Kraken and Bybit May Soon Offer Over 60 Tokenized Stocks Including Apple and Tesla via Backed Finance’s xStocks

Key Points

1. Backed Finance’s xStocks allow trading of over 60 tokenized stocks, including major firms like Apple, Tesla, Coinbase, and Robinhood, on Kraken and Bybit.

2. xStocks provide 24/7 trading without geographical limitations, backed by real shares for transparency and trust.

3. Bybit confirms xStocks comply with the EU’s MiFID II regulations, with plans to potentially support dividends in the future.

4. xStocks are also integrated into Solana’s DeFi ecosystem, enabling liquidity provision and decentralized trading via protocols like Kamino, Raydium, and Jupiter.

5. The initiative contributes to the growing tokenized securities market, leveraging blockchain for enhanced accessibility, liquidity, and regulatory compliance.