Crypto began as a vision for a parallel financial system—borderless, permissionless, open to everyone. While revolutionary and captivating to early adopters, it found product-market fit through stablecoins, offering the average user tangible value through popular assets. The logical progression is clear, and it’s here: tokenized capital markets.xStocks are live today. This is the next step for crypto: over 60 tokenized stocks on Bybit, Kraken and Solana, a trading experience with worldwide accessibility and the speed of the blockchain. Household names like Apple, Amazon and Microsoft are at your fingertips, freely transferable and available 24/7. This is what investing looks like when it’s designed for everyone.Backed’s xStocks accelerate the convergence of crypto and traditional finance. As equities are tokenized and crypto companies go public, xStocks bridges these worlds, offering a selection of tokenized stocks from both emerging and established crypto firms, alongside bluechip giants. From newly launched tickers like $CRCLx to well-known names like $COINx and crypto accumulation stocks such as $MSTRx and $DFDVx, users can access crypto companies as they were meant to, onchain.<h2 id="">Bybit joins the xStocks Alliance</h2><a href="https://www.bybit.com/" id="">Bybit</a>, the world’s second-largest cryptocurrency exchange by trading volume, has partnered with Backed, joining the xStocks Alliance and listing xStocks on its Spot platform on day one. Users can access tokenized equities and ETFs through the exchange’s trading interface, available 24/7. Bybit’s asset offerings now allow 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 over 190 countries 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 centralized liquidity with decentralized execution."xStocks represent a monumental leap forward in democratizing access to financial markets," said Adam Levi, co-founder of Backed. "By bringing familiar assets onto the blockchain with unprecedented accessibility, we are not just bridging traditional finance and DeFi; we are building the foundational blocks for a truly open, efficient, and inclusive global financial system where everyone can participate in wealth creation."<h2 id="">Chainlink joins the xStocks Alliance</h2><a href="https://chain.link/" target="_blank" id="">Chainlink</a>, the backbone of the blockchain industry, is joining the xStocks Alliance as the official oracle infrastructure and developing xStocks Data Streams, a bespoke oracle solution that delivers high onchain data accuracy, sub-second price latency, and the ability to verify corporate actions in real time. xStocks is adopting the Chainlink interoperability and data standards, including the <a href="https://chain.link/cross-chain" target="_blank" id="">Cross-Chain Interoperability Protocol (CCIP)</a>, and <a target="_blank" href="https://chain.link/proof-of-reserve" id="">Chainlink Proof of Reserve</a>. With CCIP live on Solana, xStocks will be able to easily expand to other blockchains, staying true to their purpose as neutral assets.Data Streams’ custom solution for xStocks will deliver a CEX-like user experience with onchain execution faster than ever before. This creates a vertically integrated stack that connects tokenized stocks and ETFs to their blockchain counterparts and provides both protocols and users with accurate data to power their mechanisms and inform their decisions.Tokenization redefines the relationship between people and financial markets, bringing tools previously restricted to institutional investors to retail through DeFi apps. Beyond making them accessible and transparent, the tokenization of equities lays the foundation for an onchain financial system to not only match but exceed traditional finance.xStocks are DeFi-ready. They’re integrated with leading Solana protocols, offering a seamless UX for cryptonatives and a groundbreaking experience for retail investors. Simultaneously sharing the functionalities of crypto tokens and tracking the value and performance of underlying equities, tokenized assets present unprecedented ways to build wealth.Later today, users can trade on <a href="https://app.kamino.finance" id="">Kamino</a>, Solana’s top money market. Lending is rolling out as liquidity increases. Liquidity providers can earn fees and incentives through <a href="https://raydium.io/swap/?inputMint=sol&outputMint=4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R" id="">Raydium</a>, the largest DEX on Solana. Traders can use <a href="https://jup.ag/" id="">Jupiter</a>, the go-to decentralized liquidity aggregator on Solana, to get competitive prices for tokenized stocks, or get xStocks directly through Phantom, Solana’s most popular wallet. Available today via these platforms will be SPYx, APPLx, NVDAx, TSLAx, METAx, GOOGLx, COINx, QQQx, CRCLx, MSTRx - with many more coming soon.&nbsp;<h2 id="">Use on Kamino</h2>xStocks are available on Kamino from day one, allowing users to get xStocks through Kamino Swap. Lending on the xStocks Market is being rolled out as liquidity increases. Kamino is the largest money market on Solana, unifying Lending, Liquidity, and Leverage into a single DeFi product suite with over $2b in liquidity and thousands of daily active users.This integration opens a range of possibilities, catering to diverse risk profiles: from the savvy investor with eyes on multiple opportunities but limited funds, to the speculative risk-taker who wants leverage, to the pair-trader or the long-term stakeholder who needs liquidity but avoids selling their assets at all costs. They come together in a money market, under transparent and commonly understood terms, to determine the fair interest rate for assets through supply and demand, able to provide lenders with yield and offer stablecoin borrowers competitive interest rates.Further than direct retail usability, the integration of xStocks into a lending protocol elevates them into building blocks for new structured products, composable with other protocols and allowing the constitution of complex financial instruments. DeFi trailblazers have already explored countless possibilities, but not with tokenized equities. This is only natural, as crypto matures into an ecosystem ready for investors of all sizes and profiles.<h2 id="">The Future of Finance</h2>Crypto is poised to power global markets as the next frontier of the digital revolution, capable of processing thousands of transactions per second and handling millions of accounts. Yet scaling and performance are not the biggest challenges, coordination is. Fragmentation divides users and developers, hurting the experience and inhibiting growth. The solution doesn’t take sides, not even its own.xStocks leads by example as the standard for tokenized equities: a neutral, public-good asset class not bound to any single blockchain or exchange. They’re backed by a diverse group of forward-thinking industry leaders, committed to making these assets available to users worldwide, on the chains they use, and through the apps they trust.The xStocks Alliance was formed to unite top exchanges, chains, DeFi protocols in building an open, liquid market for real-world assets onchain. Joined by Backed, Kraken, Solana, AlchemyPay and more, it advances the ideals of neutrality, transparency and accessibility beyond niche digital assets to encompass all of finance.Help us shape the next era of financial markets as an <a href="mailto:contact@xstocks.com" id="">xStocks Alliance member</a>, or <a href="http://xstocks.com" id="">get xStocks</a> and join the movement.‍xStocks are not marketed, offered, or solicited in the United States or in any other prohibited jurisdiction. The information provided does not constitute an offer or solicitation to buy or sell any financial product directly from us or any of our partners. Investing in xStocks involves risk. Backed does not provide investment advice, and individual investors are encouraged to seek professional independent advice before any investment in xStocks. For a full list of prohibited and restricted countries and review of legal documentation, please visit <a href="https://www.assets.backed.fi/legal-documentation" id="">https://www.assets.backed.fi/legal-documentation</a>

