KEY TAKEAWAYS
- Bybit has listed xStocks, tokenized U.S. equities and ETFs, on its Spot platform, enhancing access to global financial markets.
- The listing is facilitated through a partnership with Backed, allowing tokenized assets to be compatible with Ethereum and Solana networks.
- Bybit’s integration of traditional and digital finance empowers users with greater choice and flexibility in trading.
- xStocks offers fractional ownership and 24/7 trading, bridging centralized and decentralized finance.
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the listing of xStocks—a series of tokenized U.S. equities and ETFs—on its Spot platform. This development marks a significant step in Bybit’s efforts to bridge traditional and digital finance, providing users with enhanced access to global financial markets through blockchain technology. The announcement was made here.
The listing is facilitated through a partnership with Backed, a Swiss-based issuer of tokenized financial instruments. xStocks, launched by Backed in May 2025, includes over 60 U.S.-listed equities and ETFs, such as Apple, Tesla, NVIDIA, and SPY. These assets are tokenized and pegged 1:1 to their real-world counterparts, ensuring they are freely transferable and compatible with both Ethereum (ERC-20) and Solana (SPL) networks. This compatibility allows for broad accessibility across centralized exchanges, decentralized finance (DeFi) protocols, and now, the Bybit ecosystem.
Expanding Financial Access Through Tokenization
Emily Bao, Head of Spot at Bybit, emphasized the company’s commitment to integrating traditional and digital finance. She stated, “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.”
This listing follows the recent introduction of Bybit TradFi, a unified trading interface that allows users to trade various traditional financial instruments directly from the Bybit app. Together, Bybit TradFi and xStocks provide a comprehensive toolkit catering to diverse trading preferences, from short-term speculation on global macro trends to long-term portfolio diversification via tokenized assets.
Unlocking New Market Opportunities
With xStocks now available on Bybit, users can trade tokenized stocks and ETFs directly on the Bybit Spot platform. This offers fractional ownership, reducing barriers to entry, and benefits from on-chain liquidity and global accessibility. Additionally, users can engage in 24/7 trading, unbound by traditional market hours, further bridging centralized finance (CeFi) and DeFi.
Adam Levi, co-founder of Backed, expressed enthusiasm for the partnership, noting that the integration with Bybit significantly expands the reach of tokenized equities. “This integration puts tokenized equities into the hands of millions of new users and is a significant step toward building a more open and connected financial system,” he said.
The service will be available to selected Bybit users in the coming weeks, marking another milestone in Bybit’s strategy to connect users to both the future of finance and the enduring opportunities of Wall Street, reimagined on-chain.
Why This Matters: Impact, Industry Trends & Expert Insights
Bybit’s introduction of xStocks, which includes tokenized U.S. equities and ETFs, signifies a pivotal move in merging traditional and digital finance, enhancing user access to global markets through blockchain technology.
Recent industry reports indicate that tokenized equities are gaining momentum, driven by fractional ownership and increasing regulatory clarity. This aligns with Bybit’s strategy to offer tokenized assets, thereby democratizing access to high-value stocks and ETFs.
As per insights from a CFA Institute report, tokenization in finance is seen as transformative, with growing institutional adoption and regulatory maturity enhancing market accessibility. This supports Bybit’s efforts to integrate traditional equities with blockchain, offering users innovative trading opportunities.
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