Steam2025-07-04 07:11:57
- Asia Morning Briefing: SOL up 4% as Analysts Say Staking ETF (SSK) Has Strong Launch2025-07-04 05:50:53
- BONK Surges 10% as Tuttle Capital Sets July 16 as Earliest Launch Date for Its 2X Leveraged ETF2025-07-04 05:50:03
- SEC Halts Grayscale Large Cap Fund Approval for 'Review'2025-07-04 05:50:02