Tokenized Stocks Unleash a New Era: Backed Finance Brings Traditional Equities to Crypto Exchanges

Key Points

1. Tokenized stocks are blockchain-based representations of traditional securities, enabling 24/7 trading and fractional ownership.

2. Backed Finance's initiative includes major companies like Apple and Microsoft, as well as ETFs such as SPDR S&P 500.

3. These tokenized assets are available on crypto exchanges like Bybit and Kraken and integrated with Solana-based DeFi protocols.

4. The launch expands the range of assets available in DeFi, offering new opportunities for investors and the crypto ecosystem.

5. This move highlights blockchain's potential beyond cryptocurrencies, blending traditional finance's stability with blockchain's innovation.