xStocks are going Live: Tokenized Stocks for the DeFi Era

xStocks are live today. This is the next step for crypto: over 60 tokenized stocks on Bybit, Kraken and Solana, a trading experience with global accessibility and the speed of the blockchain. This is what investing looks like when it’s designed for everyone.

xStocks is proud to announce that <a href="http://www.alchemypay.org" id="">Alchemy Pay</a>, the global fiat-crypto payment gateway, has officially joined the xStocks Alliance—a growing network of industry leaders bringing real-world assets onchain. Through this partnership, Alchemy Pay will integrate Backed’s <a href="http://www.xstocks.com" id="">xStocks</a>, a permissionless line of leading global tokenized stocks and ETFs, directly into its Real-World Asset (RWA) platform.This integration unlocks seamless fiat access to tokenized equities across over 170 countries and 50+ fiat currencies, enabling users around the world—especially those in underbanked and underserved regions—to invest in some of the world’s most recognized equities with the same ease as buying crypto or making an online payment.<h2 id="">Making Tokenized Equities Truly Global</h2>This partnership marks a major milestone in the adoption of tokenized assets: for the first time, users can directly access a growing portfolio of tokenized stocks—including Apple, Tesla, SPY, and NVIDIA—using local fiat payment methods.By leveraging Alchemy Pay’s robust fiat on and off-ramp infrastructure, xStocks becomes radically more accessible, enabling borderless investing and providing an intuitive user journey from traditional finance into Web3. For everyday users and crypto-native platforms alike, this opens up a new frontier in wealth creation and capital markets access.<h2 id="">A Catalyst for Growth Across the xStocks Alliance</h2>Alchemy Pay joins a fast-growing ecosystem of pioneers such as Kraken and Solana, who integrate and support xStocks to bring tokenized equities to the masses. Their participation further validates xStocks’ vision of building a neutral, public-good asset layer for programmable finance—designed to be composable across chains, platforms, and user interfaces.“We’re thrilled to partner with Alchemy Pay to further expand access to xStocks and bring tokenized equities to a truly global audience,” said Adam Levi, co-founder of Backed. “This integration marks another significant step toward making xStocks—and the broader xStocks Alliance—the industry standard for on-chain equities. We envision a future where tokenization becomes the default model for asset issuance, trading, and settlement worldwide. With its transparency, efficiency, and global accessibility, tokenized finance isn’t just an innovation—it’s the future of capital markets.”“This upcoming launch is a major milestone not only for Alchemy Pay but for the entire RWA ecosystem,” said Ailona Tsik, CMO at Alchemy Pay. “By introducing the world’s first fiat-to-RWA gateway, we’re redefining how people engage with financial markets. Together with Backed, we’re making it possible for regular people to access leading global stocks and ETFs, breaking down the legacy walls that have kept too many people out. This is how we onboard the next billion users to Web3 with the ambition to be the global financial hub.”As adoption of tokenized assets accelerates, we're seeing a broad shift in how the industry approaches asset issuance and distribution. xStocks is designed to meet this moment—bridging traditional and decentralized finance through neutral, composable infrastructure that can scale with the future of investing. For more information, please visit <a href="http://www.xstocks.com" id="">www.xstocks.com</a><h3 id="">About Backed&nbsp;</h3>Founded in 2021, Backed is the leading issuer of compliant tokenized equities and ETFs, including the innovative <a href="http://www.xstocks.com" id="">xStocks</a> line of products. Backed's products are freely transferable&nbsp; ERC-20 and SPL tokens compatible with Ethereum and Solana-based platforms. For more information, please visit <a href="https://backed.fi" id="">https://backed.fi</a><h3 id="">About Alchemy Pay</h3>Founded in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its offerings including On &amp; Off-Ramp, Web3 Digital Bank, NFT Checkout and its newly launched RWA platform, Alchemy Pay supports fiat payments in 173 countries.Not for distribution to any U.S. Person or any person or address in the United States. Backed does not sell its tokens to U.S. Persons or for the account or benefit of U.S. Persons. Tokens are not marketed, offered, or solicited in the U.S. or in any other prohibited jurisdiction. ‍For a full list of prohibited and restricted countries and review of legal documentation, please visit <a href="https://www.assets.backed.fi/legal-documentation" id="">https://www.assets.backed.fi/legal-documentation</a>

xStocks Welcomes Alchemy Pay to the Alliance

xStocks has partnered with Alchemy Pay to integrate tokenized stocks and ETFs into its platform, enabling global fiat access to equities. This collaboration aims to make investing in stocks like Apple and Tesla as easy as buying crypto, bridging traditional finance with Web3.

We are thrilled to unveil xStocks, a new line of over 55 tokenized stocks and ETFs, set to launch soon on Kraken and integrated with Solana’s best DeFi apps. This milestone advances our mission to bridge traditional finance with DeFi, making global markets accessible worldwide.xStocks will bring U.S. equities—household names like Apple, Tesla, Google, and Meta—onchain as tokenized assets.<h2 id="">What does this mean for DeFi users?</h2>The upcoming launch of xStocks on Kraken and Solana unlocks a range of possibilities for retail and institutional investors:<ul id=""><li id="">Global Market Access: xStocks provide onchain exposure to leading U.S. stocks and ETFs. Users can own tokenized assets representing real-world equities, held as collateral, with the freedom of the blockchain.</li><li id="">DeFi Composability: xStocks are designed for integration into DeFi protocols. Use them as collateral in lending platforms, leverage them for borrowing, or incorporate them into other crypto applications to maximize capital efficiency.</li><li id="">Flexible Trading: Trade 24/7 on Solana’s high-throughput, low-cost infrastructure or through Kraken with zero fees. Buy with crypto, stablecoins, or fiat. Hold tokens in your own wallet for full control.</li><li id="">Instant Settlement: Transactions settle near-instantly, whether on Solana or via Kraken, removing the delays of legacy systems and enabling rapid portfolio adjustments.</li></ul>For example, a user holding xStocks can lend their tokenized Apple shares on a DeFi protocol to earn yield or borrow against them to access capital without selling. This flexibility, combined with Solana’s scalability, creates a dynamic ecosystem for financial innovation.<h2 id="">Real-World Use</h2>xStocks go beyond trading. They enable portfolio diversification with U.S. market exposure, serve as collateral in lending protocols, and support the creation of new products. Users can engage with global markets while leveraging DeFi’s potential, all within a regulated framework.<h2 id="">A Step Toward Financial Inclusion</h2>The upcoming xStocks launch marks a systemic leap toward mainstream adoption of tokenized securities. Kraken and Solana join us as we lead the charge, powering access, liquidity and enabling DeFi integrations, but our mission doesn’t stop there: xStocks should be available on any chain, and on every exchange.Follow <a href="https://x.com/xStocksFi" id="">@xStocksFi</a> on X/Twitter and keep up with the news.Not for distribution to any U.S. Person or any person or address in the United States. Backed does not sell its tokens to U.S. Persons or for the account or benefit of U.S. Persons. Tokens are not marketed, offered, or solicited in the U.S. or in any other prohibited jurisdiction. Backed is not an affiliate of or licensed by BlackRock. Neither BlackRock nor S&amp;P are responsible in any way for xStocks products. For a full list of prohibited and restricted countries and review of legal documentation, please visit <a href="https://www.assets.backed.fi/legal-documentation" id="">https://www.assets.backed.fi/legal-documentation</a>

xStocks: Coming Soon to Kraken and Solana

We are thrilled to unveil xStocks, a new line of over 55 tokenized stocks and ETFs, set to launch soon on Kraken and integrated with Solana’s best DeFi apps.

xStocks News

xStocks are going Live: Tokenized Stocks for the DeFi Era

xStocks Welcomes Alchemy Pay to the Alliance

xStocks: Coming Soon to Kraken and Solana

xStocks in the Press

Backed Finance Debuts Tokenized Stocks on Bybit, Kraken and Solana DeFi Protocols

Tokenized Stock Trading Live on Kraken, Bybit and Solana’s DeFi Ecosystem

Alchemy Pay Taps Backed to Expand Access to Tokenized ETFs, Stocks

Apple, Tesla on Solana: Can Tokenized Stocks Lure Crypto Traders?

The Rise of Tokenized Equities With Backed Finance Co-founder Adam Levi